article thumbnail

MRM Research Roundup: Mid-December 2019 Edition

Modern Restaurant Management

While restaurant sales were lower for November of 2018, November of 2019 did not include the same holiday headwinds. Finding and retaining employees remain among the biggest obstacles operators struggle with. Additionally, turnover rates for restaurant employees and managers continue to be at all-time highs. First, at 2.1

2019 128
article thumbnail

Surviving Disruption: How New COVID-19 Legislation Can Assist the Restaurant Industry

Modern Restaurant Management

The program was created to help small businesses (fewer than 500 employees) with funds to pay up to eight weeks of payroll costs, including benefits. times the average monthly payroll costs during a specific period (calendar year 2019 for most). $10 Employee Retention Credit. the maximum per-employee credit is $5,000).

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

2019’s AB 5 Battle of California

Modern Restaurant Management

The worker is free from control and direction of the hirer in relation to the performance of the work, both under the contract and in fact; AND. This shift in access has in turn caused a shift in the way restaurants design their space and plan their business operations. All good things an employee should have, right?

2019 139
article thumbnail

MRM Research Roundup: Mid-September 2021 Edition

Modern Restaurant Management

In a survey of 4,079 small business owners conducted from 8/15 to 9/13/21, 66 percent reported having a "very difficult" time finding the right employees to fill open roles, many of which are necessary to help them drive revenue and rebound. In July, 47 percent couldn't hire enough employees. Dining Trends in Canada.

2021 178
article thumbnail

What the Stimulus Bill Means for Restaurants

Modern Restaurant Management

The measures in the act are designed to incentivize keeping workers employed and businesses continuing to invest in business infrastructure and improvements. This includes payroll costs, compensation for employees making less than $100,000 annually, rent, continuation of health care benefits, and rent. with a cap of $10 million.

article thumbnail

Important Updates on the Employee Retention Tax Credit for Employers

Goliath Consulting

If you’re a small restaurant or business with 500 or fewer employees and you’ve had more than a 20% decline of gross receipts in a quarter compared to 2019, you may be interested in hearing about this latest news regarding the Employee Retention Tax Credit (ERTC). What is the Employee Retention Tax Credit? See [link].

article thumbnail

How to Leverage New Hire Tax Credits for Your Restaurant Business

Restaurant365

These credits are designed to help businesses thrive in economically challenging times. Retaining employees after natural disasters and other events. Many restaurant operators relate the CARES Act with the Paycheck Protection Program (PPP). Employee Retention Credit. What is a tax credit relative to hiring or investment?

Hiring 78