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Shake Shack

Headquarters: 24 Union Square East, Fifth floor
New York, NY 10003
Employees: 1,680
CEO: Randy Garutti
Website: http://www.shakeshack.com

Stock Symbol: SHAK

Career Site

Shake Shack is a restaurant chain serving a classic American menu of premium burgers, hot dogs, crinkle-cut fries, shakes, frozen custard, beer and wine.

The domestic menu includes a variety of signature items, such as the ShackBurger, SmokeShack, Shack-cago Dog, 'Shroom Burger, seasonal frozen custard, hand-spun shakes, concretes, ShackMeister Ale and Shack Red and Shack White wines.

The original Shake Shack in Madison Square Park in NYC is known for its long lines during summer months.

There are currently 63 Shacks in nine countries and 34 cities. A typical location is 3,000-3,500 square feet with room for 80-100 guests.

Shake Shack went public on February 4, 2015 on the NY Stock Exchange for $21 per share.

As of December 31, 2014, the company had approximately 1,680 employees, of whom approximately 1,450 are hourly team members, 160 are Shack-level managers and 70 are home office personnel.

The company reported total sales of $112.0 million in 2014 and net income of $2.11 million.

History

Founded by Danny Meyer's Union Square Hospitality Group, Shake Shack first started from a hot dog cart in Madison Square Park in Manhattan to support the Madison Square Park Conservancy's first art installation. The cart was quite the success, with Shack Fans lined up daily for three summers.

In 2004, the bid was won to open a permanent kiosk in the Park: Shake Shack was born. This modern day "roadside" burger stand serves up the most delicious burgers, hot dogs, frozen custard, shakes, beer, wine and more. An instant neighborhood fixture, Shake Shack welcomed people from all over the city, country and world who gathered together to enjoy fresh, simple, high-quality versions of the classics in a majestic setting.

Benefits

Shake Shack is proud to offer all qualified employees a package of employee benefits including; Medical, Dental and Vision Insurance, Transit Discount program, 401k, Flexible Spending, Direct Deposit, Corporate Fitness Discount programs and an Employee Dining Program.

Medical: Each of our PPO plans is designed to help you meet your healthcare needs and manage expenses for you (and your dependents) including the option to use in-network or out-of network providers. Our medical insurance offers three different options to employees with Shake Shack sharing the cost of the premium with enrolled employees.

Dental Insurance: Shake Shack offers two dental policies: an in-network plan, and an out-of-network plan. We cover 100% of the cost of the "In Network" Plan for you (an individual plan) or we will apply a set dollar amount per month to the cost of your plan if you choose to add dependants or to go out-of-network using the Preferred Provider Organization (PPO) plan.

Vision: Shake Shack offers a supplemental vision insurance program. The in-network plan includes an annual eye exam and a pair of glasses or set of contacts.

Transit Program: All employees are eligible to elect to set aside pre-tax dollars each month toward the cost of commuting. You may choose up to the Federal Allowed maximum per month and these elections are deducted pre-tax. As a result you will pay less in taxes each year.

401(k) Plan: Shake Shack offers a voluntary retirement investment plan that allows you to defer a portion of your income and use pre-tax dollars to save for your retirement. All employees who are 21 years of age or older may elect to participate after 12 months of continuous employment.

Flexible Spending Accounts: All employees who have completed 12 months of continuous, full-time employment may elect to set up Flexible Spending Accounts in January of each year. Flexible Spending Accounts allow employees to defer pre-tax income to pay for certain eligible expenses including health care costs not covered by health insurance, transportation to work, and qualified child care expenses. Flexible Spending allows you to increase the income you take home by reducing the amount of taxes you pay for qualified expenses.

Direct Deposit: We offer direct deposit of paychecks to your financial institution at no cost to you. You may sign up for direct deposit at any time.

Corporate Discount Programs: As a Shake Shack employee, you can get a discounted rate at area gyms and massage services. We hope you will take advantage of this opportunity to stay healthy and strong!

Employee Dining Program: Through this program, we hope to make dining in our restaurants a reality for all our employees. The program starts out as a discount program and adds Dining Dollars over time.

Updated April 20, 2015

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