How the Hospitality Industry Can Survive the Labor Shortage
In 2019, average salaries in the US hospitality industry increased at twice the national rate and there were an estimated 1 million open positions. The pandemic, however, has exaggerated the driving forces that have led the country to a massive labor shortage. The biggest reason for the employee shortage is that many workers have simply […]
Sticking with the 10%: 3 Growth Strategies for Restaurant Startups
Restaurant startups will need to reevaluate their priorities for the best chance at survival. Statistically, 9 out of 10 startups fail. Razor thin margins determine which restaurant startups are elevated as foundational food and service investments. And while restaurants are notoriously behind the tech-curve, finding a balance between industry tradition and industry disruption is key. […]
Labor Shortage Challenges and Actionable Solutions
An Overview of the Labor Shortage The data is clear: employers are facing labor shortages in the United States. According to the Bureau of Labor Statistics, job openings rose to an unprecedented 9.3 million at the end of April 2021. As the pandemic continues, we’ve faced more than a year of limited freedom and lost […]
