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Health Insurance Requirements for Small and Medium Businesses

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Health Insurance Requirements for Small & Medium Businesses. How offering affordable health benefits to your employees can work wonders for recruiting and retention. H ealth insurance is one of the most important benefits an employer can offer, regardless of size. Are Small Businesses Required to Offer Health Insurance?

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Assessing Coronavirus Insurance Coverage Risks for Restaurants

Modern Restaurant Management

For that reason, restaurant and business owners typically carry business income coverage, also referred to as business interruption coverage, which is insurance coverage intended to replace lost income in the event business is halted or interrupted for some reason, such as a natural disaster.

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Direct Labor Cost: Definition, Calculation, And Tips From The Experts

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The dictionary definition of direct labor cost is: Wages incurred in order to produce goods or provide services to customers. The reality of the concept, though, goes well beyond just the hourly rate you pay your employees. Here are the employee’s details: Works full time Paid hourly Pay rate equals $20 per hour Requires 0.5

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How Bars and Restaurants Can Prepare for a Safe Football Season

Modern Restaurant Management

Ahead of this year’s football season, the team at Society Insurance has put together the top four tips on how a restaurant and/or bar can protect themselves, their patrons and their employees as well as create a safer environment for football season and beyond. Obtain Liquor Liability Insurance.

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What’s Next with Paycheck Protection Program (PPP) for Restaurants?

Modern Restaurant Management

Some staggering statistics on the restaurant industry during this pandemic include: Restaurants, on average, laid off 91 percent of their hourly workforce and 70 percent of salaried employees due to COVID-19 related closures ( James Beard Foundation ). Covered Period. Reductions in Average Full-Time Equivalency.

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Damage Control: How Recent Changes to the FLSA and NLRA May Affect Your Status as a Joint Employer

Modern Restaurant Management

For over 60 years, there had been no meaningful updates regarding joint employer status, leaving many franchisors and similarly situated parties wondering – is my entity liable as a joint employer for my franchisee’s/affiliate’s acts relating to employees? Determination of employee’s rate and method of payment.

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Employee Turnover Explained: What It Is And How To Manage It

Sling

Employee turnover is an invisible issue that most managers tend to neglect. But if you want your business to succeed, you need to understand employee turnover and be able to manage it for the better. What Is Employee Turnover? Voluntary Employee Turnover. Conflict with other employees. Lack of engagement.