Running a restaurant is one of the most rewarding jobs. It can also be one of the most challenging. Countless factors play a role in a restaurant’s success or failure. The most important deciding factor is profitability.
Suppliers in the hospitality industry have been adversely impacted by the pandemic, with reports of revenues of less than 10% of 2019 levels during the first lockdown.
Metrics matter. Understanding which ones you need to care about can have a big effect on your bottom line. It’s up to operational leadership to measure them, monitor them, and make them not only the focus of their annual initiatives – but to make those metrics important for restaurant managers too.
Natasha’s Law: Effects On The Hospitality Industry
Oct 7, 2021
Natasha’s Law: Effects On The Hospitality Industry
Natasha’s Law (or the Food Information (Amendment) (England) Regulations 2019), which effectively has come into force at the start of October 2021, makes it a legal requirement for all food retailers and operators to display full ingredient and allergen labelling information on every food item they sell ‘pre-packed for direct sale’.
Cost-of-living Support: Whose Problem Is It Anyway?
Sep 29, 2022
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.
Overlooking modern HR tech can negatively impact retailers
Oct 26, 2022
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.
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.
Fourth celebrates 10th year in a row Payroll Assurance Scheme accreditation
Dec 15, 2022
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.