Invest in Employees with Affordable Health Care

Lack of health insurance isn’t considered one of the major reasons the hospitality industry has, according to the U.S. Bureau of Labor Statistics, a churn rate north of 70 percent. A recent survey found that low pay, lack of recognition and bad management are three of the major variables.

But let’s dig a little deeper into “lack of recognition.” To me, that says employees aren’t feeling  valued by the owners and managers of their restaurants. In the current hiring climate, restaurants can’t afford to lose good employees because they feel unappreciated.

I’ve written previously about ways to show employees some love: investing in training, providing opportunities advancement, more reliable scheduling, listening to their ideas. One of the major ways to invest in employees is through health insurance, something only about 30 percent of restaurants provide.

It’s understandable. The more successful of my clients operate on profit margins in the low double digits, but…