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Independent Contractors Independent contractors operate their own businesses, control how and when they perform their tasks, and handle their own taxes. Increased scrutiny and audits : Misclassification issues can trigger audits and increased scrutiny from regulatory agencies. Facing an audit or investigation.
A lack of preparation can lead to hefty fines, operational disruptions, and even criminal charges. military veteran whose documentation was questioned. Lesson : Even documented employees can be affected by ICE enforcement. Having a clear action plan can help reduce panic and ensure operations continue smoothly.
Tips for restaurant HR leaders and operators to respond more effectively—without wasting time or losing money Years ago, when I was leading HR at Potbelly, I got hit with an unemployment claim from a former team member who had clearly quit. A verbal warning doesn’t exist unless it’s documented. Let’s fix that.
Restaurants have traditionally relied on annual, biannual, or quarterly audits, where an inspector visits the facility and conducts an in-person assessment of health and safety protocols. Here’s some key information to know about remote audits: Remote Audits are Thorough and Comprehensive.
A new year is creeping up on us again, bringing fresh opportunities—and challenges—for restaurant operators. Bonus Tip : Create a simple FAQ document to address common employee questions about coverage options. Optimize Payroll Payroll represents your employees’ livelihood and deserves a closer look for accuracy.
Yet many restaurant operators remain underprepared when it comes to integrating legal and insurance considerations into their cybersecurity response plans. Because a cyber incident requires coordinated action, being prepared also means de-siloing operations among IT, operations, legal, and finance departments.
An audit can also be a powerful tool that can help you improve the financial health and profitabilit y of your restaurant. How to Conduct a Successful Restaurant Audit First, take stock of the following areas of your restaurant business: Cleaning and Sanitation It’s difficult to overstate the importance of sanitation for restaurants.
A : Contract overlaps and pricing have a lot of impact on restaurant operators and their business, especially for those without supply chain personnel or who are simply too busy to check or double check pricing contract structures. Here’s a deeper look at each: Constant Auditing of Invoices. Automate Contract Management.
Restaurant management and operations personnel are always on the search for proactive ways to increase operational efficiency and reduce waste while complying with local regulations. Transparency across operations allows corrective actions to take place before an incident occurs. Leveraging Digital Visibility.
Operating a restaurant is not easy. Restaurants, like other cash-intensive businesses, are a frequently targeted for audits by the IRS. By keeping accurate and complete records, you can reduce the length and pain of an audit. Recordkeeping and tax deadlines may seem like a low priority item that can be pushed off to another day.
In this guide, youre going to learn: The key components of effective restaurant operations management Common challenges restaurant owners face (and how to solve them) Best practices to run a more efficient and profitable restaurant Lets explore what it takes to manage restaurant operations like a pro.
Regularly audit your suppliers’ practices and request documentation to confirm that they’re still in compliance. This should outline steps for documenting complaints, investigating potential sources, and communicating the outbreak to health authorities. Instead, document the complaint in detail.
The landscape of food safety is ever evolving with advancements in digital technology and new tools opening the door to a new era of higher operational efficiency and regulatory compliance.
Overall, automating the recall process can cut recall times in half (or more), resulting in labor and operational cost savings up to 90%. All recall activities must be properly documented, which is difficult, time-consuming, and error-prone when using manual methods. Collaboration. Compliance.
Technology Is an ISO Game-Changer Organizations no longer need to sift through piles of paperwork, desperately trying to find the right documents to prove they’re compliant. Skip trying to find a single certification document in an overflowing file cabinet. Using manual systems to achieve ISO compliance has numerous flaws.
B Corp Certification, a credential bestowed by the non-profit organization B Labs, is a way for businesses to address those concerns and more as they undertake an in-depth auditing process, and come out with a seal of authenticity around their sustainability and social responsibility claims and a branding kit to help promote it.
Ironically, now that restaurants must implement stringent new safety protocols and ensure compliance, it’s become difficult to secure third-party audits due to COVID-related travel restrictions and limits to interpersonal interactions. You can update any policy or operational change instantly, making everything clear and more efficient.
.” Restaurant managers who develop clearly-documented policies, operational checklists, and clear communication systems can simplify the process for everyone. If you haven’t already, prioritize updating your restaurant’s existing policies and operating procedures in writing. Employee well-being.
The FTC Rule largely pertains to franchisors supplying prospective franchisees with a franchise disclosure document – a document from franchisors providing 23 key information points to franchisees regarding need-to-know information about the business. State-wise, the answer depends on the state in which your franchise operates.
The pandemic has changed the physical and economic environment in which restaurants operate. Some of these marketplace collection laws were hastily enacted and state revenue agencies may still be issuing guidance, determining audit enforcement practices, and resolving practical implementation issues as they arise. Exclusions.
COVID-19 has forced restaurant owners and operators to turn their operational strategies on a dime. For operators that don’t already have an existing space designated for outdoor dining, this is a challenge. Auditing Lots for Damage and Quickly Conducting Repairs.
Quick Service Meets Compliance QSRs face significant challenges in maintaining high levels of food safety, with 28% of QSR operators citing food safety as their top challenge. Keeping Costs Low In the constant search to cut costs wherever possible, budget management is essential to the operation of quick service chains.
The public health crisis and swift economic downturn caused by COVID-19, of course, have compounded the complexity of operating a restaurant and complying with the myriad and evolving federal, state, and local guidelines and orders designed to mitigate the health risks of the COVID-19 pandemic. Why Compliance Matters.
Maintenance impacts multiple critical aspects of restaurant management and operations. Poor maintenance can also cause restaurants to fall out of compliance with FDA regulations and fail health inspections, food safety audits, hygiene and sanitation audits, and fire safety inspections.
Brands of all sizes must conduct regular safety and quality audits to ensure all locations are consistently compliant. In these traditionally in-person audits, inspectors often find issues that need to be corrected, and would tell the brand location’s operator what was wrong.
However, while there have been documented problems associated with poorly managed fish farms, modern, ethically managed aquaculture with carefully controlled conditions is still considered by scientists to be one of the best ways for humans to meet the growing demand for animal protein with minimal environmental damage. Source Responsibly.
It is challenging enough to operate a restaurant in this time of quarantines, curbside and delivery-only options, and social distancing added to the attendant drops in revenue and worries about making sure employees are cared for. FSMA audits are on hold for now, but when the crowds return so will the audits. Know the Drill.
Still, it is well-documented that eating clean, nutrient-dense foods without foreign chemicals like preservatives or pesticides has beneficial long-term effects on the mind, body, and overall well-being. There is a sophisticated auditing and reporting system that must be followed with the strictest discipline.
With the potential for serious financial impact, it's imperative that restaurateurs and operators pay attention to the impact cybersecurity can have on your business, and your bottom line. The most important ones for restaurateurs and operators to be aware of are: POS Data. Types of sensitive data in a restaurant. Guest Data.
It’s ideal to conduct regular audits to make sure there aren’t unnecessary losses. For instance, if you operate in Indiana, North Carolina, or Oklahoma, they should know that happy hours aren’t allowed in those states. Look for resourceful candidates to keep your bar operating smoothly.
It's the most wonderful time of the year…and for many restaurant operators, one of the busiest. Third-party audit results can work in the same way. Are audit scores improving? Establish documented monitoring of critical control points at regular daily intervals. Document the KPIs. Socializing KPIs.
Problem When Avery came back to the business, the restaurant was still operating with manual processes. They then use punch audit reports to view edits to staff timesheets and track missed punches. Manager Log Book At the end of the night, managers document and share shift notes in the log book.
Did you know that payroll/labor makes up almost one-third of a restaurant's operating costs ? Updating your payroll records in case of an audit. Here’s a few common options: A monthly pay cycle, which means operators only have to run payroll once per month. Paying employees what they are owed on time.
From keeping up with invoices to negotiating better payment terms with suppliers, these steps can ensure smoother operations, improved cash flow, and stronger relationships with your vendors. Purchase Orders (POs) : Documents outlining what was ordered and the agreed price.
Integrates with POS systems for seamless operations. Restaurant payroll in minutes, not hours The restaurant industry is known for its fast-paced environment, unique operational challenges, and diverse workforce. Here’s why it matters and how to get started: Key Benefits : Automatically tracks hours, tips, and shifts.
Embracing a monthly accounting cycle allows restaurateurs to stay perpetually ahead of tax obligations, identify and manage expenses proactively, and arm themselves with the real-time data needed for astute operational decision-making. Sales tax, payroll taxes, income tax – the list is extensive.
With increasing awareness of food allergies, allergen management in POS systems has become essential to ensure customer safety and streamline kitchen operations. Managing allergen data in restaurants is critical for customer safety and operational efficiency. Food allergies affect 26 million adults and 6 million children in the U.S.,
Implementing robust security measures ensures compliance and safeguards both business operations and customer data. Document and Submit Compile documentation of your security measures and scan results, then submit your completed SAQ to your payment processor or bank. Heres what you need to know: What is PCI Compliance?
Features to Look for in a POS System for Payroll Key Payroll Features in POS Systems When choosing a POS system to manage payroll, you’ll want to prioritize specific features that ensure smooth and accurate operations. Reporting Tools : Insights into labor costs, payroll summaries, and tax compliance documents.
Did you know that payroll/labor makes up almost one-third of a restaurant's operating costs ? Updating your payroll records in case of an audit. Here's a few common options: A monthly pay cycle , which means operators only have to run payroll once per month. Paying employees what they are owed on time.
The upcoming section details these costs across two categories: restaurant startup costs and operating costs. Improve Employee Retention The high-turnover rates are well-documented in the restaurant industry, with these rates exceeding 70% in 2016. After all, training new hires is an investment of time, resources, and money.
Smart Foodservice operates 70 small-format cash and carry stores across California, Washington, Oregon, Idaho, Nevada, Utah and Montana that serve small and mid-sized restaurants and other food business customers with a broad assortment of products. NYSE: APO) (the “Apollo Funds”) for $970 million in cash.
Whether you’re a seasoned operator or just getting started, understanding the numbers behind your business can mean the difference between breaking even and breaking records. In this guide, we’ll break down key accounting strategies and tools that help streamline operations and boost your bottom line in 2025.
In January 2021, Brittny and her husband Brandon took over a nutrition shop formerly operated by one of their upline’s recruits. After signing their lease, the Stockstills received a full menu of drink recipes from their upline, who also trained them on the extensive documentation that Herbalife required to keep the shop compliant.
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