Texas fast food chain Layne’s Chicken Fingers is offering teens the chance to earn $ 50,000 to offset labor shortages, according to CEO Garrett Reed.
Reed told Stuart Varney of FOX Business that the company and its franchise partners start many teenage employees on a âlearning wageâ before moving them to a management âliving wageâ.
âWe teach them the ropes, how to put on an apron, how to put on a hat, how to cook toast,â Reed explained on âVarney & Coâ. Thursday, “and yes, we have quite a few young people in our organization who have now moved into those higher salary brackets.”
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The apprenticeship pay period, Reed suggested, allows young employees to show their potential as a restaurant manager. He then recounted how a 19-year-old manager became well-versed in the business.
“He showed the potential, the work ethic, the motivation. He understood our culture, our values. And when the opportunity presented itself, he took it,” said Reed.
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 at some point,â Reed said.
RESTAURANTS OFFER HIRING INCENTIVES IN CASE OF LABOR SHORTAGE
The CEO recently told the Wall Street Journal that a continuing staff shortage had forced him to prepare a 16- to 17-year-old crop to run stores.
In April, the number of job postings 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.