The Role of Electronic Employee Tip Solutions in Increasing Restaurant Profitability
The National Restaurant Association’s recent State of the Restaurant Industry Report for 2024 shows that 38% of restaurant operators say they were not profitable in 2023. With rising food and labor costs, what ways can restaurant operators positively impact profitability?
Electronic employee tip solutions can help by removing the costs associated with physical cash, reducing reliance on armored vehicle deliveries and shifting labor efforts to more profitable areas, restaurant operators can significantly address this challenge area and seek a return to profitability.
In this panel, restaurant leaders will discuss their experiences in employing electronic tip solutions and the impact on overall restaurant performance.