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.
Cost-of-living Support: Whose Problem Is It Anyway?
Cost-of-living Support: Whose Problem Is It Anyway?
At a time when financial wellbeing support is needed most, new research by our partner Wagestream has found that employees are struggling to make the connection that their employer is often best placed to support them.
A third of retail employees are concerned about fewer customers as consumer confidence dips
A third of retail employees are concerned about fewer customers as consumer confidence dips
A third (33%) of retail employees expect to see fewer customers amid consumer confidence dips during the cost of living crisis according to market research by the leading retail and hospitality technology company, Fourth.
While the hospitality landscape continues to be fraught with challenges related to inflation and soaring costs, consumer confidence and supply chain disruption, our latest insights uncover that the workforce is showing signs of positive development.
Hospitality Headcount Hits Two Year High – but Leaver Rate Remains Major Cause for Concern
Hospitality Headcount Hits Two Year High – but Leaver Rate Remains Major Cause for Concern
Hospitality staffing numbers are nearing pre-pandemic levels, but a series of factors such as increasing rates of pay, high staff turnover, and the changing make-up of the workforce, are piling pressure on employers.
Hospitality Food Costs Soar Up To 40% As Supply Chain Fragility Hits Hard
Hospitality Food Costs Soar Up To 40% As Supply Chain Fragility Hits Hard
Spiralling costs and major disruption to the supply chain are having a drastic impact on hospitality operators’ food and drinks bills – and profits – according to latest data. A new report from Fourth, the leading global software provider for the hospitality and leisure industries, shines a light on how global events, including the fallout from the pandemic and the war in Ukraine, has created unprecedented supply chain issues.
Spiraling costs and prices are seemingly impacting every market and industry right now; however, the hospitality sector, and its supply chain, seems to be one of the hardest-hit.