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Avoiding the Four Biggest Traps of Restaurant Payroll

Modern Restaurant Management

Staffing levels have been on the upswing since the dark days of the pandemic, with the number of jobs at bars and restaurants up nearly 0.7 The former are entitled to benefits such as minimum wage, overtime pay and workers’ compensation insurance. Quit rates have also fallen since then.

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The Increasing Threat of Fake IDs Around Independence Day

Modern Restaurant Management

Fines, suspended liquor licenses, increased insurance costs, and even lawsuits are all very real threats facing the industry, not just on Independence Day but year-round. AI is raising the bar for fake ID detection Artificial intelligence and easy accessibility online have altered fake IDs into highly convincing, scannable documents.

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Accounting for Restaurants and Bars: A Step-by-Step Guide

Paper Chase Accountancy

This discussion will provide a roadmap for mastering the art of accounting in the world of restaurants and bars. Key Takeaways Understanding hospitality accounting is crucial for efficiency, profitability, and making informed business decisions in restaurants and bars. But, why is this so crucial to your business’s success?

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MRM Research Roundup: Holiday Spending, Franchise Optimism, and Pickle Energy

Modern Restaurant Management

Workers now place greater value on scheduling flexibility than on traditional benefits like paid time off and health insurance, with 46 percent ranking it as the most important benefit, compared to 44 percent for paid time off and 34 percent for health insurance. percent +7.23 percent Gastropubs 72.41 percent +41.02 percent +17.85

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Pandemic Reflections: What Lessons Has the Restaurant Industry Learned?, Part Three

Modern Restaurant Management

From a legal perspective, Insurance : the pandemic highlighted the limitations of insurance policies. Several high-profile restaurant groups brought litigation against insurance companies for their coverage position, but were ultimately unsuccessful. However it came with a lot of problems.

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28 Strategies to Cut Costs in the Restaurant Business

Lavu

Examples of fixed costs for a restaurant include rent, insurance, and equipment lease payments. However, finding ways to negotiate lower rent or insurance rates, or to optimize equipment usage can help to reduce fixed costs. Prevent food waste to cut costs Food waste is a common and expensive issue for restaurants and bars.

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MRM Research Roundup: Midyear Report Card, Cowboy Carter Boost, and the Evolving Pumpkin Craze

Modern Restaurant Management

Bars regularly receive the highest tips; in Q1 their average tip was 17.36 Accessibility is improving through product innovation with new delivery formats and broader insurance coverage, which is reducing the financial burden on the consumer. percent, and this continued to fall into Q2 with the average tip coming in at 14.99