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The hiring shortage and the fallout from "The Great Resignation" that saw 47 million U.S. workers quit their jobs in 2021 is still in full swing, particularly in restaurants. Data from the Bureau of Labor Statistics finds that restaurants have seen the largest number of resignations of any employment sector, with the year-over-year quit rate rising from 4.8 to 6.9 percent, with many workers citing take-home pay as a big factor for quitting.
The restaurant industry is constantly changing. And the innovations have come at a breakneck pace the past few years. Restaurant owners are experimenting with new business models, new technologies, and new ways to create a company culture built to last. OpenTable highlighted the most cutting-edge restaurants in 17 US cities to help local diners discover great new places to dine where they live.
Technomic's Take: Younger consumers are not cutting back because of higher prices. But they are looking for the right deal. Here's how operators should respond.
Whenever we (chefs) look back on our time in the kitchen, we’re able to categorize experiences in one of three silos: a learning experience, mission accomplished, or inspiration. Each experience is a moment in time, something that we might want to replicate or forget, but something that will never appear in the exact same manner again. It is just one of those flashes of inspiration or disappointment occurring for a reason, a reason that changed your approach even just a little bit, something add
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
Bar inventory control is essential to successful bar management. Without. proper inventory management , bars and restaurants can end up with too much inventory, which increases tied-up capital and the risk of waste, or too little inventory, which can result in lost profits.
2023 is the year that sustainability and social consciousness in new restaurant design and construction will engage the industry. With an increased awareness of their impact on the environment, customers are actively looking for restaurants that demonstrate sustainable solutions to global issues more than ever before. Restaurants and cafes will begin to advertise at scale … Read More.
Confusion Around Wage and Hour Law Can Be Costly for The Restaurant Owner. Most restaurant owners know that federal wage law (“FLSA”) permits employers to take a “tip credit” and pay employees who traditionally receive tips—such as servers and bartenders— wages that are less than the federal minimum wage as long as the tips make up the difference.
Confusion Around Wage and Hour Law Can Be Costly for The Restaurant Owner. Most restaurant owners know that federal wage law (“FLSA”) permits employers to take a “tip credit” and pay employees who traditionally receive tips—such as servers and bartenders— wages that are less than the federal minimum wage as long as the tips make up the difference.
Technology is crucial to the success of modern restaurants. Many software companies are now focusing on the restaurant business that offers solutions to enhance operations — from the customer experience to how the business runs. Yet, we found out that about 45% of restaurant owners have trouble with their legacy technology because it is not flexible.
If 2020 and 2021 were all about helping operators find new revenue streams to reach guests when they couldn’t come into restaurants, then 2022 was all about getting customers back in. Yet, just as virus restrictions lifted and customer demand shot back up, rampant inflation caused consumers to pull back on their spending, slowing restaurant recovery.
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
How drinking chocolate made its way from Mesoamerica to the sweet shelf-stable powder that fueled my childhood Here’s something that happens every time I go to Singapore. The first morning I wake up in my grandmother’s flat, I take a short and sweaty walk to my neighborhood kopitiam and buy myself the same breakfast: two orders of roti pratha with goat curry and an iced Milo.
Super Bowl Sunday is one of the most important days for restaurants across the United States. On this day, millions of people gather to watch the biggest game of the year, and many of them do so at restaurants and bars. This means big business for restaurants, and a surge in customers and sales. In 2019, diners spent $81.30 on average during Sunday's game.
If you want to have a successful restaurant, great food is not an option — it is a necessity. After all, people go to restaurants to eat. If they are not satisfied with the quality of their meal, they will stay away and likely tell their friends and families to do the same. Still, great food is not enough. Any restaurant can have great food. Unless your kitchen is managed by an award-winning, cookbook writing, celebrity chef, you will need to move beyond great food to elevate your restaura
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Date night at Food House in London with Manny and Ceanna. How diners dress for hot pot at Food House, one of the hippest restaurants in Central London Welcome to Best Dressed , an Eater series where diners show and tell what they’re wearing out to eat, from the small details to the splashy pieces — and how they approached getting dressed for each spot’s specific scene.
Restaurants have been a staple for many couples celebrating Valentine’s Day together. According to researchers, Valentine’s Day is the second busiest holiday for restaurants, with about 25% of Americans dining out. 1 Valentine’s Day is the best time to create promotions to help increase your restaurant’s profit. However, many couples have been reported to want to stay in for Valentine’s Day, knowing that restaurants will most likely be crowded.
Learn how the foodservice industry can stay competitive and fresh amid widespread food and labor shortages. As consumers watch food prices continue to rise, the demand for cost-effective meal solutions are prompting c-stores, full-service, and quick-service restaurants to increase their offerings. The sudden demand surge is often more than suppliers can handle, leaving many restaurant and c-store operators without staple ingredients.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Natalie Nelson /Eater Into the 1980s, the heart of the California food revolution was also a hub of French fine dining. Why did the goat cheese and sundried tomatoes win? In California, if you’re going to spend over $100 for two on a night out — maybe more like $200 these days — the experience must meet certain expectations. The produce should be fresh and seasonal, sourced from your city’s flagship farmers market.
December to February is considered the peak of flu season , and in a post-pandemic world, people are doing everything they can to avoid getting sick. Especially during and right after the holiday season. As a restaurant owner and manager you want to make sure your staff and customers are protected every time they come in to order food from your establishment.
Over the past few years, it’s been impossible to ignore the meteoric rise of oat milk in specialty coffee. In fact, oat milk is so popular that it’s now uncommon for a coffee shop not to stock it. According to research from World Coffee Portal in 2021, 16% of UK consumers have tried oat milk in a coffee shop in the past 12 months – making it the most popular plant milk in the country.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Giafrese. Every meal is in its own way a magic trick, but at magician-led dinner theater, there’s true wonder in watching the transformation When the cloche lifted, I saw the word “Glass” scrawled atop a slab of chocolate mousse. I stood up and announced to the 28 people sitting at the table with me: Yes, that was the word I had silently written down just minutes earlier — the first word that popped into my head after a round of word association, which magician Scott Silven told me to keep to my
The restaurant industry is projected to decline by 1% in the new year. This expected decline is due to diminishing consumer demand brought on by a projected economic recession. While this is causing prices to skyrocket throughout every industry, restaurant inflation is causing headaches in every aspect of the business. So what can you do to stay afloat in the upcoming year?
For decades, espresso machine design and technology have been evolving to meet the ever-changing needs of coffee shop owners and baristas. From multi-boiler systems and automation to custom branding , there are now more factors to consider than ever before when it comes to the design of an espresso machine. Many businesses choose to position their espresso machines as the centrepiece of their coffee shops – and for good reason.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
By Indiana Lee, Contributor Technology seems to have its hand in every industry, elevating and modernizing businesses left and right. But let’s talk specifically about the food industry. Tech optimization in the food industry is ever-evolving, mainly because of the constant changes in the hospitality and restaurant sector. For example, there’s a spotlight on automation integration.
TORONTO , Jan. 12, 2023 /CNW/ - For the 7th time since 2013, Sculpture Hospitality, the leading pioneer in the food and beverage inventory management industry, has once again been named one of the top 500 franchises in North America , ranking #384 in Entrepreneur Magazine's Franchise 500®, increasing its overall ranking by 40 spots since 2022.
The companies’ joint initiative will provide $1 million for sustainable packaging solutions to qualifying Uber Eats restaurants in New York, Los Angeles, London, Paris and Madrid.
Every Friday, Perfect Daily Grind rounds up the top coffee industry news from the previous week. Here are this week’s stories. Mon, 16 Jan World of Coffee Dubai 2023 attracts more than 12,000 visitors from 48 countries. The event, which was held at the Dubai World Trade Centre, also included over 180 exhibitors and 36 volunteers. WoC Dubai also hosted the 2023 UAE Barista Championship, with Mariam Erin Pinza of Cosmic Garden Coffee Roastery announced as the winner.
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
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