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David Meets Goliath: A Contest to Attract and Retain Employees
By Maren L. Hickton

Swirled within the scroll of personal faxes that I receive, a business associate sent me a copy of a news article regarding anticipated restaurant labor shortages which is being projected as a result of many new restaurant chains scouting the area. The article also discussed how chains, recently, are almost universally adding profit-sharing and stock to attract and retain long-term employees nationwide.

And that is not all chains are doing. What was not published is that other lures -- such as cash sign-on agreements, hefty incentive bonuses, contests with magnificent prizes, unique employment agreements, team-building outings, generous expense accounts, etc., are being offered as well. Not just nationwide, but in certain markets, on a management level, worldwide.

Hardly news, right? Wrong. This should be a BIG reminder to independent restaurant owners who haven't considered new recruitment and employee retention strategies.



The full version of this article is now available on Restaurant Report's membership site RunningRestaurants.com.

Click here to go to the article page.

RunningRestaurants.com






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