Shake Shack Founder Danny Meyer and CEO Randy Garutti explain why the chain is bucking the plant-based meat trend and sticking to vegetables
New York As competition for labor heats up, Shake Shack is hoping some creative perks and benefits will attract workers — and convince them to stay.
Among them: stock options and four-day workweeks. "We've gotta invest in our people. We need to pay people well. We need to give our general managers stock every year so they're owners of this company," Shake Shack CEO Randy Garutti told CNN's Poppy Harlow in a recent Boss Files interview. The company has also been testing out four-day workweeks for its managers. Today, about 30% of its 187 US locations are trying out the schedule.
Why Shake Shack isn't putting plant-based meat on its menu 02:40It's common for companies to focus their attention on fostering talent at the management level, said Jaime Klein, founder and CEO of Inspire Human Resources, which helps companies hire workers. "Often times the trend is to put budgets into developing and retaining leaders because the hope is that they will have the most positive impact on all the people that they manage.
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