fix-hospitality-labor-crisis 
Modern Restaurant Management
FEBRUARY 22, 2022
After all, this is an industry that can use all the efficiency it can get, thanks to a labor crisis that doesn’t appear to be easing up. Last November alone, a record-high one million American hospitality workers quit their jobs. Technology can’t completely fix that, but it can mitigate some of its impact.
Modern Restaurant Management
APRIL 6, 2020
The Paycheck Protection Program’s maximum loan amount is $10 million with a fixed one percent interest rate and maturity of two years. Restaurants are the lifeblood of our communities and our economy, and more must be done to ensure millions of claimants have jobs to return to when the crisis is over. " PPP Resources.
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7 Shifts
OCTOBER 15, 2020
Operations for 7shifts, I have been based in the New York technology and hospitality space for years (including a leadership role at Yelp for nearly a decade). How New York restaurants have been affected by COVID-19 Every state has been gravely affected by the COVID-19 health crisis, but how has New York been affected specifically?
The Restaurant Times
OCTOBER 29, 2020
In the restaurant business, labor costs account for the majority of expenses. The ratio of restaurant labor costs to the overall sales averages at 22-40%, whereas it can be as high as 75% in some cases. That is why restaurants and cafes must control their labor costs and maintain profit margins. Control Employee Attrition Rate.
Modern Restaurant Management
NOVEMBER 8, 2022
After these episodes, my conversations with culinary leaders continue to highlight that a of people left the hospitality business for good. Chefs from various horizons mention first that skilled workforce is difficult to find and that there is a labor shortage and a short food supply.
The Restaurant Times
JULY 20, 2020
While these precautions are necessary to combat the spread of disease, they have led to an economic crisis as businesses are now facing heavy losses. The COVID-19 outbreak has impacted everyone, from operators and servers to delivery drivers in the food and hospitality sectors.
Hotel Business
NOVEMBER 7, 2022
In local markets, that type of singularly competitive thinking can eliminate the opportunity to work productively with neighbor hotels to absorb overflow customers or cooperate effectively in a crisis. Georgine Muntz is the CEO of Visual Matrix , a leading provider of advanced technology solutions for the hospitality industry.
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