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15 Restaurant Metrics to Know and How To Use Them

7 Shifts

Numbers can give us insights into everything from profits and losses to average customer spend to how often employees cycle through. Employee turnover rate. Labor cost includes all labor-related categories: Employees, both hourly wages and salaries. Employee Turnover Rate. What is employee turnover rate?

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The Ultimate Guide to Restaurant Costs

7 Shifts

Cost of goods sold is the raw material cost of your beverages and food, and labor cost includes actual labor, employee benefits, payroll taxes, healthcare, and bonuses. increase from 2016. Also, ensure all employees have access to your employee handbook to prevent any human error from costing you money. Fast casual: 28.9%

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The Museum of Ice Cream’s Not Only an Instagram Fantasy, It’s Also a Nightmare Workplace

EATER

but as the museum plans its reopening, hourly and salaried employees alike lay out a pattern of abuse and disrespect, stemming from the company’s founder. Maryellis Bunn, who founded the Museum in 2016, required everyone at the company to take on an ice cream nickname, according to the report. Cindy Ord/Getty Images.

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MRM Research Roundup: Mid-April 2021 Edition

Modern Restaurant Management

The most popular COVID-related safety offerings people look for when booking a venue included outdoor spaces (47 percent) and socially-distanced floor plans (40 percent). Catering is still a promising source of revenue for restaurants, hotels and venues to continue to capitalize on. Read Delaget's 2020 QSR Operational Index here.

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Top 3 Takeaways from Black Box Intelligence’s State of the Industry Webinar

Black Box Intelligence

And at the center of every successful transformational strategy, there needs to lie a single source of truth, a data solution that allows you to easily collect, translate, and share cross-departmental data so you can make informed decisions that ensure long-term success. fewer front-of-house hourly employees.

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Waffle House Claims to Be About ‘People.’ Its Own People Say Otherwise.

EATER

But to some hourly employees, that core concept has rung hollow during the pandemic. Jamie* was less than a month into their new job at a Waffle House in Florence, South Carolina, when they were called in to work during Hurricane Matthew in 2016. The idea of “family” is key to the restaurant chain’s image.

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Restaurant Accounting Basics

Lavu

Labor costs include salaried employees, hourly wages, benefits, taxes and tips. In Washington, for example, employers must pay employees a minimum of $12 per hour as of April 2019. requires that employees receive a minimum wage of $15 per hour, which is twice the national minimum. Tipped Employees. tipped employees.