June 2016, Part I
Restaurants Projected To Create 515K Summer Jobs. According to the National Restaurant Association’s 18th Annual Eating and Drinking Place Summer Employment Forecast, restaurants are projected to add 515,000 jobs this summer. This year marks the fourth consecutive year that eating and drinking places are expected to add more than 500,000 summer jobs. Restaurants added a record 551,200 summer jobs during the 2013 summer season, 515,900 jobs during the 2014 season, and 527,100 jobs during the 2015 season.
Study Finds Modern Retailers Offer Higher Wages, Path To Management Jobs. A study, co-authored by University of Michigan Professor Francine Lafontaine, Stanford University Professor Kathryn Shaw, and Cornerstone Research Associate Brianna Cardiff-Hicks, released this week concluded that the growth of modern retailers has meant higher wages for workers. Lafontaine, a business economics and public policy professor, explained that the study’s results “contradict the image of the modern retail sector as offering the lowest paying jobs in the economy.” The Dallas Morning News also reported on the study, saying: “There are layers of management inside a big store that make moving up possible. Store managers at major chains make salaries comparable to positions that require a college degree in other industries.”
From Hourly Worker To CEO. On May 27, Nation’s Restaurant News reported that Chick-fil-A Inc. named Tim Tassopoulos as its new president and chief operating officer. Although Tassopoulos has worked in numerous roles within the company, he started as an hourly worker at one of the chain’s Atlanta restaurants. Since then, he helped develop the first free-standing Chick-fil-A concept, became director of field operations and eventually rose to the position of executive vice president of operations.
Benefits Putting RaceTrac On The Right Track. RaceTrac Petroleum recently announced the launch of numerous programs to enhance workplace benefits offered to employees. The changes resulted from a survey of more than 7,000 RaceTrac workers to learn what they wanted from an employer. According to Allison Moran, CEO of RaceTrac, “More than 80% of our team members provided overwhelmingly positive feedback about our unique, fun culture.” She continued, “However, some opportunities also came to light. Our Store Support Center (SSC) team members expressed a desire for revised leave policies while our retail teams shared insights on compensation, dress code, staffing structure and on-the-job perks. We took action and created an internal HR taskforce to drive policy changes that addressed the feedback specific to each group.”
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