Burger King Company - Edited

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Burger King Company

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Burger King Company

Burger King Corporation is one of the leading fast-food chains in the US and the entire

globe. In the US, it is only second to McDonaldDonald's. Burger King organization franchises

over 10400 restaurants all over America. The fast food chain serves a customer base of about

15.8 million daily and sells over 2.4 billion hamburgers yearly (Burger King Inc., 2023). The

organization was founded in 1954 in Florida. Currently, the Burger King corporation is owned

by 3g capital. However, 90% of Burger King stores are owned and run by independent

franchisees. Employees are a significant part of the Burger King's success (Mclamore, 2020).

They are the organization's main assets since they deal with the customers by providing services

and products. Therefore, to leverage the best out of its employees, the organization adequately

compensates them to motivate them and increase their job satisfaction. The paper discusses

Burger King's compensation plan and benefits that the employees can enjoy.

Compensation Plan Applied in Burger King Corporation

A compensation plan is a payment package fashioned to attract and retain employees.

Since the Burger King Corporation values its employees as its main asset, they have incorporated

a comprehensive compensation plan which includes multiple benefits, bonuses, perks, and

retirement investments to ensure that its employees feel valued and motivated and to increase job

satisfaction (Burger King Inc., 2023). Therefore, the Burger King Corporation compensation

plan includes Hourly wages, performance-based bonuses, leadership salaries, and stock options.

Hourly wages recognize the employee's value. The organization offers its employees a

competitive hourly compensation of 10.47 dollars per hour. The hourly wages compensation plan

at Burger King is usually offered to lower-level employees who are not actively participating in
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the organization's leadership or management. Besides the hourly wages, the employees are also

given bonuses for increased performance (Anriyani et al., 2023). The bonuses are rewards for

achievements and performance. Therefore, Burger King Corporation incentivizes high-quality

performance via bonuses. This motivates the employees, increases job satisfaction, and boosts

the organization's overall performance.

The burger king corporation also utilizes a salary-based compensation plan, especially for

leadership and administrative positions to encourage leadership and stability among the

management. Under the salary-based compensation plan, employees are usually paid a fixed

salary regardless of the hours worked (Mclamore, 2020). The compensation plan is utilized for

the corporation to stabilize and to provide the manager and administration staff some sense of

security, allowing them to commit to leadership functions and efficiently supervise or oversee

the company's operation. Employees are also offered paid leaves and vacation days.

Burger king corporation also uses stock options as a form of the employee compensation

plan. The stock option compensation plan is usually offered to high-level staff, which allows the

employees to become the organization's shareholders at a predetermined price. This provides the

employees with an opportunity to benefit from the fast-food chain company's success.

The Kinds of Benefits Can Its Employees Enjoy While Working at Burger King

Corporation

The benefits offered at Burger King organization are comprehensive and diverse. The

particular benefits may differ based on whether the employee is a full-time or a part-time

employee. Also they also vary for a managerial position. The benefits package is fashioned to

individual roles and includes medical insurance. The health and insurance benefits encompass
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vision insurance, long-term disability insurance for disabled employees or employees who get

injured on duty, life insurance, and general insurance. Retirement and financial benefits are also

components of the organization's compensation plan, where the organization offers employer-

funded retirement plans to workers to help secure a steady flow of income later in life. The

organization provides defined pension plans and defined contribution pension plans. Employees

who retire with defined benefit retirement plans receive a fixed sum after Retirement (Burger

King Inc., 2023). The company also offers a 401 plan. Other benefits that Burger King offers

include 50% off the employee’s food and drinks, gym discount, paid training, military leave,

parental leave, retail discount, employee assistance programs, and incentive schemes.

In conclusion, Burger King Corporation is one of the leading fast-food chains in the US

and the entire globe. The fast food chain serves a customer base of about 15.8 million every day

and sells over 2.4 billion hamburgers every year worldwide. Therefore, the corporation has

numerous employees. Employees are a significant part of Burger King's success and are

considered the main assets. Therefore, they are well compensated to ensure optimal productivity.

The organization has several employee compensation plans, including Hourly wages,

performance-based bonuses, leadership salaries, and stock options. Employees at Burger King

enjoy multiple benefits such as health and insurance benefits, Retirement and financial benefits,

employee food and drinks, gym discount, paid training, military leave, and parental leave, among

others.
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References

Anriyani, S., Pambudi, J. E., & Febrianto, H. G. (2023). Analysis of Organizational Citizenship

Behavior with Quality of Work Life and Compensation as Stimulus Variables.

SCIENTIA: Social Sciences & Humanities, 2(1), 250–257.

https://doi.org/10.51773/sssh.v2i1.159

Burger King Inc. (2023). Benefits. Burger King. https://careers.burgerking.co.uk/benefits

Mclamore, J. (2020). Burger King. Mango Media.

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