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2023 Reflections: The Year That Was in Restaurants, Part Three

Modern Restaurant Management

In 2023, we saw sellers increasing throughput utilizing the “experience creates consumption” strategy and we predict an increase in draft program profitability in 2024 as more on-premise professionals embrace the needs of the highly coveted craft beverage loyalists. The impact of these technological shifts is multifaceted.

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Four Tactics Restaurant Managers Can Implement Now to Improve Employee Engagement

Modern Restaurant Management

According to the National Restaurant Association’s 2022 State of the Restaurant Industry Report , 50 percent of operators for both full-service and quick-service restaurants said that recruiting and retaining employees was their top challenge. These lead to poor employee experience and often frustration among staff.

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8 Ways to Navigate The Restaurant Staff Shortage

Lavu

According to the National Restaurant Association 2023 Restaurant Industry Forecast , 9 in 10 restaurants are experiencing staffing shortages. This statistic is based on a survey of restaurant operators conducted in January 2023. Encourage open communication and provide frequent feedback and recognition for outstanding performance.

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Pandemic Effects on Funding, Growth and People – Plus Predictions for 2024

Modern Restaurant Management

Shortage of Capital for Restaurant Technology As we marched into 2023, interest rates and uncertain economic conditions continued to impact the withdrawal capital from restaurant technology investments. Investments in venture capital had a massive retreat in 2023, hitting the technology sector very hard. – Lissa Bowen

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Article Publish And Update Dates

Sling

March 2023 13 Expert Tips for Effective Employee Communication March 2023 11 Types of Job Shifts Managers Should Know March 2023 What Is Incentive Pay and How Does it Work? March 2023 What Is a Human Resource Management System (HRMS)? March 2023 What Is a Human Resource Management System (HRMS)?

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What Is HR Analytics? | A Practical Guide

Sling

Most notably, HR has evolved from a purely operational discipline concerned with hiring, firing, and training to a more strategic discipline that can have far-reaching effects on the success of your business. With that information in hand, your business can develop strategies to improve employee retention.

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Restaurant Operations Management: The Complete Guide

Sling

While that is part of the training process, there’s more to it than just saying, “Here’s how we do it.” While that is part of the training process, there’s more to it than just saying, “Here’s how we do it.” 5) Manage food costs A key way to improve your overall ROM program is to do everything you can to manage food costs.