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Hiring Restaurant Employees: The CFO’s Role in Developing a Strategy

Restaurant365

Hiring restaurant employees and retaining them is no longer just an issue for the HR team. As the staffing shortage continues to negatively impact profitability, you as a CFO must play a critical role in your restaurant group’s hiring and retention strategy. Addressing the hiring crunch.

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Improve Employee Retention with Leadership Development

Crunchtime

With employee turnover rates at an all-time high and the labor market tighter than ever, restaurants are looking for ways to improve retention. From the moment a new employee is hired, you have an opportunity to teach them about leadership, giving rising stars opportunities to learn management skills before you need to promote them.

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Restaurant Accounting Concepts Every Manager Should Know About

Lavu

As the owner or manager of a restaurant, when you’re aiming to grow profitability, accounting is an area where you need to be comfortable. It might be considered the most dreaded part of running your business, but to be profitable and to manage the money, there’s no way it can be avoided. Unavoidable Restaurant Expenses. Commissions.

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How a Performance Improvement Plan Could Save You $80K

Bar and Restaurant Coach

In earlier posts, here and here , we talked about the importance of effective communication, and how owners and managers can create great alignment within their businesses to make sure the whole team is on the same page—pushing for the same goals. When it’s time to cut an employee loose – you just cut ‘em loose. Simple, right?

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How to Attract and Retain the Best Generation Z (iGen) Talent in the Hospitality Industry

Bar and Restaurant Coach

Today we’re talking specifically to Baby Boomers, Gen X, and Millennials who (for the most part) will be hiring, training, and managing this new generation. How Gen X Viewed Parenting—And How it Relates to Business. What You Need to Know When Hiring, Training, and Managing Gen Z Employees.

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Reducing Labor Costs May Not Be As Hard As You Think!

Bar and Restaurant Coach

Before you can focus your attention on what matters most, it helps to sort the myriad of “things you do” into two distinct categories—let’s call them buckets : Bucket One: Think of all the things that are directly related to delivering exceptional guest experiences; these are our core competencies. Management.

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Little Known Tax Benefits of Franchising Your Business

MBB Hospitality

While you can’t deduct personal expenses like living and family-related expenses, for things that you use for both personal and business use, you might be able to. Keep in my though that these are only applicable for you the business owner not your employees. However, you can still deduct business meals with both clients and employees.