Restaurant industry struggles to recover
The National Restaurant Association reports that the restaurant industry is in worse shape than it was three months ago. The survey data released on Wednesday, 78% of restaurant operators say that they have seen a decline in customers in recent weeks due to concerns over the Delta variant. This decline of customers combined with the rising costs of food has slashed the thin margins for the industry. Another factor that weighs in is the ongoing labor shortage in the country. 91% of restaurants said that they now pay more for food items and 84% responded that they have labor costs due to the staffing and labor shortage. Restaurants find it hard to keep up with incoming demands with fewer workers.
71% of restaurants said that they are currently understaffed and nearly every restaurant responded that they experienced supply delays and shortages of key food and beverage items delivered to them. The executive vice president of public affairs for the National Restaurant Association Sean Kennedy said that the nation's restaurant industry is officially moving in reverse. The association predicts that the recovery for restaurant businesses will go well into 2022. The group has also reached out to Congress to allot more funds to refresh the tapped-out Restaurant Revitalization Fund.
Source: CNN
71% of restaurants said that they are currently understaffed and nearly every restaurant responded that they experienced supply delays and shortages of key food and beverage items delivered to them. The executive vice president of public affairs for the National Restaurant Association Sean Kennedy said that the nation's restaurant industry is officially moving in reverse. The association predicts that the recovery for restaurant businesses will go well into 2022. The group has also reached out to Congress to allot more funds to refresh the tapped-out Restaurant Revitalization Fund.
Source: CNN
Category
Global Mindset
Workplace Harassment
Firing
Paid Leave
Bonuses & Incentives
Employment Branding
People Management
Health Care Benefits
Risk Management
Cybersecurity
Disaster Preparation & Response
Learning & Development
Leadership Development
Discrimination
Flexible Spending Account
Benefits Reporting & Disclosure
Religion & Spirituality
Wellness Benefits
Change Management
Privacy
Employment Offers
Drug & Alcohol Testing
Disability Benefits
Technology
Educational Assistance
Health Savings Accounts
Analytical Aptitude
Employee Resource Groups
Social Media
Overtime Eligibility &
Guides
Teamwork
Mental Health Benefits
Leadership &
Relationship Management
Work Visas
Compensation & Benefits
Ethical Practice
Mentoring & Coaching
Background Checks
Executive Compensation
Job Applications &
Employee Engagement
HR Software
Employee Relations
Policies & Practices
Parental Leave
Substance Abuse
Workplace Wellness
Closing
Tags
Article
Effective Ways to Stay Productive While Telecommuting
Remote working is not a new thing in the US but a lifesaver in the current situation when social di ...
Hiring Secrets of The Most Successful Companies
A successful company not only has growing revenues, but it also boasts of a brilliant workforce. Ma ...
The Unionization Wave
From the peak of the pandemic in 2020 through the Great Resignation wave, unionization has been a ...
What Are the Costs to Consider While Planning A Recruitment Budget?
If your organization is on a hiring spree too, one of the key things to consider is the recruitment ...
Comments