Restaurant may have finally hit rock bottom, or perhaps, the high heavens, with employee turnover. Results from the Workforce Intelligence (formerly People Report) Q2 Workforce Index indicate that rising turnover levels, which are currently at an all-time high for management and hourly employees, may have begun to taper off, mostly because there is nowhere else to go but down.
The Workforce Index is a quarterly barometer of employment pressures that measures various components on a scale of -100 to +100. Negative values indicate decreasing levels of a component, and positive values indicate increasing levels. The strength of each value is measured by its distance from 0. The components measured include: employment levels, recruiting difficulty, job vacancies, employment expectations and turnover.
Here are some highlights from the latest Workforce Index results:
The Workforce Index is a quarterly barometer of employment pressures that measures various components on a scale of -100 to +100. Negative values indicate decreasing levels of a component, and positive values indicate increasing levels. The strength of each value is measured by its distance from 0. The components measured include: employment levels, recruiting difficulty, job vacancies, employment expectations and turnover.
Here are some highlights from the latest Workforce Index results:
Restaurant Industry Performance Pulse: June 29, 2022
About Half of All States Experienced Negative Sales Growth, Only 10 Achieved Positive Traffic Powered by Black Box Financial Intelligence™ Data through the week ending June 19, 2022 The week ending June 19, the restaurant industry settled into what...
