Remove 2022 Remove Accounting Remove Scheduling
article thumbnail

2022 Restaurant Insurance Update

Modern Restaurant Management

According to the National Restaurant Association , the dining industry should generate $899 billion in revenues in 2022. Midway through 2022, COVID-19 is still a problem, albeit nowhere near the size and scope of 2020 and 2021. ” The Takeaway on Restaurant Insurance Trends in 2022. with many having to shut their doors.

Budgeting 208
article thumbnail

How Restaurants Can Attract and Retain Workers Tempted by Retail Holiday Job Offers

Modern Restaurant Management

Restaurants are still suffering from a labor shortage – according to the National Restaurant Association , as of September 2022 “eating and drinking places [were] still 560,000 jobs (or 4.5%) below their pre-pandemic staffing levels – tops among all U.S. industries.” Using technology to automate hiring.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What Does 2024 Look Like for the Restaurant Industry?

Modern Restaurant Management

A Look Back at 2023 To gauge the state of the restaurant industry, including the industry’s most pertinent worries around food and labor costs, Restaurant365 conducted a survey of over 730 customers representing 14,000+ locations in December 2022 and again in September 2023.

article thumbnail

11 Restaurant Marketing Strategies That Work in 2021 & 2022

7 Shifts

Anyone, whether an individual, a restaurant, or a random person can create an Instagram, Linkedin or Twitter account. See why 500,000+ restaurant pros choose 7shifts for scheduling and team management. Consider online marketing for restaurant engagement to be a long-term commitment. The key is in the way they handle their social media.

Marketing 158
article thumbnail

Four Hidden Costs of Turnover and Tangible Strategies to Increase Retention

Modern Restaurant Management

For operators in the restaurant industry, facing all too familiar workforce pressures in 2022, greater retention should be this year’s focus. Accounting for inflation, $1.00 This, combined with the unrealized WOTC credits, these two factors alone account for over $60,000 annually. in 2006 is equivalent to about $1.38

article thumbnail

Outdated Health and Safety Checks Are Holding QSRs Back

Modern Restaurant Management

Optimizing employee management and centralizing communications holds employees accountable for following health and safety procedures, whether that be ensuring that employees wash their hands properly or designated areas are kept clean. For example, managers can easily adjust cleaning schedules and ensure assignments are completed.

article thumbnail

Canada, Latin America had healthy 2022 construction pipelines

Hotel Business

Lodging Econometrics (LE) reports that both Canada and Latin America saw growth in their respective hotel construction pipelines for 2022. At year-end 2022, projects presently under construction in Canada stand at 52 projects/6,593 rooms. Canada had 29 new hotels, accounting for 3,213 rooms open in 2022.