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2023 Restaurant Technology Trends: Consolidation, Experience, and Fees

Modern Restaurant Management

Here are six things I see coming in 2023: Labor pressure is easing, but operators are still looking for labor management. Labor will remain competitive, but the relentless recruiting cycle and wage pressure has begun slowing down. A likely recession in 2023 is already leading consumers to cut back on restaurant spending.

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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.

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Hire and Retain Better Restaurant Workers in 2023

Modern Restaurant Management

And in 2023, that’s the problem most hiring managers in the restaurant industry are facing. When deciding where to recruit restaurant workers online, many job platforms promise to plaster your jobs across the Web for a fixed price. We all know that for restaurants – reputation is everything. It all comes down to your staff.

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Why Restaurants Should Embrace Technology in 2023

Modern Restaurant Management

Front-of-house staff can be hard to recruit, are less tenured, and have high turnover. Between supply chain issues, staffing challenges and increasing operation costs, restaurants have had to re-examine roles and responsibilities for employees and lean into technology to increase operational efficiency. Automating the Front of House.

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Five Common Seasonal Hiring Mistakes and How to Avoid Them

Modern Restaurant Management

Managers and owners must develop strategic hiring plans through the end of 2022 and into 2023 to protect staff from long hours and burnout. Below, we review five common mistakes recruiters make when hiring seasonal workers and how to prevent them in order to reach your yearly goals. How to avoid. Mistake #5: Not investing in longevity.

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

Modern Restaurant Management

As of the end of 2023, the industry is still 14,000 jobs behind that pre-pandemic level. Nearly 75 percent of the industry executives surveyed in the HUB International 2024 Outlook Executive Survey said it has affected their business’ vitality, leading over half to sharpen their employee recruiting practices. No surprises.

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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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