: Chipotle says it can offer workers the chance for a six-figure salary in 3.5 years


Chipotle Mexican Grill Inc. announced a wide range of compensation incentives on Monday, including a pathway to a six-figure salary, as it seeks to hire 20,000 workers in the U.S.


is bumping pay for new and existing hourly and salaried workers, which will drive wages for hourly crew members up to $11 to $18 per hour . The average hourly wage will be $15 per hour by the end of June, the company said.

Chipotle is also promising a career path for interested workers, which will lead them to the “restauranteur” title, the highest general manager position, and an average pay of $100,000 in 3.5 years.

See: Six Flags saying hiring isn’t so easy, because of immigration limitations, high unemployment benefits and school schedules

“Chipotle is committed to providing industry-leading benefits and accelerated growth opportunities, and we hope to attract even more talent by showcasing the potential income that can be achieved in a few short years,” said Marissa Andrada, chief diversity, inclusion and people officer at Chipotle, in a statement. 

The company has also introduced referral bonuses for workers: $200 employee for crew members and $750 for “apprentices” or general managers.

Also: Some states are cutting unemployment payments to push people back to work — are extra benefits really keeping Americans out of the labor force?

Chipotle will be hosting a virtual career fair on the Discord online community platform on May 13 from 10am to 1pm PT.

Chipotle joins a number of other consumer companies that will be hosting job fairs in the search for thousands of workers, including Yum Brands Inc.’s

KFC chain and the Lowe’s Cos. Inc.

home improvement retail chain.

Don’t miss: Businesses can’t find enough workers — many fear catching COVID-19 or prefer to live off unemployment

Chipotle stock is up 1.1% for the year to date while the benchmark S&P 500 index

has gained 12.5% for the period.

Futures Movers: Oil prices move lower as traders assess impact of Colonial Pipeline shutdown

Previous article

Europe Markets: European stocks struggle as investors watch U.S. pipeline outage, while mining stocks climb

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in News