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RANDYS Worldwide Marks 40th Anniversary with New Employee Ownership Program

THE SHOPRANDYS Worldwide recently celebrated its 40th anniversary by awarding its employees with a stake in the company, the company announced.

On Feb. 15, all RANDYS full-time employees were awarded units in the company to provide an economic interest in the business as part of its new Team Ownership Program (TOP). RANDYS introduced the new program in order to share the organization’s success in ways that truly impact the well-being of its employees, the company said. By granting an economic interest in the growth of the business, the company aims to allow everyone an opportunity to benefit from the success, growth and value creation of the organization, as well as attract talent to the organization.

“We are tapping into the mentality of an owner,” says Kevin Kaestner, RANDYS Worldwide president & CEO. “The mindset where being diligent about every detail pays off, where knowing a job well done impacts the collective good of everyone in the company, and where a strong company bottom line equates to a strong personal bottom line. We want to continue to embrace the values that got us where we are today. RANDYS is celebrating our 40th anniversary this year and a number of our employees have been with us for 20+ years, so it was easy to look inward and see the value of our team members.”

“The Team Ownership Program really does further establish RANDYS as a world-class employer and is really unheard of in our industry, or anywhere for that matter. This program is in addition to RANDYS’ existing industry-leading benefits package” says Kelli Schnurman, Director of Human Resources. “There are very few companies where all employees have the opportunity to directly benefit from the growth of a company.”

This Team Ownership Program is also supported by an employee referral program, the company said. RANDYS’ “Refer A Friend” program provides an incentive to both the employee and the referral that signs on with the company.

A.J. Hecht

A.J. Hecht is the digital content editor of THE SHOP and host of the In Gear with THE SHOP podcast. Have an idea, a tip, or a question you’d like to see answered? Contact A.J. at ahecht@cahabamedia.com.

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