Restaurants are Rethinking Employee Benefits
Can this be the solution to retaining workers?
If you’ve worked in the food service industry you know restaurant work is not for the weak.
The average employee turnover rate was 79% over the last decade. And 58% of workers at restaurants, bars, and hotels are planning to quit before the end of the year.
The top reasons for quitting?
Bad treatment by an employer.
Low pay or lack of benefits.
Lack of work-life balance.
But restaurants are doing some soul searching and started to take employee well-being seriously.
From 2020 to 2023 things started to change and it became harder to retain workers. Looks like all that quitting is bringing in positive change for the restaurant workers.
Quick-service chains are the quickest to adapt:
Chipotle recently added 401(k) matching for Gen Z workers who make their student loan payments.
Noodles & Company offers immigration reimbursement, which covers USCIS-related fees, like renewing a visa or applying for work authorization.
DIG introduced the four-day workweek to their hourly staff, even though the daily hours are longer, 87% report they’re happier with an extra day off.
Now how do we convince all bosses about the four day work week?