Consumer
The Restaurant Chain Paying Its Managers’ Home-Closing Costs
- Restaurant chain’s new benefit is a bid to hold on to workers
- Industry has struggled to hire enough workers in recent years
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Raising Cane’s, a fried-chicken restaurant with about 700 locations, is touting a new benefit amid a stubbornly tight US labor market: The company is now paying closing costs for general managers purchasing their first homes.
The just-introduced benefit covers as much as $10,000 of costs. Raising Cane’s is also paying workers on a weekly basis, up from biweekly, and is raising minimum pay for hourly managers to $18 an hour from $15.