McDonald's
World's best known
fast-food chain.
Headquarters:
McDonald's Plaza
Oak Brook, IL 60523
Employees: 1,700,000 worldwide
CEO: James Skinner
Stock Symbol: MCD
Website:
http://www.mcdonalds.com
Career Site
McDonald's is the world's best known fast-food chain. With its familar golden arches logo, McDonald's has over 33,000 restaurants worldwide serving Big Macs, Chicken McNuggets, hamburgers, salads, coffee and french fries.
Most restaurants offer drive-thru service
and some suburban locations offer outdoor playgrounds for children.
Approximately 80% of McDonald's restaurants are operated by independent franchisors. The number of restaurants in the U.S. has reached saturation and most new McDonald's are now being opened in Europe, Middle East and Asia. The company says it serves over 64 million customers in 119 countries each day.
In order to be considered as a McDonald's franchisee, an individual must have at least $500,000 in personal financing. There are about 2,400 owner/operators systemwide. Many franchisees own multiple restaurants.
McDonald's has been trying to boost sales by keeping restaurants open 24 hours a day. An estimated 30% of store revenue comes from breakfast sales.
The company also offers free wi-fi access in many restaurants.
There are 2,800 employees at corporate headquarters which provide support functions for restaurants.
In 2011, the company reported revenues of $27.0 billion, a 12% increase. Net income was $5.5 billion. Sales at company restaurants make up 2/3 of total revenue. Global sales increased 5.6%.
The company introduced Chicken McBites at U.S. restaurants in January which feature tiny fried pieces of chicken.
CEO Jim Skinner said, "As we begin 2012, we are intensifying our efforts toward the global priorities that represent our greatest opportunities under the Plan to Win – optimizing and evolving our menu, modernizing the customer experience and broadening accessibility to our Brand. In 2012, we plan to invest about $2.9 billion of capital – roughly half dedicated to opening more than 1,300 new McDonald's restaurants and the other half allocated to investing in our existing locations, including the reimaging of over 2,400 restaurants."
McDonald's announced it will extend its Olympic sponsorship through 2020.
History
The first McDonald's restaurant was located
in San Bernardino, CA in 1954 and operated by two brothers Dick
and Mac McDonald. Ray Kroc, a milk shake machine salesman, thought
the restaurant was great and purchased the rights from the brothers.
Kroc opened his first McDonald's restaurant in Des Plaines, IL
in 1955 and preached cleanliness in restaurants.
McDonald's would grow quickly as it signed
on franchisees to open restaurants around the country. McDonald's
would go public in 1965.
The Big Mac was introduced systemwide in
1968 and was the brainchild of Jim Delligatti, one of Ray Kroc's
earliest franchisees, who by the late 1960s operated a dozen
stores in Pittsburgh.
The Egg McMuffin was developed by owner
operator Herb Peterson in 1973.
McDonald's sold the Boston Market restaurant
chain in 2007 and owns a stake in Chipotle Mexican Grill.
McDonald's launched a new coffee kiosk in 2009 in most of its restaurants called McCafe featuring premium coffees including mochas, capuccinos and hot chocolate.
An estimated 10% of all workers have once worked at McDonald's in their lifetime.
Benefits
The following benefit information is primarily
for corporate employees.
Employees receive medical, dental and vision
coverage along with life insurance.
Base pay and incentive pay is offered if
corporate, regional or division offices meet their annual goals.
Top performers can also receive additional incentive pay.
Vacation, holidays
- McDonald's offers paid vacation for corporate, region and division
office employees as well as Restaurant Management employees.
The amount of vacation time employees have available depends
on how long they have worked at McDonald's. In addition, McDonald's
offers nine paid holidays (less for part-time workers) for eligible
employees.
Sabbatical program
- Eligible employees can take an eight-week sabbatical for every
10 years of full-time continuous service with the company.
Short Fridays
- From mid-May through mid-September, McDonald's corporate, division
and region offices' work hours begin a half hour early in order
to end early (1:00) on Fridays.
Profit Sharing and Savings Plan - Profit Sharing and Savings Plan lets employees
save from 1% to 50% of their pay on a tax-deferred basis in the
401(k) feature of the plan. McDonald's matches employee contributions
with $3 for each $1 of the first 1% of pay they contribute, and
$1 for each $1 on the next 4% they contribute. For employees
who contribute at least 1% to the plan, McDonald's may make a
discretionary profit sharing match of up to 4% of pay to their
401(k) accounts. Employees are always 100% vested in their contributions
and the company matches.
Mc$ave
- Mc$ave is a special money market fund for McDonald's employees.
Money put into Mc$ave is invested in the Prime Reserve Fund managed
by T. Rowe Price.
Updated February 4, 2012
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