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3 days ago · To calculate employee retention, use the formula below: Retention Rate = (Employees remained / Number of employees hired) x 100. For example, if you hired 50 employees and by the end of the year, only 25 remained, your retention rate would be: Retention Rate = (25 ÷ 50) x 100 = 50%. The general rule of thumb for a good retention rate is ...
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- Survey your employees. Employees crave the chance to be heard. Anonymous employee engagement surveys provide them with a safe space to express their thoughts openly, without fearing any negative consequences.
- Minimize burnout. Burnout, a state of emotional and physical exhaustion due to prolonged stress, is a long-standing issue in the restaurant industry. Safeguarding against burnout involves understanding how hard your staff is working and the toll it takes on their mental and physical health.
- Let your employees make their own schedule. The restaurant industry can be tough. Unpredictable hours and short shift notices can be particularly hard for parents and caregivers.
- Prioritize employee appreciation. Let’s face it, we all thrive on hearing it: “Good job!” These two words can truly brighten our day. Yet, we’ve come to understand that words alone don’t always suffice; actions speak louder.
- Introducing Jim Taylor: Creator of Benchmark Sixty
- Why Restaurant Employee Retention Is Essential
- 5 Restaurant Employee Retention Strategies
Jim Taylor is the Founder and CEO of Benchmark Sixty, an innovative labor and retention consulting firm based in Vancouver, British Columbia. Before starting his business, Jim had a successful career at Cactus Club Cafe in Vancouver. There, he held various front of house roles, starting as a host and working his way up to become the Executive Regio...
So why is retention so important? Restaurant retention strategies not only ensure that your top talent stays with your team, but an effective plan can also increase engagement and boost productivity, which ultimately leads to higher revenue. Without these restaurant staff retention strategies in place, the likelihood of turnover increases, which in...
If you want to negate the high cost of employee turnover and improve employee retention and engagement, the best place to start is by identifying and honing your most important restaurant management skills. These skills can help you understand why your staff want to leave in the first place so you can identify and address any problems immediately...
Jan 16, 2024 · Here are ten effective strategies to retain employees in the restaurant industry: Competitive Compensation and Benefits: Offering competitive wages and benefits packages is crucial for attracting and retaining top talent in the restaurant industry.
How to Retain Restaurant Employees & Keep Managers Engaged. Keep restaurant managers engaged by equipping them with the right tools and training, offering greater work-life balance, increasing compensation, and helping them engage with guests in meaningful ways.
Sep 9, 2022 · Retaining employees is in your best interest because it reduces costs, improves culture, and gives employees and customers alike a better experience at your restaurant.
