Chipotle is hoping to draw extra younger staff by providing extra advantages forward of what the chain calls its “burrito season.”

The restaurant hopes to rent 19,000 new staff throughout its most worthwhile season, which lasts from March to Might. The season tends to be so worthwhile because of “seasonal components like climate and daylight,” per a Chipotle spokesperson quoted by WSJ.

However as a substitute of providing enjoyable perks like Summer season Fridays and workforce events, the chain is providing advantages which have financial worth in an try to usher in youthful staff.

Associated: Chipotle Mexican Grill Is Nonetheless A Tasty Funding

First, Chipotle introduced that it could match as much as 4% of a employee’s wage by way of 401(okay) contributions if the employee is making scholar mortgage funds.

The distinctive perk will assist encourage Gen Z staff to repay their loans whereas additionally serving to them save for retirement — a possible win-win for a era already nicely on their solution to caring about retirement, per a November 2023 Transamerica Middle for Retirement Research survey in which 66% of Gen Zers revealed that they’d began saving for retirement already.

“If the worker is paying at the least 5% of their wage towards the scholar mortgage, Chipotle will match 4% into their 401(okay),” Chipotle instructed Enterprise Insider.

All staff who’ve labored for at the least one yr and 1,000 hours are eligible.

Chipotle additionally mentioned that it could cowl six free psychological well being classes for workers who select to choose in, in addition to providing an “AI-Powered” bank card to assist younger staff with banking.

Associated: Chipotle’s Robots Can Make Virtually 200 Burrito Bowls an Hour

Although the chain has but to report This autumn 2023 earnings, Chipotle had a robust Q3 because of increased costs in eating places serving to offset the price of meals inflation, specifically on beef and cheese.

“I feel the Chipotle worth, after we have not raised costs in over a yr till this newest motion, is coming by way of, and persons are selecting to dine at Chipotle as a result of we’re very reasonably priced,” mentioned CFO Jack Hartung through the firm’s earnings name on the time.

Chipotle was up over 46% in a one-year interval as of Wednesday afternoon.