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In January 2023, Yum! Brands (owner of KFC, Taco Bell, and Pizza Hut) suffered a ransomware attack that forced the closure of approximately 300 restaurants in the UK and exposed personal information of hundreds of thousands of employees. Having these considerations built into response plans from day one makes all the difference.
After weathering years of pandemic-related challenges, the sector continues to rebound with optimism. Outsourcing high-risk services, such as delivery, can alleviate exposure to rising auto insurance costs, which are projected to climb in 2025. In 2023, the average cost of a hospitality-related breach surged 14 percent to $3.36
Things began to change for the restaurant industry in 2023 as the script flipped from cutbacks to a growth mindset. Data from the National Restaurant Association’s 2023 State of the Restaurant Industry report revealed that nearly three in four operators were focused on sustaining growth.
In today's workplace, the significance of addressing employee mental health has become increasingly crucial. The well-being of employees directly impacts their productivity, engagement, and overall satisfaction. Offering Mental Health Benefits To support employee mental health, employers can offer a range of mental health benefits.
The focus on offering a wider variety of prepared and ready-to-eat food items is clearly paying off, as c-stores registered record sales in 2023. An analysis of insurance claims processed in 2024 compared to 2023 shows a 4.4 percent growth from 2023, other chicken dishes like Sesame Chicken (+7.32 percent during Q4.
Believe it or not , in 2023, Gen-Z employees began outnumbering Boomers in the workplace. Diversity matters to them through many dimensions, not just isolated to race and gender but also related to identity and orientation. The post Creating a Workplace Where Gen Z Wants to Work appeared first on Society Insurance.
Manage payroll on time Simplifying your restaurant’s bookkeeping process means efficiently managing the daunting task of settling salary payments, especially if you’re running huge operations and managing many employees. In fact, in 2023, the average restaurant profit margin fell between 3 to 5%.
hour for businesses with 4 or more employees. hour for businesses with 25 or fewer employees and $14.00 for businesses with 26 or more employees (several cities also have their own minimum wage laws). hour for businesses with 25 or fewer employees and $15.00/hour hour for businesses with 25 or fewer employees and $15.00/hour
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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. That may not be true.
Funds can be used until March 2023, an extension from the program’s original end date in late December. Hotel restaurants without their own employee identification number, per an SBA spokesperson. One can’t use funds on business expansion, according to comments made by the SBA during a food truck-related town hall last week.
billion in nuclear verdicts in 2023 a 15-year high. Society Insurance has spent 110 years helping protect businesses and has seen firsthand how nuclear verdicts have evolved in the U.S. Dont be afraid to reach out to your insurance provider for a meeting on how you can get your restaurant into tip-top safety shape.
Food safety The Colorado Department of Public Health and Environment regulates how restaurant employees must handle the food they prepare and serve. Colorado Governor Jared Polis also signed the Remedies At Law For Violating Colorado Youth Act in June 2023, which allows minors to sue for their injuries if they get hurt on the job.
More than a year later, Austin left her job at Starbucks and is now an organizer with Starbucks Workers United, the labor union that has organized more than 10,000 Starbucks employees. died in 2023 as a result of “excessive heat,” according to an Associated Press analysis of CDC data , though that figure is likely underreported.
California Passes COVID-19 Supplemental Sick Leave : On March 19, 2021, California Governor Gavin Newsom signed Senate Bill 95 providing a new form of COVID-19 related paid sick leave for many California workers. Starting January 1, 2023, any food product containing sesame must indicate that on its label.
Regan’s time at Trio — as a “manager of guest relations,” or host; as a reservationist; staging — honed her instincts and developed her fine dining sensibilities. and not realize she’s been serving them the whole time,” employees have noted.). Regan signaled her approval, saying she related very deeply: “I feel you, Khaleesi.”
The new Yelp for Business will feature COVID-19 related content and prompts intended to help business owners communicate effectively with consumers and tips to weather the storm. These owners and employees have become like family and we feel the hardships they are facing right now.
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