Chipotle Mexican Grill (NYSE: CMG) reported that it is increasing restaurant wages that will result in a USD 15 average hourly wage by the end of June. Crew members will also be able to advance to a Restaurateur, the highest general Manager position in as little as three and a half year with an average compensation of USD 100,000. The wage increases will be rolled out over the next few weeks and will result in hourly crew member starting wages that range from USD 11-18 per hour. The company has also introduced a USD 200 employee referral bonus for crew members and a USD 750 referral bonus for Apprentices or General Managers.
Chipotle plans to open 200 restaurants this year and hire 20,000 new team members across the United States. “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. “We’re looking for people who are authentic, passionate and want to help cultivate a better world through real food and real personal development.”
Chipotle plans to launch a virtual career fair on Discord on May 13th from 10am to 1PM PT.