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In January 2023, Yum! Golden Corral's August 2023 network breach affected 183,000 current and former employees, with hackers accessing everything from Social Security numbers to health insurance details. This committee can ensure that legal compliance and insurance requirements are built into everyday operations.
Outsourcing high-risk services, such as delivery, can alleviate exposure to rising auto insurance costs, which are projected to climb in 2025. To remain resilient, businesses must prioritize enterprise risk management (ERM) strategies that integrate risk management, HR and insurance planning.
To combat revenue challenges, 36 percent of leaders said their top investments would be in enhanced sales and marketing technology, promotions, and loyalty programs, alongside 27 percent who are planning staff investments, including enhanced training, salaries, recruitment, and benefits. percent compared to November of 2023.
Investing in teamwork, internal training, and career development—such as structured in-house wine education—creates a sense of belonging and shared growth. While many companies still don’t offer health insurance, I have a number of clients offering health care through online medical services, such as.
Operators are also preparing to boost employee training to drive both retention and the overall guest experience, with 30 percent of survey participants reporting they already increased pay. Another 30 percent said they spent more on enhanced training so far this year. percent and 3.1
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
From a legal perspective, Insurance : the pandemic highlighted the limitations of insurance policies. Several high-profile restaurant groups brought litigation against insurance companies for their coverage position, but were ultimately unsuccessful. Wages have risen roughly 13 percent since early 2023, leveling out at $13.62
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.
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. Don’t be afraid to reach out to your insurance provider for a meeting on how you can get your restaurant into tip-top safety shape.
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.
Proposition 22 requires companies with independent-contractor drivers to provide specified alternative benefits, including: minimum compensation and healthcare subsidies based on engaged driving time, vehicle insurance, safety training, and sexual harassment policies. Litigation.
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. Conflict resolution training is also a must. Here’s an overview. It’s the industry’s biggest concern.
” – Dean Drako, CEO of Eagle Eye Networks 2023 served up a year of resilience and innovation for restaurants, as they adapted to shifting landscapes and embraced new dining paradigms. I am concerned that rising insurance costs may force some chains to exit the market. Golden Corral is one.
Health insurance plan opt-in forms. Federal Insurance Contributions Act (FICA) taxes: FICA is the tax levied on employers to pay Social Security and Medicare. Deductions for benefits like health insurance, 401(k), dental, vision, etc. Direct deposit information such as a bank routing number and account number. Withhold 6.2%
This has included a significant amount of wellness checks — more in the first six months of 2023 than in the last decade. Providing mental health awareness and resilience training to all employees can help promote a supportive work environment.
Spot On's State of Restaurant Tech Report found 71% of independent and small chain restaurant operators expect to increase spending on technology systems in 2023. Table of Contents Efficiency Accuracy Security Cost Recordkeeping Training Trust & Transparency 1.
million in revenue in 2023 (more than double that of McDonald’s while being open one day less per week). Customers were chosen at random and contacted via email between April 2023 and March 2024 for the restaurant industries and between November 2023 and March 2024 for food delivery. car finance, fuel, insurance, etc.) (22
In Nevada, starting in July 2023, the minimum wage will depend on whether or not an employee receives or is offered qualifying health insurance. You need to get by without them until they can be replaced and then you need to invest in training a new hire. Remember, it’s costly to replace employees.
A 2023 study by Toast found that 30 percent of staff in the restaurant industry are at risk of leaving in the next two years, highlighting an equally concerning high turnover rate within this sector. From 2023, consumer spending has been steadily increasing and is set to continue into 2025. Washington D.C.’s As the U.S.
As a new initiative offering valuable education opportunities, business skills and training, and enhanced career prospects, Dunkin’ has launched a new partnership with Southern New Hampshire University (SNHU) to offer low-cost college degrees to its independent franchisees and their employees.
By January 1, 2023 California’s minimum wage will be $15.00/hour hour on June 1, 2023. hour on January 1, 2023. hour on January 1, 2023. if the company provides health insurance). hour on January 1, 2023, and an increase to $15.00/hour hour on January 1, 2023. Here are three ways: Proper Training.
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.
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. Please contact an attorney or other professional for specific advice.
But if it’s something big, like a new hire arriving when or where no one was expecting them, not having a workspace ready on their first day, or training scheduled for a time when the trainer is unavailable, the employee is going to notice. Provide them with introductory training material. Schedule training. Fill out paperwork.
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.
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. Investing in employee development and training programs is another way to attract and retain top talent.
More than 87% say they’re likely to hire in 2023 if they can find qualified applicants, according to the National Restaurant Association. Here’s what to know about the restaurant staff shortage and what your restaurant business can do to staff up in 2023. Some turned to gig work or self-employment for autonomy and flexibility.
2023 was the hottest year on record , and with those unprecedented temperatures came more severe weather, including wildfires, floods, and brutal heat waves and drought in places across the globe. died in 2023 as a result of “excessive heat,” according to an Associated Press analysis of CDC data , though that figure is likely underreported.
A formally trained creative writer — she earned a bachelor’s degree from Columbia College in Chicago in 2005 and an MFA from the School of the Art Institute of Chicago in May 2022 — Regan used menus to corral the details of a chaotic early life into submission before she published an actual book. You want to see a menu?”. “We
New Jersey-based Dartcor Food Services partnered with one of their local clients, Crum & Forster Insurance, to provide meals to hospital staff working tirelessly on the front lines to prevent the spread of the novel coronavirus and to take care of those who are already afflicted with the disease, top photo. ” Helping the Helpers.
On average, 85% of employees will experience conflict in the workplace ( Essential Workplace Conflict Statistics in 2023 • ZipDo ). One of the top ways is conflict resolution training. Society Insurance Protects Your Livelihood Remember, employee conflict is unavoidable, but it can be reduced and resolved.
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. In 2023, Colorado’s minimum wage for non-tipped hourly workers (like dishwashers, managers, and chefs) is $13.65 What is the minimum wage in Colorado?
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