"Vesting periods are typical in corporate compensation models, where employees can be payed in part through stock options, RSUs, or 401(k) contributions. But they're pretty much unheard of for fry cooks, as is the idea of a bonus paid out through crypto. The magnitude of the bonus is also rather meager. Assuming there are 2,080 working hours in the year, and that the purchasing power of $0.21 in Bitcoin doesn't collapse, workers can look forward to collecting the equivalent of a whopping $873.60"
"According to an announcement on X-formerly-Twitter, "all hourly employees" at corporate locations will receive $0.21 in Bitcoin per hour. "We take care of our employees; they, in turn, take care of customers; and the results take care of themselves," the company declared. Of course, there's a catch. As the announcement reads, "employees will be able to collect their Bitcoin pay after a two-year vesting period," meaning workers will have to stay with the company for two full years before they can actually access their "bonus.""
Steak 'n Shake announced a Bitcoin bonus of $0.21 per hour for corporate hourly employees, payable only after a two-year vesting period. The bonus is unavailable to workers at franchised locations, which account for roughly 60 percent of restaurants. At 2,080 hours per year, the payout would equal about $873.60 after two years before conversion fees and cryptocurrency volatility are considered. Vesting is common for stock-based compensation but rare for hourly fast-food roles. The company also disclosed holding $10 million in cryptocurrency, and questions remain about whether the bonus substitutes for cash wage increases.
Read at Futurism
Unable to calculate read time
Collection
[
|
...
]