PowerON
Active Member
- Joined
- Mar 12, 2007
- Messages
- 11,266
- Reaction score
- 10
Things are working out quite well for Bar Marco, the Pittsburgh restaurant that eliminated tips and put their staff members on salary. In January, co-owner Bobby Fry told Eater that he planned to give his full-time employees a base salary of $35,000 a year, plus healthcare, paid vacation, and 500 shares in the company. Plus, employees would only be asked to work a maximum of 40 to 44 hours per week. According to Entrepreneur, the unconventional model is working quite well for Fry and his team — profits are have nearly tripled in two months. Weekly profits have jumped from about $3,000 per week to $9,000 per week.
> Click for full article
“You cannot tell me that your business model relies on paying people below the poverty line,” he said. “You gotta have more pride in your business than that.”