Taco Bell promotes a robust benefits program for employees at corporate-owned stores as well. Shift Managers and above, as well as Team Members on one of Taco Bell’s medical plans, have year-round access to board certified physicians who can prescribe prescriptions via phone consultations through the Teladoc program. For all company-owned stores, there’s $5,000 in company paid basic term life insurance for Team Members. YUM! also offers a 401K plan with company-matching contributions, dollar for dollar up to 6 percent. Other benefits include: $10,000 in company-paid basic term life insurance for Shift Managers (amount increases with level); vacation of 1 to 4 weeks based on job title; and a free tobacco cessation program through KickButs.
Taco Bell unveiled its plan of 100,000 new jobs by 2022 in fall 2016. It lined up with the chain’s goal of 200 store openings annually, and 8,000 stateside, 9,000 globally, within the next four years.
All Taco Bell corporate and franchise employees have access to Guild’s academic and financial aid coaches and discounts to Guild’s education partners through the platform—a network of 80 online non-profit universities and learning providers, offering Bachelor’s and Master’s degrees. These programs include high school completion and English-as-a-second language, and there is also a wide selection of certificates available.
Taco Bell corporate employees, along with those at participating franchises, also have access to up to $5,250 per calendar year in tuition assistance, including books and supplies, paid up front to avoid out-of-pocket costs. All employees can also get college credit for on-the-job restaurant training, which could save an employee an additional $5,000, Taco Bell said, bringing their potential total savings to more than $10,000.
The “Start With US, Stay With Us,” platform arrived in November. Education was center to this strategy. The Graduate for Mas Program, which to that point had enrolled nearly 600,000 people, helped participants who promised to graduate gain access to resources, mentorship support, prizes, and rewards, such as scholarship.
Taco Bell closed the third quarter with an 8 percent increase of system-wide sales and same-store sales growth of 5 percent, year-over-year.