#None #7shifts #efficiency #Restaurant Payroll

Introduction

With countless challenges ahead in the restaurant industry, 7shifts has stepped up to assist operators in navigating payroll efficiencies. Recently, they launched The Restaurant Payroll Benchmark: A Framework for Growth, a detailed analysis designed to reveal how restaurants can optimize their payroll processes. This comprehensive report draws insights from more than 500 professionals in the restaurant sector and presents a four-stage payroll maturity framework - Starting, Growing, Integrated, and Strategic. By addressing current inefficiencies, the report aims to evolve payroll management from manual processes to a streamlined system, facilitating better employee experiences and reducing operational costs.

Key Findings

According to the report, a staggering 67% of restaurant operators report spending over 100 hours each year on manually processing payroll. The challenges become even more pressing with:

• - 31% of restaurants manually inputting employee hours, risking compliance and accuracy.
• - 32% tracking time on paper, which fosters errors and inefficacies throughout the payroll process.
• - 26% of operators citing payroll errors as significant morale issues, undermining employee trust.

Additionally, 46% of operators rely on basic tools for compliance, leaving them vulnerable in the ever-changing landscape of labor laws.

The Need for Change

As the restaurant sector wrestles with continuously rising labor costs and complexities of compliance, the urgency for efficient payroll solutions becomes clear. The Restaurant Payroll Benchmark report serves as a first-of-its-kind snapshot, illustrating industry standards and best practices. It highlights the importance of moving towards technologically advanced payroll systems that not only streamline operations but also empower restaurant owners to focus on growth and strategic planning.

Success Stories

Restaurants that progress to the Strategic stage of payroll management report considerable time savings and reduced costs:

• - Chef Kevin Yu from 2d Restaurant has saved up to five hours per week on payroll alone.
• - Joanna Heart of The Palm Coffee Bar slashed payroll processing time from 90 minutes to just 10 minutes.
• - Josh Bishop of Wildfire + Fork Fire managed to lower labor costs by 20% by implementing a fully integrated payroll system.

John Bishop specifically noted the transformational aspect of 7shifts in their operations, stating, “We were losing money in our first year primarily due to labor; now we operate a highly efficient establishment. I credit roughly 80% of that improvement to 7shifts.”

Conclusion

The Restaurant Payroll Benchmark serves as an essential guide for restaurant operators seeking to evaluate their current payroll practices against industry peers. It provides a clear path to efficient payroll management that enhances employee satisfaction while reducing labor costs. For those interested in benchmarking their processes and learning how connected payroll systems can contribute to long-term growth, the report is available for download at 7shifts.com.

About 7shifts

Founded in 2014, 7shifts originated in the back office of a sandwich shop and has since evolved into a leading scheduling and payroll platform tailored for the restaurant industry. By offering user-friendly solutions, 7shifts supports over 55,000 establishments by saving time, minimizing errors, and ensuring labor costs are kept under control. To discover more about their offerings, visit www.7shifts.com.