Steak ‘n Shake, owned by Biglari Holdings Inc., announced an unprecedented move to reward its hourly workforce by offering a significant “Bitcoin Bonus.” The initiative, spearheaded by CEO Sardar Biglari, involves a bonus payment of $1,000 for qualifying full-time and part-time hourly employees. The company stated that the bonus would be delivered entirely in Bitcoin, marking one of the first major fast-food chains to directly integrate cryptocurrency into its employee compensation structure. To receive the $1,000 bonus, employees typically must meet specific tenure requirements, ensuring they were employed by a predetermined cutoff date and remained active through the payout period. This strategy serves multiple purposes: rewarding dedicated staff, combating high turnover rates prevalent in the quick-service restaurant industry, and signaling the company’s forward-thinking approach toward digital assets. Mr. Biglari has previously expressed a strong belief in Bitcoin, and this bonus system translates that belief directly into employee compensation, offering staff an immediate stake in the volatile yet potentially high-growth cryptocurrency market.
Source: Steak ‘n Shake to Pay ‘Bitcoin Bonus’ to Hourly Employees—Here’s How Much
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