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Compare: Digital Tip Payouts vs. Cash Tip Payouts in Restaurants

7 Shifts

Restaurant transactions have been moving away from cash and towards electronic forms of payment for years—and that's extending to tips now too. Americans who leave their tips digitally tip nearly 15% more than when they tip with cash. However, more digital tips means less cash passing through the restaurant on a daily basis.

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What is a Tip Credit? How They Work, Calculations, Laws, and More

7 Shifts

But taking an educated and careful approach to tip credits ensures that your hardworking team of waitstaff, bartenders, dishwashers, and cooks is compensated fairly ( improving employee retention ). More tip management resources. leaves a minimum cash wage of $5.76 ($10.88 - $5.12). x 10 hours) in cash to the employee.

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By restaurateurs for restaurateurs: Advice for opening in 2020

7 Shifts

This advice were submitted by owners and managers of restaurants of all sizes, concepts, and locations in the forthcoming 7shifts Restaurant Labor Management Study in 2020 ( subscribe to get your copy when it’s published!). Educate yourself on costs, hiring, and the market you are in before taking the leap. Jake, Mojo Burrito.

2020 335
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Understanding Tanzania’s generational gap in coffee production

Perfect Daily Grind

Since then, coffee has been a major cash crop for Tanzania. Furthermore, low coffee prices have forced some farmers in the Northern Highlands to uproot their coffee plants and replace them with more profitable cash crops. Despite these challenges, coffee still remains the largest export crop in the country.

Education 152
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[Guide] How to Implement Digital Tip Payouts at your Restaurant

7 Shifts

Restaurants without team management tools may miss out on top talent, like those who value tech: Gen Z. 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.

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Coffee News Recap, 10 Feb: ICO says coffee prices remained stable during January, Luckin Coffee opened nearly 500 stores last month & other stories

Perfect Daily Grind

International Coffee Organisation says coffee prices remained stable during January 2023. Despite a decline in global exports, the organisation reports that the ICO Composite Indicator Price fell by 0.1% The annual event include an exhibition, networking opportunities, and educational workshops. from December 2022.

2023 122
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Best Practices for Trimming Alcohol Overhead in the COVID World

Modern Restaurant Management

As the world of hospitality attempts to recover from the impact of Covid-19, maintaining cash flow and slowly building up revenue are key elements to any establishment’s ability to survive. It’s a delicate balance of cash flow and savings on overhead costs that has restaurant owners scrambling for solutions.