Modern Restaurant Management

FEBRUARY 3, 2022

Seventy-four percent of full service restaurants (FSRs) managed to maintain or increase their sales during the pandemic; however, profit margins in 2021 declined to 10 percent, compared to 12 percent in 2019, according to third annual State of Full Service Restaurants Report released by TouchBistro.

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Modern Restaurant Management

FEBRUARY 1, 2022

More than half of restaurant operators said it would be a year or more before businesses conditions return to normal with food, labor, and occupancy costs are expected to remain elevated, and continue to impact restaurant profit margins in 2022, according to the National Restaurant Association's 2022 State of the Restaurant Industry report.

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Modern Restaurant Management

JUNE 3, 2022

Put your marketing skills to work to recruit new talent and fill open job positions at your quick-service restaurant. While government assistance programs and widening the talent pool are one way to conquer the issue, restaurant operators can implement new strategies to help ease the labor shortage by using marketing tactics.

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Touch Bistro

JULY 4, 2021

In 2021, the restaurant industry is experiencing an unprecedented labor shortage that’s seeing worker resignations and job openings at an all-time high. million jobs – or 12% – short of pre-pandemic levels as of June 2021. Not to mention, 84% of operators said their staffing levels are lower than normal. In total, 2.5

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Modern Restaurant Management

AUGUST 10, 2021

The April 2021 Job Openings and Labor Turnover summary issued by The Department of Labor showed that restaurants added almost 350,000 new job openings since March, bringing the sector’s total number of job openings as of April to 1.34 Digitizing the order process brings speed to a restaurant’s operations.

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Modern Restaurant Management

OCTOBER 12, 2021

Recent restaurant closures, even temporary ones, help to underscore the importance of recruiting and retaining a staff. As restaurants work to recruit new workers while retaining their current staffs, solutions that offer faster, digital access to earned wages could be key.

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Modern Restaurant Management

MARCH 1, 2022

The landscape of the restaurant industry has changed forever due to Covid and the operational complexities that the pandemic introduced. Even with this good news for restaurant operators, many challenges still remain – particularly around staffing in both the front and back of the house. And according to Technomic, Inc.,

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Modern Restaurant Management

APRIL 13, 2022

As the impact of the pandemic continues, restaurants face constant and evolving operational challenges. At the end of 2021, four out of five restaurants reported facing a staffing shortage due to reduced operating hours and dining capacity.

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The Restaurant Times

MARCH 10, 2022

Now is the time for the industry players to come up with a plan to settle down the disorderliness triggered by the pandemic, which is where the restaurant operation manual comes in. This article will discuss in detail the importance of an operation manual for a successful restaurant business in the UK. Procedure for staff recruitment.

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Modern Restaurant Management

DECEMBER 14, 2021

Food and beverage sales in the restaurant and foodservice industry are projected to total $789 billion in 2021, up 19.7 In addition, 75 percent of restaurant operators say recruiting employees was their top challenge, the highest level ever recorded. Staffing Shortages Continue. Opportunities for 2022 and Beyond.

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Modern Restaurant Management

APRIL 11, 2022

According to the 2022 State of the Restaurant Industry report from the National Restaurant Association, more than half of restaurant operators believe it will be a year or more before business conditions return to normal, with one of the dominant factors being labor costs. A recent article in The New York Times cited a 5.7-percent

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Modern Restaurant Management

AUGUST 31, 2021

The report illustrates the continued impact of the COVID-19 pandemic on the restaurant industry and provides an updated look at key indicators and trends influencing the industry's recovery as of June/July 2021, including the current state of the economy, workforce, and food and beverage sales. million jobs in the first half of 2021.

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Modern Restaurant Management

DECEMBER 9, 2021

In a recent Limeade survey of people who started a new job in 2021, 52 percent of hospitality and food service workers said burnout was the top reason why they left their previous role. Flexible self-scheduling can be positioned as a great benefit to potential employees, making it a powerful recruiting and retention tool.

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Modern Restaurant Management

DECEMBER 16, 2021

Restaurant operators once again find themselves refocusing priorities and altering their plans for 2022. While sales are trending higher, the National Restaurant Association reports three in four operators say recruitment and retention is their toughest challenge. Rely on Technology to Increase Operational Efficiency.

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Modern Restaurant Management

JUNE 22, 2022

Technology enables you to reach more students without actually visiting more campuses by incorporating text recruiting, conversational AI, automation, and on-demand interviews. In 2021, 42 percent of HireVue interviews were completed outside of regular work and school hours. Be Flexible.

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Restaurant365

MAY 7, 2021

It’s all restaurant owners and operators are talking about: the current staffing challenges in the restaurant industry. And while this is good news, most restaurant operators are having trouble staffing their restaurants to meet the rising demand for on-site dining. Staffing challenges existed pre-pandemic. million jobs.

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7 Shifts

FEBRUARY 12, 2021

According to Investopedia , a restaurant will generally look to sell for about 25 to 40% of its annual operating income. The more you know about what you’re buying, the more chance you have at running a successful operation. Restaurant Recruiting During and After COVID-19. Ultimate Restaurant Payroll Guide 2021.

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Lavu

SEPTEMBER 29, 2023

This statistic is based on a survey of restaurant operators conducted in January 2023. The 2021 COVID-19 pandemic caused many people to leave the hospitality industry, and many have not returned. The restaurant labor shortage has had significant impacts on restaurant operations.

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Modern Restaurant Management

JANUARY 11, 2022

For this month’s piece, we offer some items for consideration that most directly affect operations in the restaurant sector. The key components in the ARP for 2021 and 2022 are: Extending subsidies to higher income applicants. Another item of note is the Mental Health Parity Rules, which took effect on February 10, 2021.

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Touch Bistro

JULY 18, 2021

As of June 2021, the Bureau of Labor Statistics reported that the restaurant industry was still 1.5 Finding and keeping the best back of house staff is critical to your restaurant’s success for two reasons: You need to keep your operating costs low – so you stay in business. don’t put all your eggs in one recruitment technique).

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Restaurant365

SEPTEMBER 27, 2021

September 24, 2021 by John Moody, Restaurant365 Chief Strategist and Co-Founder. The restaurant industry has historically had a high turnover rate, but owners, operators, and managers are currently facing an unprecedented labor shortage. Restaurants are struggling to hire, attract, recruit, and retain employees.

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Sling

AUGUST 9, 2023

Article Updated Date Top 12 Hotel Management Software Solutions for 2023 August 2023 How To Open a Restaurant: A Step-by-Step Guide August 2023 How To Increase Restaurant Profit Margin: A Complete Guide August 2023 Top 10 Medical Scheduling Software Tools for 2023 August 2023 The 16 Best Free Work Schedule Maker Tools In 2023 August 2023 15 Best Employee (..)

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Modern Restaurant Management

APRIL 22, 2021

How are restaurants going to compete for the level of talent needed to make a full recovery in 2021? There are also political and economic factors in play as the restaurant industry builds towards recovery in 2021, with a $15 per hour minimum wage proposal making its way through the legislature.

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The Rail

DECEMBER 16, 2022

From increased restaurant unionization to record-high inflation, 2022 was, overall, a pretty rough year for restaurant operators. Restaurant workers were often abused during the apex of the COVID pandemic in 2020 and into 2021. Meanwhile, some restaurants have had to temporarily shut down operations after outbreaks hit their staff.

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Restaurant365

JULY 29, 2021

However, many CFOs are still facing uncertainty, particularly from pandemic-related complications that are still challenging operations and restaurant profitability. Few areas of restaurant operations were immune from changes. The restaurant industry in 2021 looks significantly different from the pre-pandemic restaurant industry.

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Perfect Daily Grind

AUGUST 2, 2022

According to the National Restaurant Association’s (NRA) State of the Restaurant Industry mid-year 2021 report , some 75% of US business operators say that recruitment and retention of employees is the biggest challenge for their business. These rates are also increasing year-on-year – including in coffee shops.

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Restaurant365

APRIL 26, 2022

Restaurant staffing shortages across the industry are impacting operating hours, the customer experience, and your bottom line. However, the restaurant staff shortage has now boosted labor to the top of the operational challenges list. Without enough staff, restaurants may have to cut operating hours.

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Restaurant365

SEPTEMBER 21, 2021

September 21, 2021 by Morgan Harris, Restaurant365 Chief Customer Advocate & Co-Founder . With the right technology tools, restaurant owners and operators can leverage granular data points to make informed decisions about labor costs. Recruiting and retaining high-quality employees is a recurring issue for many restaurants.

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Restaurant365

NOVEMBER 23, 2021

Digital solutions can help restaurant operators navigate labor issues like never before. November 23, 2021 by Meredith Sandland and Carl Orsbourn. Justin Lindsey’s October 2021 LinkedIn post went viral with more than 1.5 He estimated that he needed more than 250 workers to operate the location well. million views.

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Goliath Consulting

MARCH 19, 2021

With most restaurant operators in a tighter bind to find new talent, high employee turnover has come at a greater cost. Here we suggest five operators can reduce employee turnover. One such stressor that is highly relevant in 2021 is safety concerns around COVID-19. Identify stressors and eliminate them. “For

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Hot Schedules

MARCH 11, 2021

From November 2020 to January 2021, the restaurant industry lost nearly 450,000 jobs, representing about 10 percent of the total jobs recovered during the first six months after the initial spring shutdowns, according to the National Restaurant Association. Due to spikes in cases over the 2020 holiday season, many states across the U.S.

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Employee Relations Insurance Recruiting Hospitality 78

The Food Corridor

FEBRUARY 24, 2022

The 2021 Shared Kitchen Industry Report is our second annual report into the state of the industry. It details the opportunities and challenges facing shared kitchens and is intended for current and aspiring shared kitchen operators as well as industry leaders in the food business and public sectors. Food Incubation Summit Sessions.

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7 Shifts

FEBRUARY 12, 2021

According to Investopedia , a restaurant will generally look to sell for about 25 to 40% of its annual operating income. The more you know about what you’re buying, the more chance you have at running a successful operation. Restaurant Recruiting During and After COVID-19. Ultimate Restaurant Payroll Guide 2021.

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License Equipment Certification Information 195

Aaron Allen & Associates

AUGUST 15, 2023

We are seeing that the HORECA Middle East industry (Hotels, Restaurants, and Catering) continues to grow but in different ways, and operators are having a hard time identifying where the opportunities are. Restaurant Due Diligence Mitigate Risk. Maximize Value.

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Modern Restaurant Management

DECEMBER 28, 2020

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their opinions on what we can expect in 2021. Operators will need to be creative in finding ways to counter the increased restaurant costs and the waste being produced. In 2021, the digitization of the restaurant industry will increase exponentially.

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The Restaurant Times

AUGUST 5, 2022

Any restaurant’s success depends heavily on its operational aspects. Only when you have optimized your daily operations with qualified employees will you be able to serve outstanding meals and increase your clientele. million Americans who left their employment in November 2021 worked in hotels and restaurants.

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Ken Burgin

OCTOBER 5, 2021

What are the challenges that business operators will need to navigate in the next six months? Menu price rises usually following a rising cost of goods, but operators are usually most confident to do this during boom times. People are nervous, which always limits spending.

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