OAK BROOK, Ill., April 4, 2011 /PRNewswire/ -- McDonald's and its franchisees are looking to hire up to 50,000 new crew and restaurant management positions at restaurants across the country during a hiring event on April 19. The one-day event will seek to bring in and hire a combination of both full and part-time positions in close to 14,000 U.S. restaurants.
"Our restaurant employees are the foundation of our business. They are the men and women who interact with our customers every day, enhance the McDonald's experience, and continue to help make our business strong," said Jan Fields, President, McDonald's USA. "Our national hiring event is an opportunity to invite more people across the country to join our team, and learn that a McJob is one with career growth and endless possibilities."
For a more detailed snapshot on the national hiring event, McDonald's drew on research extrapolated from McDonald's company-owned restaurants and compiled by Dr. Dennis Tootelian, who studies business trends and policy at the Center for Small Business at California State University, in Sacramento. His research, which estimates the potential impact of this additional hiring, presents a compelling argument for the value of fast-food, and specifically McDonald's, to the U.S. economy.
The investment around the target hiring of 50,000 employees is estimated that:
- McDonald's and its franchisees will spend more than $518 million more in wages and salaries in the coming year, an average of more than $1.4 million every day.
- More than $41.5 million in training will be invested in the company's new workforce – instilling life-long business and customer service skills as well as setting employees up for success in current and future opportunities.
- The addition of 50,000 potential hires translates into $54 million more in payroll taxes contributed to the broader economy.
- Using a statistical multiplier effect, 50,000 new workers will generate almost $1.4 billion in annual spending – more than $3.5 million per day.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV