At Society Insurance, we’re happy to share our knowledge and expertise to educate on a variety of topics.(more…)
As older baby boomers retire in droves, younger generations are beginning to fill today’s workforce. But these new generations have vastly different values than older generations did – which makes sense given rapid technological advances and inevitable cultural shifts. For those who may not know, the two newer generations are Generation Y (aka millennials) and Generation Z. According to the Pew Research Center, millennials are born between the years 1981 and 1996; Gen Z is anyone born after that.
Read, ‘How to Reject Job Candidates Without Burning Bridges’ for more helpful tips on running your business.(more…)
The restaurant and service industry has a notoriously high turnover rate. As recently as 2018, research showed that restaurant turnover rates skyrocketed to, “a post-recession high of 74.9%“. But why?
Restaurant turnover is almost inevitable in American culture due to the industry’s transitory nature. A significant portion of restaurant employees are teenagers that work to support themselves or save up as they:
- get ready to head off to college
- supplement other income sources
- earn money during summer break
- prepare for full-time salaried employment
But turning over the waitstaff, bussers or managers every year, month or even every few weeks is time-consuming and costly. Here are some quick tips on how to reduce restaurant employee turnover so you can retain your best staff for as long as possible.
Interested in learning how to motivate employees? Read our blog post, “Increasing Employee Motivation.”(more…)
The holiday season yields plenty of opportunities to spread cheer, merriment and show gratitude to those that play significant roles in your life – including your employees. One of the most appreciated ways to express this is by giving the green light to let loose and socialize. We’re talking, of course, about hosting a company holiday party. Everyone can let their hair down, put work aside, and get to know each other on a more interpersonal level.
Regrettably, many corporate employees dread their annual holiday party because, well, they simply aren’t fun. Perhaps people feel as if they’re walking on eggshells, or maybe the environment doesn’t feel like a place where people can truly let their guard down around their superiors. Here are some helpful tips to help you throw a successful holiday party that your staff will look forward to each year.
Read, ‘How to Retain Top Talent: 4 Helpful Tips’ for more insight on boosting employee morale.(more…)
Approximately 64% of working Americans leave their job because they feel underappreciated. Thanking employees for a job well done on a project is a great way to increase employee morale and motivation. Many people assume that employees are only motivated financially, but this simply is not the case. While it makes sense to financially compensate employees for continued successes, consistent encouragement from upper management is always welcome. Any employee that cares enough to put effort and quality into their work will also be motivated by acknowledgement of their efforts. Here are a few ways you can express gratitude for a job well done.
Read our blog post, “Showing Employee Appreciation” for more useful ideas on how to show appreciation.(more…)
As of 2018, there are 30.2 million small businesses in the U.S. accounting for 58.9 million jobs in the country. It’s no secret that small businesses are a crucial part of the U.S. economy and their success should be important to us all.
Managing a small business comes with a unique set of challenges and opportunities. Often times, simply deciding which goals or tasks to prioritize can be a full-time job in itself. As a small business owner, you are probably under a lot of pressure with little room for mistakes. It’s easy to become quickly overwhelmed when managing the million different moving parts of a business but the good news is there are ways to make managing a small business easier. Here are five of our best small business management tips for juggling day-to-day operations.(more…)
Handling electronic data is an unavoidable part of operating any business today, but what would happen to your restaurant if that sensitive information was the target of a cyberattack? We tend to remember big, scandalous data breaches like Equifax or Sony, but that’s only because they are highly publicized. In reality, an estimated 90% of cyberattacks affect small businesses and the average cost of one is $116,967. Couple that with loss of customer trust and suddenly it’s no surprise that 60% of small businesses go out of business within 6 months of a data breach.(more…)
It’s about that time — as baby boomers begin to decrease their involvement in day-to-day operations and step away from their businesses, the big question arises: who will take over the reins? Considering nearly 10,000 baby boomers retire per day in the US, this decision is becoming more and more commonplace. Having a comprehensive succession plan in place for your small business will ease these major transitions so that the business doesn’t suffer.(more…)
Solid fuel cooking has been an up-and-coming trend for many new restaurants because it’s a tasty way to prepare food – especially pizza and BBQ. These cooking appliances are fueled by a solid fuel such as mesquite, charcoal and hardwood; and while this cooking method yields different, interesting flavors, it also carries with it increased safety risks. With the right amount of understanding and preparation, restaurant owners can safely use most solid fuel appliances.
What Is Solid Fuel Cooking?(more…)
Before you serve your first customer, your business is at great risk and liability. Thankfully, there are many insurance options to help businesses protect their livelihood. Below are critical types of insurance that restaurants and bars should consider to protect their financial investment.