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Alumni Experiences Other Articles Fall 2001 Fall 2015
Fast-casual eateries like Shake Shack and Chipotle are gobbling up the fast-food market with sizzling IPOs and serious devotion from millennials. While these newcomers are racking up social media likes, older giants are trying to reconnect with hungry people in the digital age.
Debt: it’s a financial swear, and its influence reaches almost everyone. As if continually heralded by fluorescent warning signs, we’re counseled to “stay out!” But we’re not heeding that advice: American consumers collectively owe more than $11 trillion.
I own two small companies. It’s hard to pay myself benefits, let alone all my employees. The first thing to look at is making sure they are paid a competitive wage, then add vacation/holidays and keep within reason. Next, they might need health insurance, but if the spouse is working elsewhere and is covered, we can sometimes eliminate it. Finally, you might look at adding tax deferred savings plans and insurance. Since both my companies are retail, we offer very steep discounts to employees. It has been my experience that most people working for small companies do not expect superb benefits. Also, in order to keep costs down, you must do a lot of shopping.