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New PPP Loan Insurance Covers Food Service Establishments if the SBA Later Finds They Were Ineligible for the PPP Loan Program

Modern Restaurant Management

Consider PPP loan insurance to cover damages, legal fees and fines if the SBA determines that your business was ineligible for the loan. Restaurants and other hospitality businesses took in more than $42 billion in U.S. The SBA has said that it will audit PPP recipients to ensure these three requirements were met.

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8 Reasons Why Restaurant Workers Quit (And How to Retain Them)

7 Shifts

As of 2019, hospitality had a national average turnover rate of 75% , and that's only grown since the pandemic. Whether they're in school, have kids, or need time for auditions, restaurant workers can live the lifestyle they want outside the traditional 9-to-5. 8 Reasons Why Restaurant Workers Quit — And How To Prevent It.

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Who has the worst staff turnover? Restaurant Employee Turnover by City and State + Retention Playbook

7 Shifts

High turnover has long been a core tenet of the hospitality industry. And what can operators do more (or less) of to make hospitality a long-term and viable career? Overall, hospitality accounts for some of the highest rates of uninsured workers. The Play: Do a culture audit and examine your core values.

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Are Your Restaurant Job Descriptions Promoting Your Culture?

Restaurant365

If you are looking to address your restaurant hiring challenges , consider starting with an audit of your online presence. Whether you are offering increased wages, hospitality skills training, or different bonuses, make sure to focus on these differentiators. Instead of hospitality specialist, host. What will they find?

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The Employment Landscape is Messy: How Restaurants Can Ensure Compliance with Limited Resources

Modern Restaurant Management

Here are six areas that often create risks for restaurants and others in the food and hospitality industry: Onboarding New Employees : You may know employers are required to verify new employees’ identity and employment authorization, but federal law imposes strict requirements for doing so, and documenting compliance can be tricky.

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How to Streamline Human Resources and Payroll in the Restaurant Industry

Restaurant365

For food service and hospitality in particular, an essential part of the guest experience is the interaction with employees. There are some general areas to focus on when starting to audit your human resources information systems (HRIS) and payroll systems. Successful restaurant owners and operators don’t just provide great food.

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Restaurant Taxes: Top 12 Tax Deductions and Tips For Restaurants

Harbor Touch

If you are audited, and the IRS believes you are overcompensating employees based on other amounts reported within the restaurant industry, you may not be able to deduct them fully. Property insurance, liability insurance, and other policies designed to protect your physical restaurant location(s), employees, and customers.