7 Shifts
AUGUST 2, 2023
So, you've decided to implement a digital tip payout solution in your business—congratulations! Make sure to consider these key factors from both the administrative and employee perspective: Pricing: Consider whether the platform charges a flat fee (monthly or annual), a percentage of tips, or a combination of both.
7 Shifts
SEPTEMBER 7, 2021
We also wanted to see if the inflation concerns many are expressing are showing in restaurants as large flows of government stimulus are distributed. Has the price of going to a restaurant increased? We found a 14% increase in the total price on a receipt. The bottom line is that the price of going to a restaurant has increased.
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7 Shifts
DECEMBER 6, 2023
Tip laws differ from national standards in some areas, and staying on top of potential changes as bills make their way through the legislative process takes time and energy. The Colorado minimum wage can potentially change every January , based on cost of living increases (as measured by Colorado’s Consumer Price Index).
7 Shifts
DECEMBER 6, 2023
Tip laws differ from national standards in some areas, and staying on top of potential changes as bills make their way through the legislative process takes time and energy. The Colorado minimum wage can potentially change every January , based on cost of living increases (as measured by Colorado’s Consumer Price Index).
Embrace the Suck
DECEMBER 25, 2019
They fear a PVA because then you are locked in a certain price and they are them set at a fixed commission rate and they don’t like that. It looks actually much better than the random pricing that your salesperson gives you now. What you want to ask for is margin instead of markup and you want it to be auditable.
Modern Restaurant Management
JANUARY 8, 2024
This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits. Systems and tools are now adept at handling segmentation and distribution, powered by a richer pool of 1P and 0P data.
Xtra Chef
DECEMBER 11, 2019
Tip Handling. Restaurants choose or are held to different methods of tip handling. Whether it’s pooling, mandatory or not, split, or tips by paycheck vs. cash tips—it can be tricky keeping your employees happy while maintaining an accurate balance sheet and payroll taxes. Offering financial insights and advice.
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