U.S. restaurant operators face increasing challenges in running a profitable business. Costs are increasing for food storage and food preparation, along with rising prices for meats and vegetables. On top of the steadily rising basic food costs are higher labor compensation levels for executives, managers and kitchen employees, coupled with a similar upward trend in … [Read more]
Tagged As "corporate compensation"
The majority of restaurant industry corporate office employees received an increase in base pay during 2013, albeit at a growth rate of only 2-3%. Corporate compensation & benefits research released this week by People Report, a TDn2K company, indicates that this trend is expected to continue in 2014. During the recession the percentage of companies offering raises dropped … [Read more]
TDn2K Launches Restaurant Industry Research Outlining Corporate Compensation and Benefit Packages People Report, a TDn2K company, has announced the launch of its 11th annual Corporate Compensation and Benefits Survey (CCBS), the results of which will answer key questions for leaders in the restaurant industry. This survey will reveal valuable information about … [Read more]
Q1 numbers published by Black Box Intelligence and People Report show the restaurant industry experienced continued job growth, rising turnover for both management and hourly employees and an increase in starting salaries for unit level managers. At the end of the first quarter of 2013, the restaurant industry experienced continued job growth, rising turnover for both … [Read more]