Search Results for: turnover – Page 4

Compeat technology helps restaurants drive prime costs down and make smarter decisions As managing a restaurant grows increasingly complex with ever-changing labor laws, high employee
As a restaurant operator, you may not have control over staff turnover or a new restaurant opening next door, but if you’re serious about achieving
...Automating accounts payable (AP) in restaurant accounting software can eliminate manual, time-consuming tasks, optimize invoice processing, and add money to the bottom line. Restaurants, with
...needs to consider operations, accounting for different shift needs, the labor costs budget, and special events. Finally, to keep staff satisfied and reduce employee turnover,
...employee data when working to meet your labor cost goals. Employee preferences are a factor to keep in mind, as increased employee satisfaction can lead
...distancing guidelines. With a ghost kitchen, your sales are not limited by the number of seats at your restaurant. You also have a lower dependency
...your monthly margins. Ineffective restaurant hiring practices lead to high turnover and poor team cohesion. The list of operational challenges goes on and on. A
...brainstorming with your staff to understand where they see possible improvements. 8. Hire the Right Employees Finally, to cut down on the cost of a
...community through high quality ingredients, a welcoming environment, responsible service and local outreach.” Challenge Mr. Foust explained the hiring challenge that is nearly universal for
...metrics like CoGS, inventory turn, menu item profitability, labor cost and employee turnover are key to reducing operating costs and increasing sales to add profit
...with a higher turnover rate than other industries, but the current restaurant staff shortage is nearly unprecedented. Some operators are even decreasing hours or closing
...article was published in Hospitality Technology. By John Moody, Restaurant365 Chief Strategist and Co-Founder The restaurant industry has historically had a high turnover rate, but
...inventory turnover rate. Reduce spoilage Organize your inventory so that the oldest items are used first and newer items are used later. This requires time
...in this category. Food cost fluctuations, sales variances, and staff turnover can make evaluating recipes and adjusting menus difficult. The good news is we’re here
...their operations and deliver a quality customer experience without paying monthly software fees or paying for lots of expensive hardware, to multi-location businesses with high
...overhead. Let’s start with tips for controlling labor costs. Hire flexible employees Restaurant turnover is ridiculously high and training costs are expensive. Employees who can
...considered burnout. The physical and emotional stress of job burnout not only cause increased manager turnover but can also lead to serious medical conditions including
...expectations for a restaurant general manager? Hiring and retaining restaurant staff. Restaurant hiring and training requires consistent effort. Many restaurants struggle with issues surrounding employee
...with record levels of job openings and rising wages, turnover, which was always costly, is now even riskier. With restaurants operating on tight budgets and
...perform a certain task. 4. Improve employee retention and reduce churn We all know the turnover rates in the restaurant industry are high. And the
...fall short in this category. Food cost fluctuations, sales variances, and staff turnover can make evaluating recipes and adjusting menus difficult. The good news is
May 17, 2025
...and providing flexibility. Reduce costly turnover by ensuring employees are paid accurately, on time, and in the way they prefer. Ensure Compliance Across Finance, Operations,
People are the secret ingredient that makes restaurants shine. Yet managing a team of people within a restaurant is also one of the industry’s biggest
...HR department, in an industry where profits can be very thin. Staffing Challenges The restaurant industry can be challenging when it comes to staffing. High

Restaurant365 bridges the gap between accounting and operations by centralizing all data, helping restaurant operators to become more efficient, accurately forecast, and tackle any challenge or opportunity with speed and accuracy.