It is official, restaurant sector turnover rose to 72.1percent in 2015.
While the turnover speed running high in the hospitality sector isn’t surprising, it has increased drastically over the past few decades, at least 10% since 2013.
Turnover can also be expensive on your gains, according to Investopedia, it costs $3,500 to the whole procedure. “Training turns out to be among the costliest investments a business can make” (Investopedia.com).
While it’s impossible to be free from workers leaving entirely, it is possible to take preventative actions that will help you maintain your investment in your people.
Get it right the first time.
Sometimes the best way to avoid losing employees would be to take additional time initially and employ the best match for your organization. If you create some criteria you will need this worker to meet, you will find they are a much better match for your company and stick around for the long haul.
Increase their pay.
This one can be hard, but it is the greatest reason employees will leave a small business. Retain your gifted team by continuing to provide them competitive salaries and ladder opportunities.
Even by giving little raises over time and keeping an eye on the performances can perform wonders.
Give flexible hours.
Some mad, unpopular hours go along with maintaining a restaurant. But understand that your staff doesn’t wish to work every single undesirable moment.
Offer your staff some breathing space, and let them have some flexibility with their schedules.
The flexibility could be worth a lot more in the long term. If you are adapting to their schedule, they’re more likely to stick around as happier and tougher working workers.
Day off pass.
You would be amazed what great off a day can do for your employees. Every quarter or so, give each worker a free vacation day to select. This”day off pass” acts as a type of freebie where they are not calling in”sick” or take the day off with no planning for it, all the better if they are paid!
Give advantages to your Part-Timers.
Not all workers are full-time employees but treat them as though they are. Acknowledge their contributions. If they are temps, write notes for their agent about their work.
Give out free drinks!
You can take a certain number of free meals or beverages that workers get each month. Track it and rely on it as your company. Your employees is often hungry and occasionally tempted by the food. Give them allotted free meals, and give them control of if they could use them.
Conduct exit interviews.
Even if workers eventually leave. Doing such interviews can help you to find what future changes you will need to keep other workers around.
Bear in mind, your employees is an investment.
Don’t allow the connection with your staff fall apart. All the tips above will help with the dreaded turnover rate, and build a stronger team.
If you wish to learn more useful tips about managing your restaurant, download our free e-book, and find out about money saving solutions your organization.
Two Reporting Features In Your Point-of-Sale System You Should Use
How comfortable are you with your point-of-sale systems multiple capabilities?
Among the greatest reasons restaurants and retail shops find their profits slipping through their fingers is because they can not keep track of their data. It is a hassle to attempt and organize those reports.
Luckily, the ideal POS system can help eliminate a whole lot of this manual work and monitors the main data your business has to be monitoring.
Here are the best features on your point-of-sale system to make your life easier.
Sales and reporting
Let us admit it, your earnings are what sustains your organization and keeps your doors open. A excellent point-of-sale system should be able to create detailed reports for you to review.
Your POS sales report tells you the fundamentals, like gains for the day, and earnings by the department or by individual employees.
The sales report help you figure out which things bring you the most profits and which ones do not bring in money. Furthermore, they show you that hours will be your busiest, assisting you to know what hours you do not need as many employees.
Every normal POS system is designed to monitor all your inventory and inventory, but a excellent POS system will allow you to access all your inventory with ease and detail.
Whether it be setting alarms for when you will need to reorder, including in new products, or monitoring delivery of requests from vendors, the POS system should keep you in the loop.
Maintaining a tab between your stock and your sales reports makes it possible to see where things are slipping through the cracks. Checking to see if your sales match the inventory listed can help you determine if items are missing and if transactions are rung up as”no sale.”
To give you an example, one of our customers never monitored any of the”comp” items. The owner owned three distinct bars, and each had their own General Manager. The managers were permitted to give out comps as they saw fit. After installing a Restaurant Manager POS system, they found over $4000 were given out each month between the three institutions.
That is $48,000 at the end of the year they were dropping in gain.
Your point-of-sale system may do more for your business than you can imagine, and using its tools may be the difference between $48,000 a year in losses or profit.