Tags: shake shack | four | day | work week | job

Shake Shack Tests 4-Day Work Week Amid Tight Job Market

shake shack corporate logo symbol emblem on a computer screen
Lei Xu | Dreamstime.com

Thursday, 14 March 2019 05:55 PM

Americans have been known to innovate when it comes to hamburgers. Maybe it’s no surprise, then, that Shake Shack Inc. is getting creative in its effort to attract and retain scarce workers.

Danny Meyer’s chain, famous for “concrete” milkshakes and gourmet burgers, is testing out a four-day schedule. Similar attempts have been made overseas, but the model hasn’t been widely adopted in the restaurant industry stateside.

Now, with a tightening labor market in the U.S. and an unemployment rate near the lowest in almost five decades, the company is trying new approaches to recruitment, Chief Executive Officer Randy Garutti said Thursday at an investor conference in Las Vegas.

“Here in Las Vegas, in some of our Shacks, we’re testing a four-day work week. That’s a big thing. Nobody’s really been able to figure that out in the restaurant business,” Garutti said.

“If we can figure that out on scale, it could be a big opportunity,” he said. “We’re not promising it yet, but it’s something we’re having fun trying, and seeing how our leaders like it on a recruiting basis and ongoing retention basis.”

Average hourly earnings for non-supervisory employees at limited-service restaurants rose 4.5 percent in the year through January, outpacing the national average for all industries by a full percentage point.

“Labor costs are a flashpoint,” Steve Joyce, CEO of Dine Brands Global Inc., the owner of Applebee’s and IHOP, said Thursday at the same conference. “The labor market is going to be tough this year. It will probably be tough next year.”

© Copyright 2019 Bloomberg News. All rights reserved.

   
1Like our page
2Share
Companies
Americans have been known to innovate when it comes to hamburgers.
shake shack, four, day, work week, job
255
2019-55-14
Thursday, 14 March 2019 05:55 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved