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Tue Dec 25, 2012, 09:06 PM

Employee benefits cut turnover for Chattanooga Steak 'n Shake franchise


http://www.knoxnews.com/news/2012/dec/25/employee-benefits-cut-turnover-chattanooga-steak-n/

Debbie Richman offered health insurance for her full-time restaurant employees long before people talked about Obamacare. When the recession hit and sales declined at her chain of five Steak 'n Shake restaurants, she took out loans to keep the benefits.

She didn't just provide health insurance. She offered workers 401(k) plans for retirement, dental, life and disability insurance benefits and vacation pay.

While other Steak 'n Shake franchise owners weren't offering such benefits, she did. Now most everyone in the chain is preparing to provide health care by 2014 under requirements of the new health reform law.

Many would expect the extra costs of such employee benefits might drain her business, Debo's Diners Inc. But surprisingly, she said it strengthened the business. Employees treated right help grow a healthy business, she said.

For more details, continue reading on the Times Free Press.
http://www.timesfreepress.com/news/2012/dec/25/benefits-cut-turnover-chattanooga-steak-n-shake/

13 replies, 2599 views

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Arrow 13 replies Author Time Post
Reply Employee benefits cut turnover for Chattanooga Steak 'n Shake franchise (Original post)
SharonAnn Dec 2012 OP
Kurska Dec 2012 #1
adieu Dec 2012 #8
Kurska Dec 2012 #12
Skittles Dec 2012 #2
Honeycombe8 Dec 2012 #3
realgreen Dec 2012 #4
calimary Dec 2012 #6
SoapBox Dec 2012 #7
Patiod Dec 2012 #11
calimary Dec 2012 #5
slampoet Dec 2012 #9
cstanleytech Dec 2012 #10
raccoon Dec 2012 #13

Response to SharonAnn (Original post)

Tue Dec 25, 2012, 09:08 PM

1. I'll have to go to Steak N shake more

It is amazing what GOOD PR does.

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Response to Kurska (Reply #1)

Tue Dec 25, 2012, 10:20 PM

8. You would have to go to

Debbie's franchises, not others' franchise Steak 'n' Shake. The others may or may not offer the same bennies.

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Response to adieu (Reply #8)

Tue Dec 25, 2012, 11:07 PM

12. I believe this line

"Now most everyone in the chain is preparing to provide health care by 2014 under requirements of the new health reform law"

Addressed that

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Response to SharonAnn (Original post)

Tue Dec 25, 2012, 09:36 PM

2. Employees treated right help grow a healthy business

OMG, who woulda thunk it?

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Response to SharonAnn (Original post)

Tue Dec 25, 2012, 09:40 PM

3. That's what I think, too. Happy, loyal employees are an asset to growing a business.

High turnover and low morale just can't be good for business.

Plus, not providing benefits is just not the right thing to do. That must be worth something. What's happened to America that people don't value doing the right thing?

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Response to SharonAnn (Original post)

Tue Dec 25, 2012, 09:44 PM

4. But you'll never hear that in the media

 

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Response to realgreen (Reply #4)

Tue Dec 25, 2012, 10:00 PM

6. Welcome to DU, realgreen!

Glad you're here! And Merry Christmas!

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Response to realgreen (Reply #4)

Tue Dec 25, 2012, 10:19 PM

7. What you said, realgreen!

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Response to realgreen (Reply #4)

Tue Dec 25, 2012, 11:06 PM

11. I did actually hear that yesterday on CNBC

Story on Costco, and a very, very brief mention of (relatively) high wages + benefits and very low turnover. About 20 seconds of a one-hour piece on "inside Costco"

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Response to SharonAnn (Original post)

Tue Dec 25, 2012, 10:00 PM

5. "'Employees treated right help grow a healthy business,' she said." NICE!

Great quote. I'm gonna keep it!

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Response to SharonAnn (Original post)

Tue Dec 25, 2012, 11:01 PM

9. Dear every MBA.....Told you so you stupid fucks.

Call your old professors and tell them to retire for the sake of the USA.

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Response to SharonAnn (Original post)

Tue Dec 25, 2012, 11:05 PM

10. Alot of retail stores from WalMart

, Bi-Lo, Food Lion and assorted others across this nation should really take to heart this lesson as by continuing in their current direction of screwing over employees at the store level now they risk long term problems as their customer service goes to pot all because they dont treat their employees better.

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Response to SharonAnn (Original post)

Wed Dec 26, 2012, 11:50 AM

13. No shit, Sherlock. recd. nt

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