Restaurant365

AUGUST 21, 2020

For food service and hospitality in particular, an essential part of the guest experience is the interaction with employees. In addition, in the age of social media, your labor practices and HR policies are under closer scrutiny than ever by both your employees and the public. Design an employee onboarding process.

Blog 78

Blog Restaurant Law Recruiting Employee Relations 78

ChowNow

AUGUST 19, 2024

There are multiple sources for inflow and outflow, including: Cash Inflow: Sales Revenue Catering Services Business Loans Cash Outflow: Employee Payroll Inventory Costs Rent & Utilities Your total cash flow is the inflow minus the outflow: Total Cash Flow = Cash Inflow – Cash Outflow Obviously, you want to make more money than you spend.

Cash Management 195

Cash Management Management Management Inventory 195

Hot Schedules

MARCH 29, 2021

Related Posts. Read More Health Insurance Requirements for Small and Medium Businesses Health insurance is one of the most important benefits an employer can offer, regardless of size. Where Business Meets Technology. Assen Kapitanov on His Journey as a Product Owner at Fourth.

Technology 148

Technology Insurance Healthcare Employee Relations 148

Hot Schedules

JANUARY 27, 2021

Employee benefits services. Employee benefits services. This co-employment model establishes your workers as employees of both your business and the PEO, allowing you to distribute employer responsibilities between you and the PEO. What is a PEO & How Can It Help Your Business? Learn everything you need to know about PEOs.

Small Business 145

Small Business Employee Relations Retail Insurance 145

Restaurant365

MAY 26, 2020

Your labor cost includes labor expenses such as wages for both salaried and hourly employees, payroll taxes, health or workers compensation insurance, and any benefits you offer. Employee Wages + Taxes + Benefits + Insurance = Total Labor Cost. Give your prime cost a tune-up by optimizing your inputs.

Point of Sale 148

Point of Sale Employee Relations Inventory Insurance 148

Hot Schedules

FEBRUARY 23, 2022

Employee Turnover is at an All-Time High: 5 Emerging Benefits Trends You Need to Know. The past year has seen employee turnover reach an all-time high , and you’ve likely experienced it at your own business. Employee turnover greatly hampers throughput and cuts into available revenues. b3lineicon|b3icon-24hours|? Bulk Benefits.

Employee Relations 147

Employee Relations Front of House Waste Hotels 147

Restaurant365

OCTOBER 15, 2021

With the help of actionable data and reporting, store managers can help control labor costs, without negatively impacting the customer experience or employee retention rates. Here are a few helpful labor cost terms, along with how they are related to your total labor cost. Hourly Employees. Salaried Employees.

Management 148

Management Management Point of Sale Employee Relations 148

Restaurant365

JULY 24, 2020

The focus of this blog post is to help existing restaurants launch their own ghost kitchens. Third-party apps can take 30% of your delivery earnings and in-house delivery has its own costs, such as salaries, vehicle maintenance, gasoline and insurance. How a ghost kitchen works. Another con is the cost of delivery.

Front of House 147

Front of House Online Ordering Kitchen Safety Customer Service 147

Sling

MARCH 26, 2022

Employee retention should be high on every manager’s priority list. If it’s not, you run the risk of your best employees leaving for greener pastures. But an employee leaving doesn’t just impact you, the manager. And then there’s the inevitable effect all that stress has on employee productivity and engagement.

Small Business 148

Small Business Employee Relations Leadership Tip Distribution 148

Hot Schedules

MARCH 31, 2020

The Small Business Administration (SBA) may provide loans of up to $10 million per business; any portion of that spent to pay employees, keep workers on payroll, or pay for rent, mortgages, or existing debt could be forgiven, provided workers remain employed through the end of June. Impact on Unemployment Insurance.

Website Management 120

Website Management Employee Relations Small Business Insurance 120

Restaurant365

AUGUST 19, 2021

Labor costs (employee wages, payroll taxes, employee benefits, etc.). Occupancy expenses (fixed costs such as rent, property taxes, and property insurance). How your restaurant inventory relates to net profit. Your overall profit margin depends on your sales relative to expenses.

Inventory 147

Inventory Management Management Employee Relations 147

Hot Schedules

MARCH 16, 2020

Communication and education are vital to keeping your diners and employees safe amidst the spread of this disease, which is already having a huge impact on the restaurant industry. . Preloads: Use for corporate communications on insurance changes, policy reminders, etc. . Related Posts. A Message on Coronavirus (COVID-19).

Food Safety 135

Food Safety Communication Employee Relations Insurance 135

Restaurant365

DECEMBER 17, 2019

Recurring restaurant costs would include costs like lease or mortgage payments, employee salaries, food and beverage costs, utilities, insurance and permits. Fixed costs such as insurance, rent, and loan payments do not fluctuate month to month. These recurring costs can be broken down further by category.

Point of Sale 120

Point of Sale License Insurance Employee Relations 120

Hot Schedules

NOVEMBER 10, 2020

Employee Contact Data – Make sure you have clean data going into the end of the year. Also, make sure that you have removed any terminated employees and ensure that they don’t have any outstanding balances for garnishments, vacation, or sick time. Did you have 50 or more full-time employees on your payroll in the previous year?

Insurance 78

Insurance Employee Relations Restaurant Law 2021 78

Restaurant365

AUGUST 19, 2020

For food service and hospitality in particular, an essential part of the guest experience is the interaction with employees. In addition, in the age of social media, your labor practices and HR policies are under closer scrutiny than ever by both your employees and the public. Design an employee onboarding process.

Restaurant Law 131

Restaurant Law Recruiting Employee Relations Food Safety 131

The Restaurant Group

SEPTEMBER 16, 2020

million employees (as of 2019), both of which have been especially hard hit by the necessary restrictions. This 2020 restaurant trend is likely related to a few things – a shift to working from home, a preference for foods that have not been prepared or touched by someone else, and wider availability of grocery delivery services.

Online Ordering 148

Online Ordering Delivery Point of Sale Customer Service 148

Hot Schedules

APRIL 10, 2020

Check with your insurance broker It’s an excellent time to see what kind of coverage you have, what coverage you might need to extend (think Delivery Drivers), and what you have that will protect you now in the current climate. Related Posts. The HotSchedules + Server Life COVID-19 Live Blog. Top Ten Restaurant Task List.

Food Safety 88

Food Safety Guest Recovery Employee Relations Social Media 88

Bingage

JANUARY 15, 2020

Related Read: Different Types of Restaurant Establishments. b) Read restaurant topic related books, successful restroprenuer interviews. Many of the costs related to the restaurant can be estimated. It helps with complete employees training. appeared first on Bingage Blog. Restaurant Marketing study.

Food Truck 96

Food Truck Employee Relations Email Marketing Point of Sale 96

Hot Schedules

MARCH 11, 2021

The Employee Benefits Outlook Post COVID-19. How the pandemic has affected employee benefit trends and expectations in the hospitality industry. Support Employees Getting COVID-19 Vaccinations. Therefore, think about what steps you’ll take to convince and help employees get their vaccinations when they’re eligible.

Employee Relations 78

Employee Relations Insurance Recruiting Hospitality 78

Hot Schedules

FEBRUARY 8, 2021

E ffective human resources administration is table-stakes for keeping your employees happy and engaged. After all, your employees are the heart of your business, and in order to create great customer experiences, you have to ensure that you’re also creating a great employee experience. b3lineicon|b3icon-user-connection|?|User

Employee Relations 78

Employee Relations Small Business Customer Service Hiring 78

Restaurant365

SEPTEMBER 23, 2021

The costs of running a restaurant can be broken into four basic categories: Labor cost: all expenses related to labor, including hourly wages, salaries, payroll taxes, and any employee benefits. Occupancy expenses: the fixed costs of your restaurant’s location, such as rent, property insurance, and property taxes.

Cash Management 147

Cash Management Point of Sale POS Inventory 147

The Restaurant Times

JUNE 1, 2022

In fact, an average American consumes ~23 lbs of ice cream and related frozen desserts every year. This blog post will give you a clear idea of precisely what you need to do to turn your sweet dream into a freshly served reality. Get Business Insurances. General Liability Insurance. Commercial Property Insurance.

License 52

License Insurance Employee Relations Website Management 52

Harbor Touch

NOVEMBER 21, 2022

This blog post will give you some valuable tips on how to open a bar that will keep people coming back for more. Make sure you understand all the laws and regulations related to alcohol sales in your state. Also, understand all the costs associated with opening a bar such as insurance, licenses, staffing costs , etc.

Bar 78

Bar License Restaurant Law POS 78

Margin Edge

APRIL 16, 2020

In short order, we hope to have three additional posts covering the impacts of unemployment insurance on the PPP, creative and high impact ways to deploy your PPP funds, and the specifics around documentation as you begin to think about reimbursement. You can hire employees who would be more suited for your current operations.

Employee Relations 98

Employee Relations Government Point of Sale 2020 98

Restaurant365

OCTOBER 23, 2019

COGS totaled takes into account the ingredients that make up your food andbeverage sales, and related supplies (like napkins or coffee filters). It’s important to note that COGS doesn’t include one-time, non-inventory-related costs, like repairs for a broken oven, new barstools, restaurant decorations, or utility bills.

Point of Sale 74

Point of Sale Inventory Employee Relations Insurance 74

Restaurant365

AUGUST 25, 2020

Common fixed costs include: Rent, insurance, and property tax. Turnover, new employees, furloughs and layoffs can combine to complicate payroll. For more no-cost and low-cost marketing ideas, read the blog post, 13 Restaurant Marketing Ideas and Tips for Driving More Customers. These costs do not fluctuate. Utility bills.

Cash Management 97

Cash Management Seasonal Menu Inventory Email Marketing 97

Restaurant365

APRIL 20, 2022

These are taken by media (84%), insurance (83%), IT services (81%), telecom (78%), banking (75%), and retail (63%). You should take the time to make sure that employees are properly trained, and that you clarify your expectations on customer engagement, cleanliness, and ticket times. Or the food took unusually long to come out.

Loyalty Program 78

Loyalty Program Customer Service Customer Experience Employee Relations 78

BNG Point of Sale

SEPTEMBER 2, 2021

This blog post will go over the typical restaurant overhead costs and expenses, including rent, utilities, labor wages for employees, licenses and permits, food cost percentages, and more. Operating expenses, which are not related to production, are overhead costs. Business insurance . A rising tide raises all boats.

Employee Relations 52

Employee Relations License Point of Sale Food Supply 52

Restaurant365

JUNE 17, 2020

Your payroll is the process of calculating and distributing wages to your employees. The restaurant industry faces a lot of industry-specific regulations on payroll, with laws regulating hourly employee scheduling and tipped wage workers, as well as compliance with the Affordable Care Act regarding seasonal and variable hour employees.

Tip Distribution 78

Tip Distribution Point of Sale Employee Relations Restaurant Law 78

Restaurant365

APRIL 19, 2022

How to manage labor cost is a challenge that all restaurant operators face daily as many restaurant businesses are forced to offer more competitive wages, benefits to hourly employees and other concessions to attract more employees from the shrinking applicant pool. Total Labor Cost. Labor Cost Percentage. This is your labor variance.

Point of Sale 78

Point of Sale FOH Front of House Back of House 78

Restaurant365

OCTOBER 22, 2021

Typically, your total labor cost accounts for “fully burdened labor”, which includes your hourly and salaried wages, payroll taxes, benefits like health insurance or vacation days, bonuses, overtime, and more. For our hypothetical example, suppose that your restaurant has a total labor cost of $10,000 for a specific period.

Point of Sale 78

Point of Sale Insurance Inventory Cash Management 78

Restaurant365

MAY 14, 2021

Your restaurant’s chart of accounts lists all the important financial information related to the business. This includes hourly wages, salaried wages, payroll taxes, and any employee benefits you offer. Occupancy expenses are the fixed costs of your physical location, such as rent, property taxes, and property insurance.

Management 78

Management Management Point of Sale Inventory 78

Restaurant365

OCTOBER 14, 2020

Operating expenses also include fixed costs like your rent, utilities, or insurance. Finally, when looking at your labor cost budgeting, make sure to look at not only the wages or salary of your labor, but also payroll taxes and any employee benefits that make up your “fully burdened” labor cost. Calculate Net Income.

Point of Sale 78

Point of Sale Email Marketing Advertising Cash Management 78

Apicbase

JUNE 16, 2023

This blog provides an organised overview of the key metrics multi-site restaurant brands should track. How to Process Restaurant Metrics To process restaurant metrics, you must gather data on various aspects of your restaurant’s operations, such as sales, expenses, customer satisfaction, and employee performance.

Point of Sale 52

Point of Sale Inventory Waste Employee Relations 52

Hospitality Insurance Group

DECEMBER 5, 2019

Now that we are closer to the holidays, Hospitality Insurance Group urges business owners to have a Service of Alcohol policy in place to help prevent alcohol-related incidents. Not only does it support your employees, it also lets patrons know that you are watching them.”. Sandra Haley, Sr.

Insurance 60

Insurance Employee Relations License Hospitality 60

Hot Schedules

MAY 18, 2021

As a show of the way we stood by our customers throughout the pandemic, we asked our employees to eat local and support their favorite eateries however safely possible. As a show of the way we stood by our customers throughout the pandemic, we asked our employees to eat local and support their favorite eateries however safely possible.

Employee Relations 148

Employee Relations Franchise Franchising Point of Sale 148

EATER

AUGUST 22, 2022

I can’t claim to know everything about food,” she wrote in 2010, the first line of the first entry of her old blog, “but I do know how to find food.” Regan’s time at Trio — as a “manager of guest relations,” or host; as a reservationist; staging — honed her instincts and developed her fine dining sensibilities. Vaneda Vireak.

Fine Dining 264

Fine Dining 2012 Reference Social Media 264