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In April 2024, the United States Department of Labor (DOL) published a new rule that significantly increases the salary threshold for exempt employees: how do these changes impact the restaurant industry? Generally, to be exempt, federal law requires satisfaction of the “salary” and “duties” tests.
When we talk about the “restaurant of the future,” labor compliance isn’t exactly the flashiest or most exciting topic to include—certainly not when juxtaposed with salad-making robots and personalized digital menus. Restaurants face a multifaceted compliance situation.
Independent restaurants are at a pivotal moment, as the industry confronts multiple challenges including inflation, cost volatility, and extreme weather and adapts to an increasingly complex operating environment, according to the findings of the The James Beard Foundation® (JBF) 2025 Independent Restaurant Industry Report.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news on summer restaurant employment, indecisiveness ordering, online ordering trends, and the world's best cities for food. ” The restaurant industry is the nation’s training ground.
Restaurants are feeling the bite of high labor costs, thanks to increased minimum wages, staff shortages, and high employee turnover that is outpacing other industries. These expenses include money spent on recruiting, hiring, and training new staff, and lost productivity. percent compared to other industries’ rate of 4.9
Florida is a great place to operate restaurants thanks to its huge tourism draw and an influx of retirees with disposable income. But beyond minimum wage laws, there are other Florida-specific regulations—like overtime laws and child labor laws—that affect the restaurant and hospitality industry.
Hiring and retaining staff has always been a challenge for businesses in the food industry. over the past decade, keeping employees in restaurants has become increasingly difficult. High turnover not only disrupts business operations but also leads to increased costs and time spent on hiring and training new staff.
Running a restaurant is tough. The good news is that there are tax deductions and credits made for restaurants and owners that can ease the burden. Essential Restaurant Tax Deductions 1. A restaurant POS system like SkyTab, though, has no upfront cost, just $29 per month. Long shifts, slim profits, and taxes can hit hard.
FWPA was signed by Governor Newsom on September 28, 2024 as Senate Bill (“SB”) 988. FWPA defines “freelance worker” as a person hired as an independent contractor to provide professional services of $250 or more within a 120 day period. workforce and contribute $1.35 trillion to the economy.
New Jersey generally follows federal tip law standards, but the state does forge its own path in some key areas. A modern restaurant management system can help with compliance. But staying compliant starts with an understanding of New Jersey tip laws and what they mean for your restaurant.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of Drinksgiving and Thanksgiving trends, FSR challenges, and "out-of-the-box" dining habits. The annual report surveys 600 independent full-service restaurant (FSR) owners and operators from across the U.S.,
This finding from Expert Market’s 2024 F&B Industry Report sheds light on a clear culinary gap within the industry's workforce. 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.
New Jersey generally follows federal tip law standards, but the state does forge its own path in some key areas. A modern restaurant management system can help with compliance. But staying compliant starts with an understanding of New Jersey tip laws and what they mean for your restaurant.
However, restaurant employers should be prepared for this change in late 2024 or early 2025. In other legal news, the foodservice industry in Texas is operating under a series of new and amended laws that were passed during Texas’ 88th Regular Legislative Session.
Illinois joins 19 other states that are implementing minimum wage increases starting January 2024. The law makes Illinois the highest minimum wage per hour in the Midwest region, an accolade that is hailed as a major victory by those who advocated for the rise. The training wage is $7.80 if the employer isn't using the tip credit.
million worldwide, and in 2023, there were about 749,404 restaurants in the United States alone. This is where being well-equipped with a fool-proof restaurant marketing plan comes in. How do you create a good restaurant marketing strategy? Devise a strategy that works specifically for you.
Please send plant-based news to Modern Restaurant Management (MRM) magazine's Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Good Food Restaurant Scorecard. The third annual Good Food Restaurant Scorecard ranks the top 100 restaurant chains in the U.S. This data covers U.S. to its menu.
In a State of the Restaurant industry report, the Natiional Restaurant Association sees a return to normal with predicted sales growth in 2023. Other top research lists how impactful the Super Bowl was for restaurants, the state of gift cards and top pizza cities.
Running a bar is a lucrative business, proven by the fact that this industry is estimated to be valued at a whopping $36 billion in 2024. However, note that bar profit margins vary due to various factors like tax rates, licensing laws, customer demographics, and the cost of living in your area. These regulations vary from city to city.
By Alexandra Sheehan, Contributor Many think making sales can be tough in the restaurant industry. But the average monthly revenue for a restaurant that’s been in business for less than a year is $111,860.70. Boosting revenue is a top business priority for most restaurants these days, but how exactly can you do that?
With so many labor laws and an ocean of paperwork, it can get tricky to remember how much a minimum wage employee should earn in Michigan. While Michigan recently increased its minimum rate in 2024 to $10.33 per hour, there can still be some confusion about the labor laws that involve overtime pay, training wages, and tipped employees.
The competition in the restaurant industry is getting tighter. In fact, 45% of restaurant operators expect their competition to be much more intense in 2024 than last year. That said, we've compiled some of the best techniques for increasing restaurant sales and taking your business to new heights.
hour, restaurant operators are starting to think about how they will adjust their businesses to a $15 restaurant minimum wage. and provinces in Canada) have already increased their restaurant minimum wage and tipped minimum wage in the past few years. Will the Rising Restaurant Minimum Wage Affect Me? In the U.S.,
Running a restaurant is tough. The good news is that there are tax deductions and credits made for restaurants and owners that can ease the burden. Essential Restaurant Tax Deductions 1. A restaurant POS system like SkyTab, though, has no upfront cost, just $29 per month. Long shifts, slim profits, and taxes can hit hard.
Running a restaurant is tough. The good news is that there are tax deductions and credits made for restaurants and owners that can ease the burden. Essential Restaurant Tax Deductions 1. A restaurant POS system like SkyTab, though, has no upfront cost, just $29 per month. Long shifts, slim profits, and taxes can hit hard.
Restaurants and other small businesses operate on slim margins. Repairing equipment, credit card fees, hiring and training staff are all necessary expenses, but they're costly. Restaurants, with the gratuity system and fluctuating cost of goods, often rely on service fees or sometimes surcharge fees to stay in business.
This year’s 102nd year of honoring Fire Prevention Week is held from October 6-12 with the theme: Fire Prevention Week 2024 – Smoke Alarms: Make Them Work For You! Restaurant owners can mitigate these risks by hiring qualified professionals for installation, maintenance, and cleaning service.
They could help guide your decisions in what is shaping up to be a very uncertain time for restaurant operators. OUR TOP 10 In 2022, 31% of restaurants cut the number of menu items on offer to deal with the inflation and rising food costs. For 62% of restaurants , automation could help fill critical gaps in managing orders.
Masked chefs make pizza in a restaurant kitchen in 2022. Jeffrey Greenberg/Universal Images Group via Getty Images Five years after the onset of the COVID pandemic, normalcy is increasingly a fragile concept After seven years of running a pop-up, Jarrett Stieber was finally ready to open his restaurant, Little Bear , in Atlanta.
For restaurants like Amour in Los Angeles, setting the mood begins with the lighting. Amour Lighting, color, and just the right music can give a restaurant a certain shall we say je ne sais quoi? A sexy restaurant is one of those things that you cant really put your finger on, but you know it when you see it.
Some of these events are for-profit pop-ups, their organizers dreaming of opening restaurants or bars in the future; others are very much not businesses, fundraising for mutual aid projects or simply gathering to build community. They were sort of proto-gay restaurants, because they were open to everyone. Glances were coded.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features dining trends, hiring trends, tech trends, brunch trends, alcohol trends, and egg prices. Despite the fact that consumers are paying more to visit and order from restaurants this year – 12.5
Modern Restaurant Management (MRM) magazine asked restaurant industry insiders and experts for their insights on what will impact restaurants in 2020 and the response was overwhelming. Rick Camac, Dean of Restaurant & Hospitality Management at the Institute of Culinary Education. Plant-based Menu Items.
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 2025. I think 2025 will be the year restaurants focus on turning insight to action through integrations.
Editor’s note For the first time since December 2024, the C price has fallen below US $3/lb. However, with Brazilian producers predicted to have sold up to 90% of their 2024 harvest, the market’s direction hinges on whether the remaining crops are as plentiful as expected. lb over the next 15 months.
Nair, a partner at Ervin Cohen & Jessup LLP compiles recent legal news affecting the restaurant, food and beverage and hospitality industries for Modern Restaurant Management (MRM) magazine. The Restaurant Rescue Plan establishes a $25 billion grant program for restaurants hurt by the pandemic and was based on the RESTAURANTS Act.
Thomas Barwick/Getty Images The recent termination of workers in New York and Boston highlights the vulnerability of restaurant employees without legal status In 2005, Fulton Fish Market, which supplies New York City with nearly half its seafood , left the Seaport for a new location in the South Bronx. By 2022, after a $194.6
Update: 3/18/2024: This story was originally published November 10, 2017. World Central Kitchen has since hired staff to focus solely on disaster relief “because, clearly, we are chef relief now. José Andrés | Photo: World Central Kitchen / Facebook World Central Kitchen just became the first group to send a ship carrying aid to Gaza.
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