Reduce Foodservice Turnover with Pay on Demand

The foodservice industry continues experiencing record high turnover rates and the restaurant sector feels the pain from the turnover as much if not more than other sectors of the retail food industry according to Steven Johnson, Grocerant Guru® at Tacoma, WA based Foodservice Solutions®.

Just last month the People Report Workforce Index™, a quarterly barometer of market pressures on employment in the restaurant industry, reported that more than half of restaurant companies reported an increase in difficulty recruiting qualified employees in recent months. Vacancies also continue to be a heightened challenge, particularly at the hourly level. They additionally, reported that there have been reports of locations closing due to the inability to adequately staff their locations.

The C-store industry is leveraging technology to help combat turnover. Recently, Parker's convenience stores unveiled a new initiative aimed at helping employees find financial stability. Parker’s launched DailyPay technology, which allows employees to get paid daily, weekly or on demand. Parker's is the first Savannah, Georgia area company to implement DailyPay and one of the first in the convenience store industry to roll out the program. 

Parker's President Jeff Bush stated "This new DailyPay technology is part of our larger vision to support our employees and to offer them another level of financial freedom," "People no longer are working just for pay — they work for the culture, the atmosphere and the benefits. We want to continue to build a holistic culture of support for our employees, at work and in life."

According to the retailer, when an associate clocks out after a work shift their pay is calculated, banked and visible on the DailyPay app. Employees can transfer some or all of their banked pay at any point for a nominal fee and can track their accumulated earnings during each pay period using the available balance feature.

On the next official pay day, the team member will receive any remaining pay that has not already been transferred. The DailyPay technology can be linked to a traditional bank account, pay card or debit card.

In a world where fresh, fast, food has become the mainstay of dinning options according to Johnson; technology is expanding its reach to assist employers both large and small meet the needs of the current work force.  Are you looking a customer ahead?  More important are you looking a employee ahead.

Are you looking for a new partnership to drive sales? Are you ready for some fresh ideations? Do your food marketing tactics look more like yesterday that tomorrow?  Visit www.FoodserviceSolutions.us for more information or contact: Steve@FoodserviceSolutions.us Remember success does leave clues and we just may have the clue you need to propel your continued success.