Attracting and retaining the right team members in the current labor shortage crisis requires that restaurants compete for talent by putting people first.
Fourth celebrates 10th year in a row Payroll Assurance Scheme accreditation
Fourth celebrates 10th year in a row Payroll Assurance Scheme accreditation
At Fourth, we’re proud to announce the renewal of our Payroll Assurance Scheme accreditation by The Chartered Institute of Payroll Professionals (CIPP) for the tenth year in a row! This brilliant achievement reinforces our dedication to compliance and recognises our robust, reliable processes that ensure best payroll practices across the retail, leisure and hospitality industries.
What does 2023 have in store for the retail industry? Talent shortages, cost of living, and more technology
What does 2023 have in store for the retail industry? Talent shortages, cost of living, and more technology
Years of difficulty and uncertainty in the retail industry have resulted in over half (53%) of retail employees currently feeling overworked and underappreciated, suggests new data from workforce management technology company Fourth.
Post-pandemic, many retailers were hopeful for sustained growth and recovery. Instead, they face rising inflation, and a cost-of-living crisis, and have seen the day-to-day cost of running a brick-and-mortar store peak.
KFC is a global Quick Service Restaurant (QSR) brand known for its finger-lickin’ good fried chicken. One of the secrets behind KFC’s success, is its focus on implementing reliable demand forecasting and inventory management processes, which have not always been an easy task.
The hospitality industry has continued to battle its way through a myriad of issues since we released our last Hospitality Workforce Report in August, with spiralling energy costs, high inflation and market instability heavily impacting trading.
The current economic climate has continued to challenge hospitality operators since we shared our last Hospitality Workforce Report in August, with spiralling energy and food costs, supply chain disruption and labour shortages threatening to impact profits.
Fast-rising hospitality leaver rate piles pressure on recruitment and retention
Fast-rising hospitality leaver rate piles pressure on recruitment and retention
More staff are leaving jobs in hospitality now than at any time since the start of the pandemic.
The latest data from Fourth, the industry’s leading provider of inventory and workforce management solutions, shows that 8.3% of the workforce left the sector between August and September.
Overlooking modern HR tech can negatively impact retailers
Overlooking modern HR tech can negatively impact retailers
As high street footfall continues to drop, retailers are feeling the strain. To address the cost of living and high staff turnover issues, retail leaders can use HR technologies to balance their employee’s engagement, satisfaction, and financial well-being.
63% of retail leaders plan to hire more staff with festive season nearly upon us
63% of retail leaders plan to hire more staff with festive season nearly upon us
63% of retail leaders expect to hire more staff in the remainder of 2022 with the Christmas trading period fast approaching. This is according to market research conducted by the leading retail and hospitality technology company Fourth.