Blogs

A mass-scale response to the dangers and uncertainties of the Covid-19 pandemic and the Great Resignation have left many scrambling to slow their attrition rate and shape employee retention plans to insulate themselves from the fallout. Businesses need to reconsider their retention policies and compensation structures if they hope to navigate the uncertainty successfully. Jump To... Calculating attrition rate | The Great Resignation | Wage pressure | Wage forecasting | Scenario planning | Expanding Candidate Search | Redefine Productivity | Benefits packages | Childcare and parental leave |...
Protecting your business from increasingly sophisticated fraud tactics is a challenge, especially in the continuing remote and hybrid working environment. As businesses have evolved their payment strategies and operational controls in this “new normal”, fraudsters are adapting to take advantage of vulnerabilities created in this changing landscape. Our bank experts share shifting fraud trends in the payment environment, fraudsters’ evolving sophisticated tactics, common types of fraud that may impact your business as well as best practices and steps you can take to mitigate risk and protect...
Managing a restaurant franchise in 2022 is like a high-wire juggling act. There are so many pieces to keep an eye on, and one wrong step can send an entire service crashing. As eating out resurges, one of the smartest moves you can make is to alleviate staffing concerns. Quick-service restaurants (QSRs) fell prone to any number of difficulties over the past several years, on account of the havoc brought on by the Covid-19 pandemic. Perhaps the most challenging of these problems has been that, since services could resume at normal levels, QSRs have not been able to find employees! As consumers...
Is just-in-time manufacturing entirely to blame for the shipping crisis and ongoing supply chain issues? Experts seem torn on the matter. Ailing after World War II, Japan set its sights on rebuilding its industry sector with some help from its friends in the West. For the next 30 years, they experimented with different ways to utilize cash flow, real estate, labor, and resources to maximize profits. Then, Toyota pioneered the first iteration of just-in-time (JIT) manufacturing: the practice of making products to order, instead of managing an unwieldy inventory. Also sometimes referred to as a...
With self-driving cars and self-remembering kiosks also on the horizon, QSR franchise leaders must seriously consider investing in upcoming automation trends to save on rising labor costs. Several Asian countries have embraced technology in their respective QSRs. Exacerbated by challenges across the board, it may be time for the West to catch up. Several factors have repeatedly pummeled the quick-service restaurant (QSR) industry over the past few years. Between emerging (and shifting) pandemic situations, labor shortages, and supply chain stumbles, it's impressive that many QSRs were able to...