Restaurant may have finally hit rock bottom, or perhaps, the high heavens, with employee turnover. Results from the People Report™ Q2 Workforce Index indicate that rising turnover levels, which are currently at an all-time high for management and hourly employees, may have begun to taper off, mostly because there is nowhere else to go but down.
The Workforce Index is a quarterly barometer of employment pressures that measures various components on a scale of -100 to +100. Negative values indicate decreasing levels of a component, and positive values indicate increasing levels. The strength of each value is measured by its distance from 0. The components measured include: employment levels, recruiting difficulty, job vacancies, employment expectations and turnover.
Here are some highlights from the latest Workforce Index results:
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A summary of the BLS March Employment Report gives the restuarant industry encouragement from job growth, but doesn’t help with labor shortage.read more
Securing top notch candidates is difficult in a tough labor market. Liz D’Aloia shares best recruiting practices outside of the restaurant industry.read more