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[Guide] How to Implement Digital Tip Payouts at your Restaurant

7 Shifts

found Gen Z workers are set to triple by 2030 , reaching 51 million. Make sure to consider these key factors from both the administrative and employee perspective: Pricing: Consider whether the platform charges a flat fee (monthly or annual), a percentage of tips, or a combination of both. A report commission by Snap Inc.

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Succession Strategies for Restaurant Owners: Safeguarding Your Legacy 

Modern Restaurant Management

Within weeks, his corporation declared bankruptcy, leaving 500 employees wondering if they would keep a job and putting $30 million dollars of sale volume at risk for the brand. In addition, family members, employees, and key operating partners must be on board with your wishes.

2030 180
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From 2019 to 2020: Tech-xtualizing the Three Major Challenges Restaurants Face

Modern Restaurant Management

trillion in sales by 2030. For instance, the growth of delivery led to uncharted operational struggles, with more business came heightened compliance risks and of course, with more customers came labor-related headaches. The average tenure of a restaurant employee is just one month and 26 days. Labor Wars.

2019 185
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State of the Industry and More Restaurant Research

Modern Restaurant Management

Eighty-seven percent of operators say they'll likely hire additional employees during the next 6–12 months if qualified applicants are available. million by 2030. Only one in ten operators think recruiting and retaining employees will be easier in 2023 than it was in 2022. Michelin Guide restaurants per square mile.

2023 203
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How to Train Your Restaurant Staff When It Comes to Food Safety

The Rail

This scale of operation only seems to be on the rise, with the projected number of restaurant employees expected to grow to 17.2 million by the year 2030. A 2017 study by CDC estimated that almost half of food allergy-related deaths occur in food establishments. million food workers. Operational challenges.

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COVID-19 Restaurant Industry Trends

The Restaurant Group

million employees (as of 2019), both of which have been especially hard hit by the necessary restrictions. According to Euromonitor , ghost, or “virtual”, kitchens could be a $1 trillion business by 2030. Now more than ever, health insurance is essential to employees’ wellbeing. Rise of Ghost Kitchens.

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The Ultimate Guide To Restaurant Profit Margin

The Restaurant Times

This is because your net profit margin accounts for all restaurant-related costs, not just those related to food preparation and service. This is due to several factors, including fewer employees, increased sales, and more inexpensive ingredients. trillion in revenue due to food waste by 2030.