Peachtree Foods’ Post

In 2024, it's clear the hospitality industry needs a wake-up call. We can't continue to lose valuable employees to other higher-paying industries. The minimum wage is now $15/hour in several states. Meanwhile, many hospitality workers still earn near poverty-level wages. This outdated "pennies pinching" model is unsustainable. We must shift to a value-based model that properly compensates hospitality staff. As founders and entrepreneurs, we have a responsibility to empower our teams. Paying fair, livable wages is the first step. When employees feel valued and supported, they are motivated to provide exceptional service. This positively impacts customer experience, loyalty, and the bottom line. The challenges of the pandemic have shown the resilience of hospitality teams in the face of adversity. They deserve not only our gratitude but fair compensation for their dedication and hard work. The future of hospitality depends on it. The time for change is now. #Hospitality #labor #wages

The hospitality industry is beginning to see signs of recovery, with research indicating increased optimism for pubs and restaurants. However, many businesses continue to struggle with rising costs, including the recent minimum wage increase in April. If you're navigating these challenges, read our latest blog post on 'managing seasonality, staffing, and growth in hospitality' for some ideas that could help your business thrive ✔️ https://lnkd.in/ebASgHB2 #HunterGeeHolroyd #YorkAccountants #HospitalityGrowth #StaffingTips #BlogHospitality

Interesting article from James Sillars for Sky News this morning. The challenges facing the hospitality industry have been relentless, and the call for action is both urgent and necessary.   The survey results from UKHospitality, the British Beer & Pub Association, and the British Institute of Innkeeping, and Hospitality Ulster are alarming but not surprising. After years of grappling with the impacts of Brexit, navigating through the disruptions caused by COVID-19, and now facing the daunting effects of the cost of living crisis, many operators find themselves on the brink.   The looming increase in minimum wage levels, coupled with rising costs across the board, threatens the viability of countless businesses. It's clear that decisive action is needed to alleviate the burden and prevent further closures.   We agree that measures such as a reduction in VAT, further energy support, capping the business rates increase, and reducing the rate of alcohol duty are vital. These steps would provide much-needed relief and enable operators like us to navigate through these challenging times.   It's imperative that the Government listens to these concerns and takes swift and meaningful action to support businesses of all sizes across the industry.  We look forward to seeing this in next month's Spring Budget.    #HospitalityIndustry #Chancellor #AGOHotels #Economy https://lnkd.in/eRmGwj7F

It seems like things might finally be heading in a better direction for the UK hospitality industry, and plenty of the industry's leaders are in agreement! In fact, a recent Business Confidence Survey states that, despite continued concerns over inflation, there is greater than ever confidence in future successes - an improvement that has continued over the past four quarters. Do you feel that the hospitality industry might finally regain its footing? Let us know what you think below, and for more: https://bit.ly/41jlQCJ #Hospitality #HospitalityIndustry #BusinessConfidence #HBDPartners

An interesting read regarding UK Hospitality's Dual Challenge 💷📈 The National Living Wage hike has spiked operating costs with a record rise to £11.44 per hour. To cope, venues are adding service charges or raising prices. It's a tough call—maintaining fairness for workers while keeping businesses viable. Leaders must now navigate the tightrope of economics and empathy, seeking innovative solutions to this wage puzzle without sacrificing quality or competitiveness. #NationalLivingWage #HospitalityIndustry #BusinessAdaptation

🌟 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 𝐟𝐨𝐫 𝐇𝐨𝐬𝐩𝐢𝐭𝐚𝐥𝐢𝐭𝐲 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 🌟 Changes regarding tip allocation are on the horizon, and staying informed is crucial. In the past, service charges often disappeared into a murky system, leaving both customers and staff uncertain about where their contributions were going. But fear not; clarity is on the way! 𝐖𝐡𝐚𝐭'𝐬 𝐂𝐡𝐚𝐧𝐠𝐢𝐧𝐠? New legislation mandates that 100% of service charges must be distributed fairly, transparently, and consistently to staff. Yes, you read that right—no more deductions for breakages or other operational costs! This is a significant shift towards fair compensation for hardworking hospitality employees, including agency workers. 𝐓𝐡𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐌𝐚𝐭𝐭𝐞𝐫 As they say, the devil is in the details. While the law is clear in principle, nuances like the treatment of 'tronc' provisions require careful consideration. HMG plans to consult stakeholders to ensure all aspects are addressed thoroughly. Expect a statutory Code of Practice to clarify further in the coming months. 𝐖𝐡𝐚𝐭 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐍𝐞𝐞𝐝 𝐭𝐨 𝐊𝐧𝐨𝐰 Get ready to update your policies! Businesses will soon be required to prominently display their tip and service charge policies for staff and customers. Additionally, individual staff members must be accounted for personally, with strict deadlines and penalties for non-compliance. 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐱𝐢𝐭𝐲 We understand the complexities and challenges of these changes. Our HR and Payroll experts are here to guide you through the transition, ensuring compliance and clarity every step of the way. 𝐒𝐭𝐚𝐲 𝐈𝐧𝐟𝐨𝐫𝐦𝐞𝐝, 𝐒𝐭𝐚𝐲 𝐀𝐡𝐞𝐚𝐝 As the landscape evolves, it's essential to stay informed and proactive. Let's work together to ensure a fair and transparent future for tip allocation in the hospitality industry. If you have any questions or need assistance navigating these changes, please DM me, and we can discuss them. Together, we can ensure that the smiley face on your restaurant bill truly reflects fair compensation for our hardworking service staff. #HospitalityIndustry #TipAllocation #WINCHR #StayInformed

Feeling the heat of labour shortages in the food & beverage manufacturing sector? 🚨 Our recent insight article serves up fresh solutions like the 'Skills in Demand' visa and labour hire changes — key developments that can help your business thrive. Learn more here: https://lnkd.in/gQRVxjtx #foodandbeverage #manufacturing #mkinsights #employmentLaw #macphersonkelley #esm

The impending surge in the National Living Wage, rising nearly 10% to £11.44 from April 1, 2024, poses significant challenges for the hospitality sector, with concerns raised by industry leaders over potential adverse impacts, especially on smaller businesses. Calls for complementary measures such as VAT cuts and business rates relief reflect the delicate balance between uplifting worker wages and sustaining the financial health of hospitality enterprises, highlighting the urgency for nuanced policy interventions to navigate these challenges effectively. #NationalLivingWage #Hospitality

The hospitality sector is undergoing a transformation post-Covid. Restaurant workers' wages are being evaluated for consistency and balance. As an operator, how can you ensure equitable solutions for your team? While wages are increasing, it's important to engineer new practices that allow both employees and the bottom line to flourish. Let's work towards a sustainable future for all. #hospitality #equitablewages #sustainability #sustainablehospitality #hospitalitysolutions #hospitalitynews https://lnkd.in/e-XvSMp3

Hospitality industry bodies have united to demand action from the chancellor as firms continue to struggle under a weight of costs in the tough economy. A survey by UKHospitality, the British Beer and Pub Association, British Institute of Innkeeping and Hospitality Ulster found that a quarter of operators have no cash reserves left after years of challenges. #hospitalitysector #ukeconomy #costoflivingcrisis https://lnkd.in/eV8X4rEa