Unemployment trends continue to be one of the most watched economic indicators for restaurant operators today. When will national unemployment rates drop? When will consumers feel more comfortable in their jobs and begin to spend again? And how can companies recruit talent in this new environment, when employers and employees are treading carefully?
Nation’s Restaurant News looked at the People Report’s first quarter Workforce Index, which shows that the restaurant industry has perhaps hit its bottom, as the index hit the highest level since the U.S. economy began a steep decline in October 2008. Read the full story.
In addition, NRN recently spoke with executive recruiting firm HVS Executive Search to discuss the latest compensation trends to enact today. HVS co-president David Mansbach explains that now is the time for restaurant executives to develop ways to attract and retain A-level players. Read the full story.
In depth: In the April 5 issue of Nation’s Restaurant News, see what a roundtable of operators and financial experts, including Hudson Riehle at the National Restaurant Association and Darren Tristano at Technomic, say about watching economic indicators. Purchase the full story.