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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. Why such a “hard” insurance market?

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Despite Improved 2024 Outlook, Labor, and Other Risks May Drag Restaurants Down

Modern Restaurant Management

Another growing risk: nuclear verdicts over dram shop law violations, driving up the costs of liquor liability insurance. As of the end of 2023, the industry is still 14,000 jobs behind that pre-pandemic level. One of the impacts will be on employment practices liability insurance in 2024. Here’s an overview.

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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. Ensure that your recruitment and selection processes are efficient and thorough.

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What Is a Human Resource Management System (HRMS)?

Sling

Last Updated: February 2023 This content is for informational purposes and is not intended as legal, tax, HR or any other professional advice. If you offer benefits — fringe or otherwise — you know how complicated things can get. Please contact an attorney or other professional for specific advice.

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What Is HR Analytics? | A Practical Guide

Sling

4) More effective recruitment and hiring As we discussed earlier, analyzing data to determine the efficiency of your recruiting, hiring, and onboarding processes can go a long way toward controlling labor costs and helping your business run better. Please contact an attorney or other professional for specific advice.

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Three Tips for Engaging Remote Employees

Society Insurance

Some experts anticipate that 25% of all professional roles will be virtual in some capacity by 2023. Its benefits for recruiting, retention, and even productivity are hard to beat, but for remote work to be successful in any company, employees have to be engaged. However, some remote workers may find themselves lonely or disconnected.

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Onboarding Checklist: How to Onboard Your Employees the Right Way

Sling

Without this paperwork on record in their personnel file , you can both face difficulties when it comes time to pay taxes, complete payroll, make an insurance claim, or deal with workplace issues. Last updated: January 2023 This content is for informational purposes and is not intended as legal, tax, HR or any other professional advice.