A labor shortage is forcing a fast food restaurant chain to shell out huge amounts of money, but its CEO says the company is focused on one key end goal.
Texas fast food chain Layne’s Chicken Fingers is offering teens the chance to earn US $ 50,000 (A $ 65,000) to offset labor shortages, according to CEO Garrett Reed.
He told Fox News that the company and its franchise partners were training many teenage employees on “learning wages” before moving them to management “living wages”.
âWe teach them the ropes, how to put on an apron, how to put on a hat, how to cook toast,â Mr. Reed explained, âAnd yes, we have quite a few young people in our organization who have now moved on. in these higher salary brackets.
The apprenticeship pay period, suggested Mr. Reed, allows young employees to show their potential to run a restaurant. He then recounted how a 19-year-old manager became well-versed in the business.
âHe showed the potential, the work ethic, the motivation. He understood our culture, our values. And when the opportunity arose, he took it, âMr. Reed said.
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As the younger workforce learns more about the ins and outs of franchising, the goal is to prepare them to become a store owner.
âI like to tell these kids that they can become a CEO, make a lot of money, and then the ultimate goal is to let them own their own franchise business at some point,â Reed said.
The CEO recently said The Wall Street Journal that a continuing shortage of staff has forced him to prepare a generation of 16 to 17 years old to run stores.
In April, the number of job postings in the United States hit a record 9.3 million, according to the Bureau of Labor Statistics. The accommodation and food services sector saw the largest increase in openings with an increase of 349,000.
Despite the steady increase in job creation this year, the number of new hires remained virtually unchanged from March to April.
Layne’s Chicken Fingers recently announced plans to open more than 100 stores across Texas in the coming years.
This article originally appeared on Fox News and has been reprinted with permission