Panda Express’s founders built... Note
Fast Company

Panda Express’s founders built a $7 billion empire. Now they’re helping 55,000 employees become homeowners

Panda Express, an empire built from a family restaurant, now employs around 55,000 people and generates $7 billion annually. Co-founders Andrew and Peggy Cherng, immigrants themselves, are dedicated to helping their employees achieve their own American dreams. Their mission extends beyond building a successful restaurant chain to empowering associates with tools for success. Homeownership, a significant milestone, is a primary focus of this initiative. The dream of homeownership has become increasingly difficult for many middle-class families and immigrants in recent years. Despite these challenges, Panda Express encourages its employees to focus on possibilities rather than obstacles. Through its Total Rewards Package, employees receive financial wellness benefits, including homebuying seminars and budgeting training. This comprehensive support system aims to ensure associates build sustainable careers and long-term financial security. This approach has proven successful, with 63% of Panda Express managers being homeowners. By aligning with team members' individual goals, Panda Express fosters strong employee retention.
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