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Despite Improved 2024 Outlook, Labor, and Other Risks May Drag Restaurants Down

Modern Restaurant Management

Quick service, fast casual and bars and taverns have exceeded where they were in February 2020. Nearly 75 percent of the industry executives surveyed in the HUB International 2024 Outlook Executive Survey said it has affected their business’ vitality, leading over half to sharpen their employee recruiting practices. No surprises.

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2022: A Year of Transition for Restaurants

Modern Restaurant Management

Key figures on the restaurant workforce include: Roughly 50 percent of restaurant operators in the fullservice, quickservice, and fast-casual segments expect recruiting and retaining employees to be their top challenge in 2022. Six in 10 fullservice operators say their menu contains fewer offerings now than it did before the pandemic.

2022 200
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Hungry for Growth: The Restaurant Industry in 2022

Modern Restaurant Management

In addition, 75 percent of restaurant operators say recruiting employees was their top challenge, the highest level ever recorded. As seen first with many fast casual chains, we expect more differentiated benefits packages to continue to emerge as a way for restaurants to fill much needed open positions. Growth of New Business Models.

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NCR Reveals 2022 Hospitality Trends and Predictions

Modern Restaurant Management

While sales are trending higher, the National Restaurant Association reports three in four operators say recruitment and retention is their toughest challenge. Can I get you your regular sundae served up your way?” Here are some trends NCR is watching as move into 2022. Tackle the Labor Shortage with Hiring Incentives.

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A Guide to Black Box Intelligence Data: How to See Current Trends Broken Down by Restaurant Category

Black Box Intelligence

That’s who we serve at Black Box Intelligence. Quick-service and fast casual restaurants fall under the limited-service umbrella. At full-service establishments, customers typically order their food at a table or counter, are served by waitstaff and pay after consuming their meal. Fast casual restaurants. Fine dining.

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4 Ways Tech Can Cut Labor Costs

Restaurant365

This article was published in Fast Casual. For instance, restaurants can track the productivity of labor as a percentage of sales through data metrics such as customers served per labor hour, or sales per labor hour (SPLH). Recruiting and retaining high-quality employees is a recurring issue for many restaurants.

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Crypto Impact on Restaurants - Fresh Mex Moves and McD Goes All-in on Podcasts

Foodable

Fresh Mex Moves with Torchy’s Rypka was serving as interim CEO for the Austin, Texas-based chain following the retirement of former CEO GJ Hart , which was announced in November. Chipotle Chippy Chipotle has recruited a mechanical employee to take the weight off the hard-working humans. Benjamin Cardin (D-Maryland) and Sen.