How Instant Access to Wages Can Meet the Needs of a Changing Restaurant Workforce

It’s no secret to anyone involved in the restaurant business - or anyone that’s even stepped foot in one these past couple of years - that the industry is facing a staffing crunch of unprecedented proportions.

With more than one million baby boomers retiring from the workforce in 2020, coupled with the four million Americans that have voluntarily left the workforce, there are nearly 11 million jobs that are still in need of being filled, according to the U.S. Bureau of Labor Statistics. 

But even before the industry was in the throes of the COVID crisis, a record 70 percent of businesses in the U.S. reported a talent shortage, a stark contrast to the 32 percent of businesses who reported this only five years earlier.

The labor shortage, the most acute since 1968, has employers competing for workers of all backgrounds. Ballooning job openings in fields such as hospitality, transportation and manufacturing, has ultimately given workers the upper hand. 

So how can employers…