The U.S. Department of Labor recently implemented new rules concerning the increase of the maximum salary threshold for overtime work that is scheduled to take effect this December, 2016. The department has already been sued by a group of 21 states and received similar resistance from large business operators. The threshold salary will be increased from $23,660 to $47,476. Those in opposition believe that the new overtime regulations will put economic strain on businesses and their current workplace policies. Conversely, many support the new rules as a long over due restoration of the Fair Labor Standards Act.
Published October 3, 2016
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Published October 3, 2016
Restaurant are something that everyone loves and enjoys to go to from time to time. However sometimes there are certain restaurants that can focus too much on any particular one issue while not looking at others. This article offers you the insight and a more in depth look into whether or not restaurants focus entirely too much on millennials.
Key Takeaways:
- They’re changing their menus to remove unwanted additives and insert more fresh ingredients.They’re telling us the source of their food and focusing on things like experiences.
- It’s understandable that restaurants would want to target younger adults. They are younger, after all.
- And many, many people insist that restaurants should target Millennials. Some have gone so far as to list restaurants that should target that group more often.
“Restaurants can’t seem to get enough of Millennials. They’re designing restaurants with them in mind. They’re changing their menus to remove unwanted additives and insert more fresh ingredients. They’re telling us the source of their food and focusing on things like experiences.”
http://nrn.com/blog/do-restaurants-focus-too-much-millennials
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Published October 3, 2016
Food and restaurants is something that a wide and vast array of people enjoy taking part in and the art of. However sometimes knowing some knew restaurants to go to and try out can be a difficult thing to accomplish. This article offers you the insight and a more in depth look into one hundred of the best restaurant when it comes to foodies in America.
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Published October 3, 2016
When it comes to business and commodity costs, commodity cost often go up and down through the years instead of staying in a fixed spot. However it is always a great thing when the commodity costs do finally hit the low mark. This article offers you the insight and a more in depth look into how low commodity costs have come at just the right time.
Key Takeaways:
- Restaurants faced a dual threat of lower sales and higher labor costs in the first half of 2016.
- Prime costs — food and labor — were flat on the year at 59.2 percent of revenues, according to the bench marking study. That’s the same as in the first half of last year.
- Lower beef costs, in particular, have brought down historically high costs that led many chains to raise menu prices.
“Commodity costs certainly helped out”
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Why so many restaurants are filing for bankruptcy
When it comes to restaurant, there is a wide and vast array of people that love and enjoy taking part in the aspect of going and eating at a restaurant. However recently there has been a major increase in the number of restaurants that have filed for bankruptcy. This article offers you the insight into why so many restaurants are filing for bankruptcy.
Key Takeaways:
“They are capital-intensive businesses operating in a saturated industry that caters to a fickle consumer. They frequently borrow money to expand. And they lease spaces for their restaurants. Thus, when sales fall, bankruptcies can often follow.”
http://nrn.com/blog/why-so-many-restaurants-are-filing-bankruptcy
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