Remove 2020 Remove Insurance Remove Recruiting
article thumbnail

Leveraging POS Systems to Future-Proof Your Restaurant and Maximize Profits

Modern Restaurant Management

To set your business apart when it comes to recruiting and retaining staff, look to payroll and benefits technology. Additionally, many restaurants are expanding to include traditional benefits such as health insurance and retirement savings plans. For reference, the top four U.S. food delivery companies brought in roughly $5.5

POS 539
article thumbnail

Despite Improved 2024 Outlook, Labor, and Other Risks May Drag Restaurants Down

Modern Restaurant Management

Another growing risk: nuclear verdicts over dram shop law violations, driving up the costs of liquor liability insurance. Quick service, fast casual and bars and taverns have exceeded where they were in February 2020. One of the impacts will be on employment practices liability insurance in 2024. Here’s an overview.

2024 294
Insiders

Sign Up for our Newsletter

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

article thumbnail

National Restaurant Association: We Need Help!

Modern Restaurant Management

” The Association proposed three separate categories of protection for industry restaurants and employees: directed/targeted financial relief; loans/insurance options for impacted small businesses; and tax measures. Loans/Insurance Options for Impacted Small Businesses. Federal Loan Program Equal to Lost Revenue.

Insurance 432
article thumbnail

Restaurant Staffing Crisis Solutions: Experts Weigh In

Modern Restaurant Management

According to the latest Yelp Economic Average (YEA) report, there were more new businesses openings than at any other period over the last 12 months and business reopenings are at the highest level since the second quarter of 2020. Provide great benefits, 401k, life insurance, etc. ” One way to do so: increase menu prices.

article thumbnail

MRM Research Roundup: Holiday Spending, Franchise Optimism, and Pickle Energy

Modern Restaurant Management

Restaurant leaders expect waves in the year ahead, with 32 percent pinning recruitment and retention as their top challenge, 27 percent most concerned about rising food costs, and 21 percent flagging sales volume as the main hurdle. an hour in January 2020, a 28 percent increase. an hour including tips and base wages. and $21.44

Franchise 221
article thumbnail

MRM Franchise Feed: Kitchen of the Future, Restaurant Sherpas and Dunkin’ Hirin’

Modern Restaurant Management

To shine the spotlight on the immediate opportunities that exist for all Americans to find employment at franchised restaurants of an iconic brand that holds a unique place in people’s daily lives, Dunkin’ is launching its first-ever national advertising campaign aimed at recruitment.

Franchise 420
article thumbnail

What is a PEO and How Can It Help Your Business?

Hot Schedules

Employee turnover in the hospitality and retail industries is notoriously high, but PEOs can help small- and mid-sized businesses recruit and retain talent. Depending on your CSA, here are a few benefits a PEO could provide your employees: Group health insurance. Dental, vision, and life insurance. 401k plans. read more.