Fewer Operators Planning Layoffs, Pay Freezes

According to Nation’s Restaurant News, “ The labor outlook for the restaurant industry is showing additional signs of recovery, according to a recently released survey by People Report, a company that tracks personnel trends in the industry.”

“Fewer operators than last year plan to cut staff, reduce employee hours and freeze salaries, according to the 2010 Economic Conditions report. ‘You see some companies still making cuts, still closing units, but conditions seem to be improving for the majority,’ said Michael Harms, senior business analyst for Dallas-based People Report. Sixty companies responded to the online survey in March. The respondents were distributed among all industry segments, including quick service, fast casual, family dining, casual dining, and upscale casual or fine dining. Operators answered several questions about their expectations this year surrounding unit growth, staffing levels, compensation and operational and financial initiatives for 2010.”

Read more: http://www.nrn.com/breakingNews.aspx?id=383380#ixzz0p8yeJqw4