Remove 2022 Remove BOH Remove Hiring Remove Point of Sale
article thumbnail

5 Ways to Develop Your Restaurant's Tip Strategy, According to Experts

7 Shifts

There are 101 ways to dole out restaurant tips - from percentages to points to whether kitchen staff gets a share. You have to hire happy people that want to be there,” said Kelly Phillips. Honestly, that's more of a point of pride for them.It Table of Contents. Tip management constantly evolves. 5 Tips on Tipping.

BOH 195
article thumbnail

Balancing Restaurant Labor Cost with Employee Satisfaction

Restaurant365

between February 2021 and February 2022. Driven by the hiring crisis, many restaurant groups are trying to woo employees with higher wages and benefits for hourly employees – both mostly unheard of prior to the pandemic. According to the National Restaurant Association, hourly wages for restaurant employees grew by 12.1%

FOH 78
Insiders

Sign Up for our Newsletter

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

article thumbnail

85+ Restaurant Industry Statistics That Every F&B Operator & Manager Needs to Know in 2023

Apicbase

The F&B industry grew in 2022… and it will keep growing in 2023. OUR TOP 10 In 2022, 31% of restaurants cut the number of menu items on offer to deal with the inflation and rising food costs. The average profit margin for US restaurants in 2022 was 10.6% , showing it’s slowly inching back to pre-pandemic levels (12% in 2019).

2023 52
article thumbnail

93 Restaurant Industry Statistics Every Food Service Operator Needs to Know in 2024

Apicbase

Food costs increased in 2023: according to one survey, 60% of operators reported that all or most suppliers raised their prices , up from 50% in 2022. Restaurant sales in the US grew from $842.3 million in 2022, to $1,087 million in 2023. billion in 2022 and is expected to reach $80.9 decline from 2022.

2024 52
article thumbnail

Meeting Off-Premise Demand While Rebuilding In-Restaurant Sales to Boost Profitability

Restaurant365

But while off-premise demand has grown, in-person sales are coming back as more regions open up again. For restaurant owners and operators, how do you balance between maintaining off-premise business and rebuilding in-restaurant sales—at the same time? However, in the era of social distancing, these burgeoning trends took off.