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2023 Reflections: The Year That Was in Restaurants, Part Three

Modern Restaurant Management

With responsible on-demand pay, employers can give all employees more control over their financial wellness and simultaneously reduce the pressure on payroll professionals caused by increased turnover and new hires. Each year, Modern Restaurant Management (MRM) magazine asks experts for their views on the state of the industry.

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How Much Does It Cost to Open a Restaurant?

SpotOn

Licenses and permits  Every restaurant business has a lengthy list of licenses and insurance needed to open, serve your guests, and protect your business. Ask any owner what it was like opening their first restaurant, and they'll say it was one of the most challenging accomplishments of their career. Let's get into it.

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How to Set Up Online Ordering for Restaurants

7 Shifts

Here are the things you should consider: Things to Consider When Choosing an Online Ordering Platform Does it integrate with my Point of Sale (POS) Will I need to add another tablet to my front of house setup? Look to your restaurant’s website provider or your point-of-sale vendor first to see if there is an integration.

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15 Restaurant Metrics to Know and How To Use Them

7 Shifts

Break-even point. Sales per labor hour. You can now determine what percentage this is off your overall sales to get a picture of your restaurant's financial health. Business is often a game of numbers, and restaurants are no exception. If it's not measured, it won't be managed. Table of Contents: Cost of Goods Sold.

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NCR Reveals 2022 Hospitality Trends and Predictions

Modern Restaurant Management

Tackle the Labor Shortage with Hiring Incentives. While sales are trending higher, the National Restaurant Association reports three in four operators say recruitment and retention is their toughest challenge. Restaurant operators once again find themselves refocusing priorities and altering their plans for 2022.

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8 Reasons Why Restaurant Workers Quit (And How to Retain Them)

7 Shifts

While money isn't everything, it's one of the biggest pain points for restaurant workers right now. We don't have to tell you that the restaurant industry has a turnover problem. As of 2019, hospitality had a national average turnover rate of 75% , and that's only grown since the pandemic. They aren't making enough money.

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17 Awesome Ways To Motivate Your Restaurant Employees

7 Shifts

That's why it is important to learn how to motivate your restaurant employees. We are most productive and responsive when we are happy, so it makes sense to create an environment that fosters this kind of positive emotion. Worse yet, some may leave simply because they do not feel valued or that there is no meaning attached to the work they do.