Society Insurance

OCTOBER 19, 2022

One of the ways the insurance industry mitigates the negative effects of inflation is through what’s commonly referred to as inflation guard. Inflation Guard is the automatic annual increase in property values on an insurance policy to help keep up with rising costs of construction. What Is Inflation Guard? What Is Coinsurance?

2022 52

2022 Insurance Small Business Reference 52

Modern Restaurant Management

DECEMBER 7, 2021

As operators prepare for the months ahead, four trends, in particular, are likely to emerge in 2022. No longer will it be sufficient to simply offer benefits like paid leave, childcare assistance, and health, dental and vision insurance. The second trend is the increased impact of technology in both employee and patron experiences.

2022 189

2022 Operations Recruiting Hiring 189

Modern Restaurant Management

JUNE 14, 2022

We warned that medical trend (the rate of increase in medical plans) would be increasing in 2022 and in 2023. While the existing studies indicate similar trend rates for 2022 and 2023, as mentioned above, there is growing evidence that the general inflation rate will drive even higher than forecasted medical costs.

Insurance 155

Insurance 2022 2023 Article 155

Modern Restaurant Management

DECEMBER 21, 2023

Research from 2022 found that 60 percent of employees wanted access to wages daily. – Justin Price, Vice President, Business Development, ScanSource POS & Payments Today's insurance market is the toughest in my career. Why such a “hard” insurance market? That may not be true.

2023 120

2023 2024 Insurance Employee Relations 120

Modern Restaurant Management

MAY 18, 2022

percent in 2022, down from 7.0%. In 2021, smaller plans that are often fully insured (fewer than 500 participants) saw a 9.6-percent In 2021, the difference was 0 percent and for 2022, it is forecast to be only 3.4 Consider these factors: According to PwC, medical trend is forecast to be 6.6 percent rate of increase.

Insurance 207

Insurance 2022 2023 Technology 207

Modern Restaurant Management

NOVEMBER 16, 2022

Restaurants are still suffering from a labor shortage – according to the National Restaurant Association , as of September 2022 “eating and drinking places [were] still 560,000 jobs (or 4.5%) below their pre-pandemic staffing levels – tops among all U.S. industries.”

Retail 221

Retail Hiring Recruiting Insurance 221

Perfect Daily Grind

NOVEMBER 18, 2022

points at 2022 Cup of Excellence Brazil. The auction will take place on 1 December 2022. Oatly reports 7% revenue increase in 2022 Q3 despite growth being “below expectations” The oat milk manufacturer downgraded its full-year 2022 revenue forecast by US $100 million. in October 2022. in the same month.

2022 122

2022 Franchise Franchising Point of Sale 122

Modern Restaurant Management

APRIL 13, 2022

Additionally, many restaurants are expanding to include traditional benefits such as health insurance and retirement savings plans. Now that the industry has come to understand the new struggles the pandemic has caused, many are using 2022 to transition into adopting new technology that will future-proof their business.

POS 191

POS Food Supply Mobile Ordering Point of Sale 191

Modern Restaurant Management

NOVEMBER 24, 2021

To help operators move forward, let’s take a look at some of the challenges the industry has experienced in 2021 and how they can come out on top in 2022 and beyond. These include sign-on bonuses, higher wages and the offering of health insurance. Labor Shortages. Food Shortage.

2021 183

2021 Food Supply Food Truck Supplies 183

The Restaurant Times

AUGUST 5, 2022

But how can you retain employees, and if you can’t retain them, how do you hire new ones in 2022? Additionally, many fast-food employees quit their jobs because they lack perks like paid sick time or health insurance. The post How To Hire And Retain Restaurant Staff In 2022 appeared first on The Restaurant Times.

Hiring 52

Hiring 2022 Recruiting Employee Relations 52

Perfect Daily Grind

NOVEMBER 13, 2022

From early 2021 through until mid-2022, coffee prices increased steadily – with arabica futures reaching a ten-year high of US 258.95 cents/lb in February 2022. One industry expert tells me that Colombia in particular experienced this in mid-2022. This is known as strategic defaulting.

Pricing 155

Pricing Operations 2022 Insurance 155

Modern Restaurant Management

FEBRUARY 26, 2021

FDA Announces 2024 Compliance Date for Food Labeling Regulations : On January 4, the Food and Drug Administration announced that it would set January 1, 2024 as the uniform compliance date for final food labeling regulations that are issued in calendar years 2021 and 2022.

2021 123

2021 Food Safety Insurance Uniforms 123

Modern Restaurant Management

JANUARY 28, 2024

The annual Data Privacy Day on January 28 and Data Privacy Week on January 21-27 this year (with 2022 marking the first occurrence) is a national effort by the National Cybersecurity Alliance to empower individuals and businesses to respect privacy, safeguard data and enable trust. Notify your insurance agent or carrier.

Loyalty Program 98

Loyalty Program Small Business Insurance Restaurant Law 98

Open for Business

MARCH 1, 2023

There were an average of 500,000 more job openings than new hires in the hospitality sector per month between October 2021 and March 2022. Still, restaurant operators continued to fill open positions in 2022, finishing the year with 24 months of job growth in a row. The gap between supply and demand continued.

2023 78

2023 Insurance Front of House Hiring 78

7 Shifts

DECEMBER 13, 2021

What Will Make Restaurant Employees Happier in 2022? As evidenced by our 2019 employee survey , a lot of what employees want in 2022 has been brewing for a while. What Will Make Restaurant Employees Happier in 2022? We are looking for] Paid time off, health insurance, and living wages.”. Employees Are Leaving. Appendices.

Employee Relations 370

Employee Relations Communication Hospitality 2022 370

EATER

MAY 24, 2022

pic.twitter.com/VCDpfOgYro — Roy Wood Jr- Ex Jedi (@roywoodjr) May 23, 2022. pic.twitter.com/T8PMvuugqA — Dr. Haddassah's black table (@DreazyBK) May 23, 2022. In January 2022, Walmart halved PTO for employees who test positive for COVID. Part-time hourly workers do not receive any paid maternity leave.

2022 104

2022 Retail 2020 Social Media 104

Touch Bistro

AUGUST 11, 2021

Planned increase on January 1, 2022. Planned increase on January 1, 2022. hour for businesses with 26 or more employees on January 1, 2022. Planned increase on January 1, 2022. hour on July 1, 2022 and $15.00/hour Planned increase on January 1, 2022. Planned increase on January 1, 2022. Alaska: $10.34/hour.

2021 98

2021 Restaurant Law 2022 Seasonal Menu 98

7 Shifts

SEPTEMBER 19, 2022

For restaurant employees added in the past year (August 2021-August 2022), the average employee tenure is just 110 days —a little over three months. This data study analyzes trends and data from August 2021 to August 2022, over 635,000 restaurant employees in the United States. Pet insurance. Offer tailored, valuable benefits.

Front of House 195

Front of House Back of House Cash Management Customer Experience 195

Society Insurance

AUGUST 11, 2023

How Remote Work Can Help Organizations Become More Diverse Preferences for Hybrid and Remote Work A 2022 report by software firm Slack reported that 81% of Black, Asian and Asian American, and Hispanic workers prefer hybrid or remote work. To learn more about how Society can help your business, contact your local independent insurance agent.

Recruiting 52

Recruiting Insurance Hiring Transportation 52

7 Shifts

APRIL 6, 2020

Social security payroll tax payments deferral Restaurant owners can defer the payment of their share of the SOcial Security Payroll taxes until the end of 2022. Federal Pandemic Unemployment Compensation Individuals who are receiving unemployment insurance benefits can obtain additional funds for up to four months.

Small Business 341

Small Business 2020 Insurance Article 341

Modern Restaurant Management

APRIL 30, 2021

From January 1, 2021, through December 31, 2022, businesses can deduct 100% of their food or beverage expenses paid to restaurants if the business owner is present when food or beverages are provided, and as long as the expense is not extravagant under the circumstances.

2021 152

2021 Allergens Restaurant Law Employee Relations 152

7 Shifts

NOVEMBER 18, 2022

FICA, or the Federal Insurance Contributions Act , refers to the Social Security and Medicare taxes deducted from each paycheck. As of 2022, 43 states plus the District of Columbia and Puerto Rico allow tip credits. FICA Tip Tax Credit for Employers. What is the FICA tip credit? This also includes service charges or automatic gratuity.

Cash Management 195

Cash Management Restaurant Law Back of House Customer Service 195

EATER

DECEMBER 14, 2022

From major chains like Starbucks to mom-and-pop spots, 2022 was a big year for worker-led labor action In 2022, after two years of working on the frontlines of the COVID-19 pandemic, workers across the country made clear that they’d had enough, and walked off the job. Marylu Herrera /Eater.

2022 96

2022 Restaurant Law Insurance Food Safety 96

Hot Schedules

MARCH 31, 2020

Businesses may defer payment of employer payroll taxes imposed between the enactment of this law and December 31, 2020 , with half of the deferred taxes due by December 31, 2021 and the rest due by December 31, 2022. Impact on Unemployment Insurance. Click here for details and analysis prepared by Steptoe & Johnson.

Website Management 120

Website Management Employee Relations Insurance Small Business 120

Modern Restaurant Management

JANUARY 28, 2020

restaurant delivery revenues are expected to reach nearly $80 Billion by 2022 and digital ordering and delivery has grown 300 percent faster than dine-in traffic since 2014. If you’re wondering whether delivery is good for your concept, the short answer is yes. Projected U.S. Need more proof?

Delivery 185

Delivery Consumer Goods Online Ordering Customer Service 185

Open for Business

MARCH 1, 2023

The average hourly rate for US restaurant workers increased by 20% between 2020 and 2022 , rising from $16.65 In Nevada, starting in July 2023, the minimum wage will depend on whether or not an employee receives or is offered qualifying health insurance. Rising wages reflect this pressure.

2023 78

2023 Restaurant Law Front of House Cash Management 78

The Restaurant Group

SEPTEMBER 16, 2020

The COVID-19 restaurant trends seen now will likely continue well into 2021 and perhaps even 2022. Whatever the reason, likely a combination of these, it is unlikely that this shift will reverse before 2022. Now more than ever, health insurance is essential to employees’ wellbeing. Restaurant Industry Trends.

Online Ordering 148

Online Ordering Delivery Point of Sale Customer Service 148

Open for Business

NOVEMBER 21, 2022

DoorDash’s revenue increased by 33% in the third quarter of 2022 compared to 2021, according to the Wall Street Journal. Get the right permits, insurance, licenses, and certifications. Liability insurance. The mania for delivery drives the continued success of ghost kitchens. Generally speaking, it will include things like.

Social Media 78

Social Media Email Marketing Food Truck License 78

Modern Restaurant Management

APRIL 6, 2023

billion in 2022 to over $16.9 The start of spring this month also signals the start of flood season – the natural disasters that account for 90 percent of all natural disaster damage, according to the American Red Cross. Additionally, annual costs to repair or replace damaged buildings could grow by roughly 25 percent from $13.5

2022 184

2022 Hiring Design Bar 184

EATER

AUGUST 24, 2022

In a letter workers were given about an hour after they clocked in that day , Amy’s Kitchen announced that employees would be “relieved of their duties” effective July 19, the following day, and that the plant would close on September 16, 2022. Once a worker receives 15 points, they are fired,” reports NBC.

Kitchen Safety 145

Kitchen Safety Employee Relations Food Safety 2022 145

EATER

JULY 7, 2023

A November 2022 receipt from Jon & Vinny’s, reviewed by Eater, is printed with a lengthy disclaimer that the 18 percent service fee it charges is not a tip, and “enables the restaurant to provide equitable wages to all of our employees.”

Front of House 93

Front of House Back of House Customer Service Restaurant Law 93

EATER

AUGUST 16, 2023

At the end of 2022, I shut down Proteau, the nonalcoholic drinks company I started. My COO stayed on, unpaid but on the company’s health insurance plan for another year, while we had to let the brand ambassador go in the middle of the summer of 2020. I never secured additional funding. It’s easy to characterize this as a failure.

Point of Sale 91

Point of Sale Front of House Back of House Online Ordering 91

Restaurant365

MARCH 26, 2020

Restaurant operators can use the funds for payroll, rent or mortgage payments, utility charges, and insurance premiums. Social Security payroll tax will be due on December 31, 2021, and the remaining half will be due on December 31, 2022. times their monthly payroll, based on prior year numbers or $10 million, whichever is less.

Small Business 147

Small Business Download Document Online Ordering 147

Apicbase

AUGUST 17, 2022

Between 2022 and 2029, the market will grow more than twice its size (reaching heights of 320 billion ). Get Cybersecurity Insurance. As a restaurant, you’ve probably already spent lots of money on insurance. Insurance can help you to reconstruct lost information, as well as cover any legal fees.

Email Marketing 52

Email Marketing Insurance Small Business Customer Service 52

EATER

APRIL 7, 2022

Jobb noted Amy’s “explosive, unprecedented growth; we’re talking hundreds of millions in terms of growth,” and that the company is poised to continue growing in 2022. Now some workers for a family of four have to pay close to $800 a month for very horrible medical insurance that’s very restricted,” he said.

Kitchen Safety 125

Kitchen Safety Food Safety Certification Consumer Goods 125

EATER

JUNE 22, 2023

Earning praise from critics and restaurant industry lifers alike, the show offered a fresh portrayal of the business, one that was both loving and unflinching.

Fine Dining 98

Fine Dining Seasonal Menu Cash Management Dine-in 98

Modern Restaurant Management

SEPTEMBER 23, 2021

Transparent and self-guided sales processes have already begun to dominate a multitude of industries, including everything from buying houses on platforms like Zillow and cars on Carvana to shopping for insurance and more. ” Perhaps anything less than what St.

Franchise 170

Franchise Franchising Front of House Food Truck 170