Walmart offers about the same salary and bennies.
your kidding? Right, cause from experience, no they don't!
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Walmart offers about the same salary and bennies.
Min wage:But the biggest difference between Boloco and other fast food spots is the salary earned by employees. Pay begins at $9 an hour and goes up to $17 an hour for managers.
VT = $8.60/hour
MA = $8.00/hour
DC = $8.25/hour
Is the chain with employees starting at $9 really doing anything amazing on the fast food payscale?
And for managers $17 an hour is low. I know McDonald managers that make $55,000 a year plus bonuses.
If they are not successful, then their formula is not working. Then they need to figure out a new formula, otherwise, they go out of business.
How can a business be "wildly successful" losing money?
17% profit is close to the industry average but-----but keep dissing American entrepreneurs and labor, it reminds of us just what the Republican party represents -pewsh!-
Are you implying that you think every corporate and/or franchise fast food restaurant is profitable?
The Best Fast Food Chain To Work For?
< snip>
Doing 'right' means lower profits
Pepper conceded he isn't yet consistently reaching profit margins of 20 percent or higher, which many other fast food chains have. On average, his company is closer making a 17 percent profit a year, he said. But he is happy with that, and he says his restaurants have seen an increase in same-store sales every year since the chain's inception, save for 2003 and 2009. And he believes his model will "one day mean higher profits," he confirmed by e-mail.
Turnover is also much lower, thanks to the higher wages.
The restaurant industry as a whole however, experienced a turnover rate of 95 percent for hourly workers back in 2011, as the industry magazine QSR reported.His turnover last year was about 64 percent. "Turnover is expensive and we are able to avoid some of it."
<snip>
But-----but $10 bucks an hour ain't even keeping up.
Over the past 50 years, the minimum wage has seen little to no growth as worker productivity has surged. In fact, if the minimum wage kept pace with increases in worker productivity, it would now stand at $21.72 per hour.
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Hey McDonald's! This Fast Food Restaurant Pays Employees $10 An Hour And Is Wildly Successful -
When did it become acceptable for employers to shit on their help? And, why? What does it get for them?Boloco is a Boston-based burrito place with 23 locations in New England from Burlington, VT down to Washington, D.C., with most in and around Boston. If you go to Yelp, youll see mostly 4-star reviews of its burrito and smoothie menu. Its very popular among the college crowd, which CEO John Pepper has taken advantage of with many outlets near New England universities. The story of what began as Under Wraps in 1997 is one of good business based on healthy food and treating employees well. Some of the highlights over the years include:
Adding a smaller-sized burrito despite the negative effect on profitability, which now regularly outsells the large size.
Offering Health Insurance to all full-time and most part-time employees.
Offering a Simple IRA plan for all full-time and most part-time employees.
Rounding after tax prices to end with a 5″ or 0″ to eliminate pennies, saving time.
Offering English and Spanish Berlitz lessons to facilitate employee communications.
Putting a moratorium on new locations until current ones become profitable.
Making employees eligible for performance-based bonus plans.
Offering a dental plan to all full-time and most part-time employees.
Regular donations of $20,000 per year to a community food bank.
Instituting a speaker series for management.
Going green with all-natural meats, organic cotton uniforms, recycling, replacing Styrofoam cups
Hiring a company artist and hanging his paintings of local areas in stores. (source)
But the biggest difference between Boloco and other fast food spots is the salary earned by employees. Pay begins at $9 an hour and goes up to $17 an hour for managers. The average salary at Boloco is $10 an hour. Thats around $3 more than most places.
Read more: Hey McDonald's! This Fast Food Restaurant Pays Employees $10 An Hour And Is Wildly Successful -
Cool artwork at the link.
Wildly successful?
"Putting a moratorium on new locations until current ones become profitable."
That's your definition of success?
I wonder what they charge for food items.
It turns out that the cheapest item on their menu is $4 with a $2 bottle of water. For that much money I could feed 4 people at McDonald's.
I wonder what they charge for food items.
It turns out that the cheapest item on their menu is $4 with a $2 bottle of water. For that much money I could feed 4 people at McDonald's.
Add guacamole $1.73
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Money quote "Yes, a Boloco burrito costs more than a Big Mac but customers who value the fresh, organic ingredients and compostable/recyclable containers are willing to pay that extra amount."
IN SEPTEMER 1963, minmum wage per hours brought you 5 silver quarters... $1.25
Do you know what those 5 (junk quality) silver quarters are worth now?
$1 Face 90% SILVER WASHINGTON QUARTER LOTS NO JUNK UNITED STATES COINS 1932-1964 on eBay!
about $31.00
So basically that means that minimum wage' now pays about 1/4 what it once did.
IN SEPTEMER 1963, minmum wage per hours brought you 5 silver quarters... $1.25
Do you know what those 5 (junk quality) silver quarters are worth now?
$1 Face 90% SILVER WASHINGTON QUARTER LOTS NO JUNK UNITED STATES COINS 1932-1964 on eBay!
about $31.00
So basically that means that minimum wage' now pays about 1/4 what it once did.
10 whole dollars an hour eh? LOL, it's great to be intelligent and have an intelligent job that makes 4 times that awful wage. Is my burger ready yet Nettle?
This article is hilarious. They include MGR salaries with the hourly workers to boost the average up $1. That means for every manager making $17/hr there are 16 making $9...heheh. Why don't they include the salaries of the CEO and other officers so they can boost the average employee salary up another $2-3?
I don't trust fibbers and spinners and this article is full of both.
BTW - Right now Boston is debating and voting on whether to increase it's min wage to $9 immediately and then to $11 by 2015. This article is just a piece of PR/adv/marketing they paid someone to write.