Modern Restaurant Management

JUNE 14, 2022

According to Segal and Mercer Surveys, 2021 Medical trend was 7.3 In 2021, the maximum premium that an employer could charge for healthcare coverage was 9.83 Self-insurance is not for every employer, and the components must be properly constructed to generate savings and simultaneously, manage risks. Medical Trend.

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Insurance 2022 2023 Article 183

Modern Restaurant Management

NOVEMBER 14, 2022

Odds are you understand why your auto insurance premium changes. As you age and become a less risky driver, your insurer is exposed to less risk, and your rates drop as a result. Below, we’ll explore some common drivers of bar insurance costs. Reinsurance, to put it simply, is insurance for insurers.

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Insurance Supplies Events 2020 203

Modern Restaurant Management

APRIL 23, 2024

Harassment complaints come to the Equal Employment Opportunity Commission (EEOC) from service industry workers more often than from any other sector, NPR reported in 2021. (A Society Insurance bears no responsibility for the accuracy or content of linked or cited material. Look no further.

Insurance 101

Insurance Restaurant Law 2024 Brewery 101

Modern Restaurant Management

JULY 16, 2021

For the 12 months ended March 31, 2021, their pace of digital orders was up by 207 percent, versus 98 percentthrough direct restaurant ordering. In this changing environment, the right and adequate amount of insurance protection has never been more important. Risks to Look Out For.

Management 190

Management Management Insurance Kitchen Safety 190

Touch Bistro

AUGUST 11, 2021

Minimum Wage Rates for 2021 by State. state minimum wage rates for 2021 and the planned increases: Alabama: $7.25/hour if the company provides health insurance). This information is current as of August 2021. Canadian Minimum Wage Rates for 2021 by Province. hour on October 1, 2021. hour on October 1, 2021.

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2021 Restaurant Law 2022 Seasonal Menu 98

The Restaurant Times

OCTOBER 29, 2021

In the previous articles, we talked about how to open a food truck , why your food truck needs a website and tips related to tax saving and insurance. Not just this, it could increase your insurance and maintenance costs. The post Setting Up A Sustainable Food Truck In 2021 appeared first on The Restaurant Times.

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Food Truck Sustainability 2021 Food 97

7 Shifts

MAY 17, 2022

According to a 7shifts 2021 survey , 60% of restaurant employees have left a restaurant job, and some are planning to make moves sooner rather than later. __lastoria) May 19, 2021. Benefits” is a term that usually covers the basics—a 401k and health insurance. Employees are leaving the restaurant industry in record numbers.

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Insurance Leadership Customer Experience Sports 370

Modern Restaurant Management

MAY 17, 2021

Adopting the use of digital menus and no-touch check-out limits staff-to-customer touchpoints, while automating back office operations like business insurance and payroll can help streamline operations both for front of house and back.

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2021 Front of House Back of House Hiring 162

7 Shifts

AUGUST 23, 2023

Our tip management journey started back in September 2021 with the release of our Tip Pooling feature, which covered the calculation portion of the process. 7shifts is also FDIC-insured , so you can feel confident knowing your deposits are backed by the full faith and credit of the United States Government.

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Tip Distribution Cash Management Restaurant Law Insurance 195

Modern Restaurant Management

JUNE 9, 2021

So as a restaurant owner or food service manager, how can you best minimize workers comp liability to allow summer 2021 to be the successful reopening of the economy that we are all ready for? Many states also have individual guidelines as to what is covered under workers’ comp insurance for adverse reactions to voluntary vaccinations.

Employee Relations 213

Employee Relations Management Management Insurance 213

Restaurant365

JANUARY 5, 2021

Regulations and details have not yet been released by the SBA, which is required to issue implementing regulations by January 6, 2021. The Act also redefines payroll costs to specifically include group insurance payments made on group life, disability, vision and dental insurance. Check back for updates. Check back for updates.

Insurance 148

Insurance Small Business Employee Relations 2021 148

Society Insurance

OCTOBER 19, 2022

In 2021, we saw a unique economic environment. 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.

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2022 Insurance Small Business Reference 52

Modern Restaurant Management

JANUARY 11, 2022

Another legislative initiative that affects the restaurant industry is the healthcare exchange subsidies that were included in the American Rescue Plan (“ARP”) (March 22, 2021) and are enhanced in the proposed Build Back Better (“BBB”) bill. Increasing the subsidies for lower paid applicants.

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2022 Insurance Document 2025 88

Modern Restaurant Management

JULY 27, 2023

According to a 2021 estimate by the Federal Deposit Insurance Corporation (FDIC), there are 4.5 Workers who lack access to basic financial services are subjected to paying expensive fees for things like cashing a check.

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Cash Management Insurance Customer Service Government 162

Modern Restaurant Management

MAY 18, 2022

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 Voluntary supplemental insurance plans, accident, critical illness, and hospital indemnity for example, remain popular in the restaurant sector.

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Insurance 2022 2023 Technology 213

7 Shifts

OCTOBER 31, 2023

In a study we conducted in 2021, restaurant employees rated wages as the number one reason they left or were planning to leave their jobs. They should be able to see their hourly wage, hours worked, overtime, tip breakdown, and deductions like taxes, garnishments or insurance premiums for a given pay period.

Customer Service 221

Customer Service Information Pricing Insurance 221

Modern Restaurant Management

APRIL 13, 2021

Society Insurance put together seven items restaurants should include in their sexual harassment policy. Each state’s specific requirements for 2021 can be found here. Society Insurance bears no responsibility for the accuracy or content of linked or cited material. Definition of Sexual Harassment in the Workplace.

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Insurance Restaurant Law Definition Document 180

Modern Restaurant Management

JUNE 7, 2021

An interesting dynamic occurred with the January 2021 benefit open enrollment period. Provide tools to assist non-benefits eligible employees gain access to medical coverage through the Health Insurance Marketplace, Medicaid and Medicare. This type of program can cost less than a half an hour of wages for the entire month.

Employee Relations 123

Employee Relations Insurance Cash Management 2021 123

Hot Schedules

NOVEMBER 10, 2020

There were quite a few changes to minimum wage rates over the course of the year and more to come in 2021. EEOC – The annual reporting for 2019 and 2020 has been delayed until 2021. Less than 50 and self-insured – forms 1095-B, 1094-B. Fewer than 50 employees and no insurance – no reporting needed.

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Insurance Employee Relations Restaurant Law 2021 78

Modern Restaurant Management

APRIL 13, 2022

At the end of 2021, four out of five restaurants reported facing a staffing shortage due to reduced operating hours and dining capacity. Additionally, many restaurants are expanding to include traditional benefits such as health insurance and retirement savings plans.

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POS Food Supply Mobile Ordering Point of Sale 216

Cheetah

MAY 17, 2021

Applications opened on May 3 rd 2021 and $2.7 through March 11, 2021) – (loans) For an exact calculation of your potential financial support from the Restaurant Revitalization Fund see page 7-9 of the RRF guide. Reading Time: 4 minutes. Whatever your stance on government, that has got to be a record.

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Webinar Point of Sale Food Truck Government 143

Open for Business

MARCH 1, 2023

Vaccines and relaxed pandemic restrictions in 2021 spurred restaurant owners to hire at above-average wages , but open positions remained high. 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. The gap between supply and demand continued.

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2023 Insurance Front of House Hiring 78

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.

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Front of House Back of House Cash Management Customer Experience 195

Modern Restaurant Management

DECEMBER 7, 2021

With 2021 nearly wrapped up, restaurant operators across the country are looking to the New Year with cautious optimism. No longer will it be sufficient to simply offer benefits like paid leave, childcare assistance, and health, dental and vision insurance. In short, “Why should anyone want to work for us?

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2022 Operations Recruiting Hiring 197

7 Shifts

DECEMBER 13, 2021

The State of Restaurant Employee Satisfaction in 2021. Here's what 3700 dedicated restaurant industry workers had to say: The State of Restaurant Employee Satisfaction in 2021. We are looking for] Paid time off, health insurance, and living wages.”. We could assume that we know based on our own experiences. Table of Contents.

Employee Relations 370

Employee Relations Communication Hospitality 2022 370

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 However, through 2021 and 2022, we saw that some producers who had agreed to sell coffee at lower prices abandoned their agreements to try and get a higher price at the current market rate.

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Pricing Operations 2022 Insurance 155

Sling

DECEMBER 3, 2021

For example, if employee A worked 40 hours during the pay period November 1, 2021, through November 7, 2021, you would process their hours worked during the following week, hand out their check on Friday, November 12, 2021, and compile a payroll report for 11/01 through 11/07. September 10, 2021, and September 24, 2021).

Management 146

Management Management Tip Distribution Employee Relations 146

Goliath Consulting

APRIL 7, 2021

Updates: 4/7/2021. PPP Update: The new deadline to apply for and receive a PPP loan (first or second draw) has been moved to May 31, 2021. ERC Updates: The ARP also expanded the 2021 ERC to all four quarters and increased the maximum amount of the credit. How do businesses claim this credit?

Employee Relations 88

Employee Relations Small Business 2021 2020 88

Society Insurance

AUGUST 11, 2023

According to a 2021 survey from the advocacy group Project Include , tech workers reported more instances of gender, age, race or ethnicity harassment during remote work than they experienced while working at a corporate office. To learn more about how Society can help your business, contact your local independent insurance agent.

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Recruiting Insurance Hiring Transportation 52

7 Shifts

JUNE 3, 2022

When we think about employee benefits, health insurance and retirement (401k) are top of mind. According to a study from BlackBox intelligence , 63% of restaurants offered wellness benefits in 2021, up 25% from pre-pandemic levels. The Solution: Create an employee benefits program.

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Tip Distribution Email Marketing Communication Coaching 397

Modern Restaurant Management

AUGUST 31, 2020

The appellate court affirmed a trial court’s decision that the restaurant had failed to prove that it suffered a direct physical loss of or damage to its property during the policy period, and thus the insurance company did not have to provide coverage. Legislation. USDA Previews 2020-2025 Dietary Guidelines : The U.S.

2020 164

2020 Restaurant Law Agriculture Compost 164

Modern Restaurant Management

AUGUST 16, 2021

Consumer spending at restaurants was up +32 percent in the April-May-June 2021 quarter compared to the same quarter last year, and for a pre-pandemic view, flat compared to the same quarter in 2019. As of June 2021, food service and drinking places employed 11.3 million as of June 2021, 97 percent of the 151.1 percent overall.

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2021 Guest Recovery 2019 Loyalty Program 180

7 Shifts

APRIL 6, 2020

The first half can be deferred to December 31st, 2021, and other other half until December 31st of the following year. Federal Pandemic Unemployment Compensation Individuals who are receiving unemployment insurance benefits can obtain additional funds for up to four months. CARES Unemployment Programs.

Small Business 341

Small Business 2020 Insurance Article 341

Modern Restaurant Management

AUGUST 10, 2021

Sun Life’s 2021 Stop Loss report notes that 9 of the top 10 injectable drugs were for cancer, and cancer remains as the number one high-cost claim condition as it has for 10 years. It’s also is not viable to carve Rx coverage out of a fully insured contract due to the lack of stop loss availability.

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Management Management Cash Management Healthcare 180

Modern Restaurant Management

SEPTEMBER 23, 2021

GDP by 2021 year end. 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. million people and contribute $477 Billion to the U.S.

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Franchise Franchising Front of House Food Truck 194

Goliath Consulting

JANUARY 14, 2021

Restaurants and Small Businesses may now apply for a second PPP Loan beginning January 13, 2021, thanks to the latest COVID-19 pandemic relief bill approved in late December which authorizes up to $284.5 billion for eligible businesses. How can you apply? All Second Draw PPP Loans will have the same terms regardless of lender or borrower.

Small Business 78

Small Business Document Insurance Employee Relations 78

7 Shifts

DECEMBER 4, 2020

Health insurance plan opt-in forms. Ultimate Restaurant Payroll Guide 2021 for retirement savings plans, such as a 401(k). Federal Insurance Contributions Act (FICA) taxes : Employees and employers split paying into Social Security and Medicare. Deductions for benefits like health insurance, 401(k), dental, vision, etc.

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2021 Tip Distribution Restaurant Law Insurance 370