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labor costs

Workforce

What’s a union contract look like?

 By Peter Romeo on Dec. 20, 2021

Burgerville, the regional quick-service chain, found out through more than three years of negotiation with the union representing the staffs of five units. Here’s the agreement that was finally approved.

Financing

When will the labor market normalize? It’s uncertain

 By Jonathan Maze on Dec. 16, 2021

The Bottom Line: The labor force participation rate remains stubbornly low. The continued pandemic is likely to keep it that way for a while.

Financing

Fed chairman: Omicron variant could push inflation pressures ‘well into next year’

By Jonathan Maze on Nov. 30, 2021

The combination of more inflation concerns and the variant sent restaurant stocks tumbling once again on Tuesday.

Workforce

Want to get through the labor shortage? Get creative

By Jonathan Maze on Nov. 29, 2021

Jim Balis, managing director with CapitalSpring, says operators should try everything from artificial intelligence to cryptocurrency to help get workers.

Financing

How operators can navigate twin inflationary waves

By Jonathan Maze on Nov. 17, 2021

A Deeper Dive: Jim Balis, managing director with CapitalSpring, joins this week’s episode to talk about overcoming labor and commodity inflation.

Workforce

After 3.5 years, Burgerville and its employees' union have a labor contract

By Peter Romeo on Nov. 15, 2021

The negotiations stretched across 51 meetings, all the way back to June 2018.

Financing

Labor and commodity costs hammer big Burger King franchisee Carrols

By Jonathan Maze on Nov. 11, 2021

The operator’s dual inflation issues highlight problems restaurants are having in the current environment. But it also sees some improvement.

Financing

GJ Hart believes restaurants got a ‘wake-up call’ on labor

By Jonathan Maze on Nov. 09, 2021

The now-former CEO of Torchy’s Tacos says brands that make a “genuine investment” in people will win in the long term.

Workforce

Restaurant hiring leaps in October

By Peter Romeo on Nov. 05, 2021

New government figures show eating, drinking and lodging places added 164,000 employees.

Workforce

Minimum wage expected to hit an all-time high in Southern California

By Peter Romeo on Nov. 05, 2021

West Hollywood is moving toward a pay floor of $17.64 an hour.

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