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In reply to the discussion: Chipotle raises menu prices to offset employee wages [View all]MontanaMama
(23,307 posts)We have extremely low turnover. Hiring and training is so expensive. After we hire someone and they seem like a good fit, I sit down with them and we talk about compensation and what is ofvalue to them. Every one of our employees has a different compensation package based on their wants and needs. Some of our folks have kids, some of our folks are retired, some need insurance, some have their insurance covered by a spouse
Everyones lives are so different and, as an employer, recognizing that is the key to keeping people happy and feeling cared for.
I have one guy who wants his Costco membership paid, a stipend to pay for his health insurance on his wifes policy and a line of credit at the hardware store...thats what speaks to him. I have another employee that wants to come in work at 4:30am and leave by noon. I have another employee that is going to pharmacy school at the local university and needs very flexible hours. Another guy wants specific paid holidays, flex time and health insurance. All of it is possible and crucial to keeping us up and running. I care about the people who work for us and it is my job to give them what they need.