Remove Employee Relations Remove Hiring Remove Insurance Remove Small Business
article thumbnail

Health Insurance Requirements for Small and Medium Businesses

Hot Schedules

Health Insurance Requirements for Small & Medium Businesses. How offering affordable health benefits to your employees can work wonders for recruiting and retention. H ealth insurance is one of the most important benefits an employer can offer, regardless of size. In contrast, more than 97 percent of U.S.

article thumbnail

An Insider’s Advice About Restaurant Insurance: Six Ways to Reduce Your Costs

Modern Restaurant Management

Restaurant insurance is complicated. Just as owners have to play many roles in management, marketing, and menus, their insurance has to protect their finances, patrons, and employees. And who has the time to read a 100-page insurance policy?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

The restaurant business is one of the most competitive industries, and this shows in the fact that only 20% of restaurants succeed in the market. Your restaurant expenses may vary depending on various factors, such as the equipment you use, your business location, the size of your operation, and whether you own or rent your commercial space.

article thumbnail

Employee Retention: How To Retain Employees For Small Businesses

Sling

Employee retention should be high on every manager’s priority list. If it’s not, you run the risk of your best employees leaving for greener pastures. But an employee leaving doesn’t just impact you, the manager. It can also cause ripples throughout your business as a whole. Strategies To Improve Employee Retention.

article thumbnail

Invest in Employees with Affordable Health Care

Modern Restaurant Management

Lack of health insurance isn’t considered one of the major reasons the hospitality industry has, according to the U.S. ” To me, that says employees aren’t feeling valued by the owners and managers of their restaurants. Many of the employees tell me that they appreciate that mental health is covered as well.

Insurance 120
article thumbnail

Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping

7 Shifts

Bookkeeping is one of the most essential aspects of any restaurant business. After all, a small, honest mistake can accumulate over time and turn into bigger operational problems— 17% of restaurants even fail in their first year due to mismanagement of finances. If that isn’t possible, then go for alternatives.

article thumbnail

PPP Loans 2021: A Guide for Restaurants

7 Shifts

President Biden recently prolonged the PPP loan deadline to May 31, 2021 , giving small businesses a few additional weeks to submit their applications. These SBA loans have the potential for complete forgiveness, which essentially means the Small Business Administration (SBA) is giving your business a tax-free grant—aka, free money.

2021 195