How Labor Optimization Can Increase Top Line Revenue & Improve Customer Experience
What is ‘labor optimization’ and how is it supposed to apply to my business? We break down the logic behind this forecasting methodology, as well as how poor labor optimization can negatively impact your restaurant’s budget. Read on to learn how to drive a perfect shift and in turn, an excellent guest experience!
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Staffing challenges have forced many restaurants, retail stores, and hotels to limit hours or close entirely from a lack of workers. Keeping teams in place has become just as important to profitability as hiring them in the first place, and employers have scrambled to add perks and benefits to retain staff.
As America emerges from pandemic restrictions, customers are returning but staffing is not rebounding at a comparable pace. As the industry becomes more competitive, technology adoption separates the winning restaurants with those still struggling with staffing challenges because they are burdened by the inefficiencies of the past.
As with most IRS or other government-related changes, the details are a bit confusing and there is much left up to interpretation for your HR and Finance teams.
Paying your employees accurately and on time should be pretty simple, right? Well, ask any payroll administrator - it’s not exactly a walk in the park.
