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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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Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

Managing a restaurant is not for the faint-hearted. A restaurant budget allows restaurant owners and managers to see directly if they are meeting their income and expense benchmarks. Promotes proactive decision-making Restaurant owners and managers must adapt quickly to be successful and retain their competitive advantage.

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Invest in Employees with Affordable Health Care

Modern Restaurant Management

Lack of health insurance isn’t considered one of the major reasons the hospitality industry has, according to the U.S. A recent survey found that low pay, lack of recognition and bad management are three of the major variables. Bureau of Labor Statistics, a churn rate north of 70 percent. It’s understandable.

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Just Launched: 7shifts Tip Payouts!

7 Shifts

I'm excited to introduce Tip Payouts , an easy-to-use tip payment solution that empowers restaurant managers to send tips directly to employees' bank accounts in seconds. Our tip management journey started back in September 2021 with the release of our Tip Pooling feature, which covered the calculation portion of the process.

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Restaurants Aren’t Raising Employee Medical Premiums, But Costs Are Going Up

Modern Restaurant Management

Then we’ll review the best strategies for plan cost management. Self-insurance is not for every employer, and the components must be properly constructed to generate savings and simultaneously, manage risks. Stop loss coverage : A self-insured plan will need protection from high-cost claims, i.e., stop loss insurance.

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What Your Restaurant Needs in its Sexual Harassment Policy

Modern Restaurant Management

Internal complaint procedure This section should discuss how management and/or HR will handle the sexual harassment complaint, step-by-step. Employee rights Refer to your state’s employee rights and make sure to go over them in this section. Are your existing standard operating procedures working as well as they could?

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Restaurant Bookkeeping: Comprehensive Guide to Master Bookkeeping

7 Shifts

Table of Contents 5 easy steps to simplify bookkeeping in the restaurant industry Essential accounting and bookkeeping reports for restaurant owners and managers Identifying and reducing controllable costs in the restaurant business Should I outsource restaurant bookkeeping or do it myself? What can 7shifts do for you?