QSRweb.com: Food fight: combat rising costs with smarter hourly hiring
The restaurant industry is expected to grow this year, but realizing big profits will be a tall order in the face of rising food and labor costs.
Restaurants may look to increase prices or cut staff to offset increased costs but both responses could cost customers and further confound the challenge.
A third option exists that will help you tackle increasing costs without risking customers. Building a stronger workforce can drive increased sales, build customer loyalty and encourage repeat business, giving you cause to ask, “what cost increases?”