Raising Cane’s Offers to Pay Managers’ Home-Closing Costs

Raising Cane’s, a fried-chicken restaurant with about 700 locations, is touting a new benefit amid a stubbornly tight US labor market: The company is now paying closing costs for general managers purchasing their first homes.

The just-introduced benefit covers as much as $10,000 of costs. Raising Cane’s is also paying workers on a weekly basis, up from biweekly, and is raising minimum pay for hourly managers to $18 an hour from $15.

A Raising Cane’s restaurant

Source: Raising Cane’s/PR Newswire

Recruiting and retaining enough staff has become a constant struggle for restaurants. The labor market has remained tight despite the Federal Reserve’s recent rate hikes, ...