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Mastering Worker Classification: Seven Essential Tips for Restaurant Owners

Modern Restaurant Management

Benefits and Protections Full-time employees are often entitled to benefits such as health insurance, paid leave and retirement plans, whereas part-time and temporary employees may not be. Independent contractors usually have greater flexibility, provide their own tools, and are often hired for specific projects or short-term engagements.

Audits 418
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2021: A Year of Navigating Shortages

Modern Restaurant Management

To help operators move forward, let’s take a look at some of the challenges the industry has experienced in 2021 and how they can come out on top in 2022 and beyond. These include sign-on bonuses, higher wages and the offering of health insurance. Labor Shortages. Food Shortage.

2021 474
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Ultimate Restaurant Payroll Guide 2021

7 Shifts

Health insurance plan opt-in forms. Ultimate Restaurant Payroll Guide 2021 for retirement savings plans, such as a 401(k). Federal Insurance Contributions Act (FICA) taxes : Employees and employers split paying into Social Security and Medicare. Deductions for benefits like health insurance, 401(k), dental, vision, etc.

2021 370
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Pandemic Pivots Don’t Offset Restaurants’ Need to Manage Looming Risks

Modern Restaurant Management

For the 12 months ended March 31, 2021, their pace of digital orders was up by 207 percent, versus 98 percentthrough direct restaurant ordering. Everybody in the world is hiring at the same time.” Hiring bonuses are also being offered. Risks to Look Out For. As the co-owner of two Asheville, N.C.

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Restaurants Turn to Hiring Bonuses to Entice Workers

EATER

Applebee’s declared May 17 National Hiring Day in an effort to fill more than 10,000 roles across the country, a response to a recent record demand: The chain “achieved two of its highest-volume months ever in March and April,” according to FSR, which must have felt an especially remarkable feat for the workers at the understaffed restaurants.

Hiring 284
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Emerging Trends in Restaurant Benefits

Modern Restaurant Management

Likewise, forecasting costs and building budgets will mean understanding medical costs as well as the hiring market. In 2021, smaller plans that are often fully insured (fewer than 500 participants) saw a 9.6-percent In 2021, smaller plans that are often fully insured (fewer than 500 participants) saw a 9.6-percent

Insurance 531
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Save Big: Top Restaurant Tax Deductions & Credits

Harbor Touch

Work Opportunity Tax Credit: Hire Smart Hiring veterans, ex-felons, or folks from empowerment zones? The Work Opportunity Tax Credit (WOTC) gives you up to 40% of their first-year wages, max $2,400 per hire. Example: A diner I know hired two vets, claimed $4,800. Staff pay: salaries, insurance, bonuses.