KFC asks workers: Would you like $10,000 in shares with that?
Brisbane-based Collins Foods, which owns the licence for KFC and other major brands, will offer shares worth up to $10,000 to some of its workers.
Collins Foods Group posted surging revenue for the first half (photo: KFC)
It’s part of the company’s plan to attract and retain staff and believes it is forging new ground in the fast food sector.
The company said the plan would be open to general managers, area coaches and support staff employees at its operations in Australia and Europe.
About 400 would be eligible, which means a lot miss out. Collins Foods has about 15,000 workers around the globe.
Under the plan, eligible employees would receive service rights over a five-year period of up to a total of $10,000.
It said the rights would vest annually.
“Eligible employees will receive rights with a total value of $10,000. At the board’s discretion, one fifth of the value of eligible rights will vest by June 30 each year during the five year period, starting in June 2023, the company said.
Managing director Drew O’Malley said the eligible staff would have the right to share in the success of the company’s performance.
“We are excited to launch the ownership share plan which recognises the ongoing support and commitment of our employees to Collins Foods,” he said.
