Employee benefits cut turnover for Chattanooga Steak 'n Shake franchise

[SharonAnn]

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/

[Kurska]

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

It is amazing what GOOD PR does.

[adieu]

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.

[Kurska]

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

[Skittles]

2. Employees treated right help grow a healthy business

OMG, who woulda thunk it?

[Honeycombe8]

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?

[realgreen]

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

[calimary]

6. Welcome to DU, realgreen!

Glad you're here! And Merry Christmas!

[SoapBox]

7. What you said, realgreen!

[Patiod]

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"

[calimary]

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

Great quote. I'm gonna keep it!

[slampoet]

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.

[cstanleytech]

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.

[raccoon]

13. No shit, Sherlock. recd. nt