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2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. An issue that may arise from this in 2024 is data privacy. In 2024, we’ll continue to see growth in the payroll segment.

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Building a Resilient Restaurant: A Guide to Scaling a Food Concept in 2024

Modern Restaurant Management

Scaling and Attracting Investors To effectively scale a multi-unit restaurant business in 2024, courting investors is often necessary. rent) and (v) cash-on-cash return / payback – how long and at what rate will investment in a specific location be returned. Restaurants remain an attractive area for investment.

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What to know about New Jersey tip laws

7 Shifts

A modern restaurant management system can help with compliance. If the restaurant management chooses to pay some or all of the service charge out to staff, that money counts as taxable wages, not tipped income. Managers, supervisors, and employers can’t receive funds from tip pools either. Let’s look at an example.

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What To Know About New Jersey Tip Laws

7 Shifts

A modern restaurant management system can help with compliance. If the restaurant management chooses to pay some or all of the service charge out to staff, that money counts as taxable wages, not tipped income. Managers, supervisors, and employers can’t receive funds from tip pools either. Let’s look at an example.

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93 Restaurant Industry Statistics Every Food Service Operator Needs to Know in 2024

Apicbase

2023 has been a challenging year for restaurant operators, caught as they were between rising food costs and labour shortages. To give you the full picture of the positives and negatives of what lies ahead for 2024, we combed through dozens of recent industry reports and compiled a list of 93 restaurant industry statistics.

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2024 New York Minimum Wage Guide

SpotOn

On January 1, 2024, the minimum wage increased to $16 per hour, a minimum wage rate passed by the legislature and approved by Democratic Gov Kathy Hochul. Restaurant staff are tipped food service employees, meaning their minimum wage requirements are different. Fast Food Worker $15 Overtime after 40 hours $22.50

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Millennials and Gen X-ers are the best tippers, according to a first-of-its-kind survey of restaurant workers

SpotOn

Millennials and Gen X named the most generous tipping generations Younger restaurant workers find potential for increasing tips through use of technology 25% of Gen Z workers say fast-food and drive-thrus service warrant tipping SAN FRANCISCO, Calif., Around 50% of workers 55 and up feel the same.