![]() There are two accepted ways to calculate your restaurant’s inventory turnover rate. Your ITR is used to help assess how well your restaurant is operating in comparison to other concepts and the industry as a whole.Īn ITR also provides you with valuable insight into how your business is doing with inventory, sales, and cost. What is Inventory Turnover Rate in Restaurants?Ī restaurant’s inventory turnover rate (also called ITR) is how many times your restaurant sold its total average inventory during a period of time. You should have a thorough understanding of your inventory turnover rate, how many days its held on average, and how that compares to others in your market. You have a million things to think about every day and inventory management isn’t always a top priority.īut understanding your inventory is vital to the success of your restaurant. Managing your restaurant’s inventory sometimes get pushed to the backburner. Or how many days you’re holding inventory? ![]() Our experience speaks volumes about its positive impact on an organization’s operations and team dynamics,” says Figueroa.Ĭheck out the Sprockets website to learn how to transform your hiring process.Do you know if you’re using your inventory efficiently? “To those considering a solution to the hiring process, I recommend giving Sprockets a chance. The reduction in turnover, the improvement in crew morale, and the increase in average crew size are tangible results that highlight the transformative power of this platform. In a world where finding and retaining the right talent is a continuous battle, Sprockets stands out as a valuable tool, streamlining the hiring process and delivering exceptional candidates. Sprockets not only helped us address our challenges but also enabled us to expand our team,” says Figueroa. “Our average crew size grew from 40 to 65 after implementing Sprockets. These features have significantly improved the turnover rate for the two McDonald’s locations. Operators receive notifications about high-scoring applicants so they can quickly contact top candidates before competitors. Sprockets’ user-friendly platform and instant alerts also help keep operators informed and productive throughout the hiring process. Gallup research found employees who are “engaged and thriving” are 59 percent less likely to look for a job with a different organization in the next 12 months. This helps operators hire employees who will fit in with the existing staff, resulting in a more engaged workforce that stays long-term. We no longer deal with unqualified candidates, wasting our time and theirs,” says Figueroa. The outcome is an insightful assessment of applicants with simple, red-yellow-green “fit scores.” “This feature was a game-changer in the hiring process. The platform then uses their responses to identify shared personality traits with a location’s top-performing employees. Instead of conventional interview questions, Sprockets has applicants complete a brief, three-question survey. One of the unique features of Sprockets that helps operators overcome their staffing challenges is how it screens candidates. Sprockets can recognize which applicants are highly interested and resonate with the core culture and values of the restaurant. It uses advanced analytics and data-driven insights to optimize the hiring process and help quick-service restaurant operators make informed decisions when selecting potential employees. Sprockets is an intelligent restaurant hiring platform that addresses and reduces employee turnover. That’s when they turned to Sprockets to transform their hiring process and bring new energy to their McDonald’s team dynamics. We needed a solution that could help us quickly identify the right candidates and reduce the turnover that was taking a toll on our operations.” ![]() Unqualified candidates showing up for interviews added to the frustration, and the amount of time spent sorting through applications seemed never-ending,” says Figueroa. “Turnover rates were alarmingly high, causing disruptions in workflows and affecting the morale of both managers and crew members. ![]() He specifically focuses on staffing and retention. Tony Figueroa is the supervisor for DeeAnn Management Company and is responsible for overseeing the operations of two McDonald’s restaurants. Operators constantly struggle to find the needle in a haystack of applications, waste time interviewing poor-quality candidates, and spend thousands on employee turnover. Unfortunately, this is a challenge that has only gotten harder in recent years. In the fast-paced world of foodservice, finding and retaining the right employees is crucial to a restaurant’s success. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |