Continue to Site >>>

labor costs

Workforce

Labor issues are pressing the brakes on chains' expansion, study finds

 By Peter Romeo on Apr. 07, 2022

The quality of potential hires is more of an issue than the quantity, the report from the International Franchise Association shows.

Workforce

Overtime costs surge for restaurants as fewer workers shoulder the workload

 By Peter Romeo on Feb. 18, 2022

Employers are also finding that more hours are needed because new hires aren't as efficient.

Operations

Multiconcept operator Ark Restaurants shows how distant 'normal' might be

By Peter Romeo on Feb. 17, 2022

Sales at its huge high-end restaurants are still only a fraction of what they were pre-pandemic, while galloping costs shrink the bottom line.

Workforce

OSHA officially shelves Biden's employee vaccine mandate

By Peter Romeo on Jan. 25, 2022

The emergency requirement was technically downgraded into a proposed rule, meaning it still could be adopted, but only through the usual prolonged process.

Financing

Closed and short-staffed restaurants become a mounting problem

By Jonathan Maze on Jan. 18, 2022

As the omicron variant continues to spread, everyone from small independent restaurants to McDonald’s either cut hours or reduced their services.

Operations

In 2021, a surprise recovery is met with a more surprising labor shortage

By Jonathan Maze on Dec. 21, 2021

The year’s biggest story was an unprecedented lack of workers that left operators closing services, reducing hours and dramatically increasing pay.

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.

  • Page 5