Digital payroll for restaurants is critical in attracting and retaining top talent. In the on-demand world we live in, getting money in employees’ hands as quickly as possible is crucial for standing out amongst the competition. It’s also now possible through a new form of banking. Continue reading to learn about the various ways in which digital banking can aid restaurant operations in becoming more efficient and how making payroll a digital affair benefits employees in finding their financial success!
The process of restaurant payroll has shifted to digital
The reality of the restaurant world is that the worker demographic is exposed to the broader impacts of the pandemic far more than those in the corporate world. This fact has changed the game when it comes to banking and payroll. Restaurants need to create safe settings in which they can pay their employees in a timely fashion, beneficial to both parties. Four top areas of change include the following:
- Contactless experiences
- Methods to pay employees faster
- The move to fee-free digital banking
- Digital tip mechanisms
When COVID first hit, guests ordered food to go daily and only paid with their cards. As lojas ficaram sem dinheiro e as operações tiveram que girar para dicas diárias, mas não tinham dinheiro à mão. A mudança para o banco digital tem sido monumental para mudar esse problema. Além disso, os trabalhadores não precisam esperar duas semanas para obter dicas sobre o salário, o que é um benefício significativo para o lado operacional das empresas e os meios de subsistência do trabalhador. As pessoas não vão voltar a usar dinheiro porque gostam da facilidade e conveniência que andam ao lado do banco digital. Ninguém quer esperar na fila de uma agência bancária para depositar um cheque; Eles querem tirar uma foto no telefone e ter o dinheiro transferido quase imediatamente. A tendência estava escorrendo nessa direção nos últimos 5 a 10 anos, e Covid simplesmente forçou a mudança a acontecer em uma base global. Restaurantes e empresas ainda precisarão das soluções para esses pagamentos digitais sem contato que avançam. Por esse motivo, houve um empurrão significativo para longe das pessoas que trabalham em um ambiente de restaurante tradicional. A utilização de plataformas bancárias digitais pode ajudar a mitigar esse problema, pois os restaurantes podem permanecer competitivos no mercado de trabalho, fornecendo a seus funcionários melhores soluções bancárias por dois motivos principais:
The shifts and trends within the restaurant industry aren’t going to change. People aren’t going to go back to using cash because they like the ease and convenience that rides alongside digital banking. No one wants to wait in line at a bank branch to deposit a check; they want to snap a photo on their phone and have the money transferred almost immediately. The trend was trickling in that direction in the last 5-10 years, and COVID simply forced the change to happen on a global basis. Restaurants and businesses alike will still need the solutions for those contactless, digital payments moving forward.
How restaurants and franchisees are attracting & retaining top talent through digital banking
The industry is beginning to see many restaurant workers shift into on-demand gig economy platforms because they have more scheduling flexibility and receive paychecks more quickly. Because of this, there’s been a significant push away from people working in a traditional restaurant setting. Utilizing digital banking platforms can help mitigate this issue because restaurants can stay competitive within the job market by providing their employees with better banking solutions for two main reasons:
- Utilizando Soluções de folha de pagamento modernizadas se resume a depósitos diretos digitais; E, dependendo das ferramentas utilizadas, os empregadores podem reduzir o ciclo de pagamento para obter seu salário alguns dias antes do que tradicionalmente fazia antes do setor bancário digitalizado. Isso apresenta uma oportunidade para um empregador ajudar a apresentar aos funcionários o mundo bancário pela primeira vez sem se preocupar com taxas de cheque especial ou associações de custos gerais. Banking
- The restaurant world is historically an entry point to the working world for many individuals. This presents an opportunity for an employer to help introduce employees to the banking world for the first time without worrying about overdraft fees or general cost associations.
WATCH THE FULL VIDEO BELOW TO LEARN HOW THE APP LANDSCAPE IN TODAY’S DIGITAL ERA HAS CHANGED THE FUTURE OF BANKING:
Top operational benefits through digital banking
Além dos benefícios de atrair e reter funcionários com benefícios bancários digitais, também existem muitos benefícios operacionais para um operador de restaurante. The top benefits of digital banking include:
- Offers operators the ability to better control cash flow and true-up payroll since they don’t have to deal with floating checks
- Brings the ability to have monies transition out of the bank account on a quicker basis, which enables the operator to truly understand where their operational accounts lie
- Helps to eliminate paper checks and gets money in the hands of the employees digitally, placing the fiscal accountability on the employee rather than the manager
- Creates cost savings by eliminating the need to re-run payroll when employees lose or misplace their paystubs
- Generates time savings through the facilitation of a quick and streamlined payroll process
LISTEN TO THEFULL PODCAST Episódio Abaixo!
