The
Benefits Advantage
By Marilyn Odesser-Torpey
Quick-serve’s pool of potential employees
is dwindling. Will offering benefits stem the flow?
As aging Boomers make way in the
workplace for a smaller Generation X and the overall job market picks up, restaurant
industry analysts warn that that the pool of potential restaurant employees is
shrinking. In fact, the Dallas, Texas-based human resource analysis and
tracking firm People Report warned at its recent Annual Best Practices
Conference that by 2006 “there will be only one new employee entering the
workplace for every two who are leaving.”
The
National Restaurant Association’s (nra)
most recent forecast on quick-service restaurant trends indicates that some
operators are already beginning to feel the pinch. In a survey last year, one
quarter of respondents rated “recruiting and retaining employees” as their
biggest challenge. The cause? Escalating competition
in a industry offering more job opportunities—about
127,000 jobs over the past three years—to a shrinking population.
“Trends
for concern are ones that either prevent companies
from developing their future labor pools, or those that reflect problems with
retaining current employees,” People Report says. “The service sector workplace
will become more competitive, with fewer employees available to fill more
jobs.”
Some
progressive operators are already discovering that one effective way to attract
quality, long-term employees and stem the high turnover rate is by offering
menus of meaningful, flexible, and competitive healthcare and other benefits to
hourly as well as salaried employees. In the recent Survey of Unit Employment
Practices (sulep) People Report conducted among its
75-member restaurant industry consortium member companies, the organization
found that the average annual turnover rate for those who offered basic health,
dental or 401(k) benefits was 109 percent, compared to a rate of 136 percent
for those companies that did not offer any benefits.
Furthermore,
the survey showed that the average annual turnover rate for responding
companies that offered all three benefits was 104 percent, as opposed to the
128 percent rate for those companies that did not offer all three.
“In my
30-plus years of experience with several of the foodservice industry’s
largest and most successful chains, I’ve watched benefits programs evolve to
the point where competition demands that companies offer comprehensive
benefits, just to be considered by prospective employees,” says industry
consultant Bob Puccio, president of Business
Solutions 2000 in
“Hourly
employees are much more sophisticated these days; they’re looking toward the
long-term and building a nest egg,” agrees People Report president Teresa Siriani.
Among
the quick-service segment respondents to the NRA survey, nine out of 10 said
they offered group health insurance to salaried employees while just over half
offer coverage to hourly employees. Nearly all respondents indicated that their
annual health insurance costs increased during the past two years, with an
average increase of 22 percent per year.
However,
industry experts point out, savvy operators are
realizing that the cost of retaining quality employees is balanced out by
increases in sales.
“Studies
in the restaurant business and other industries have shown that the higher the
tenure of the workforce, the higher the sales per square foot and per
employee,” says Hudson Riehle, NRA’s senior vice
president of research. “In the back of the house, experienced employees make
production more efficient; in the front of the house, veterans tend to be more
knowledgeable about the menu offerings and ready to point out additional items
to round out a customer’s meal.”
Based
on these realities, industry analysts recommend that instead of viewing
employee benefits costs as operational expenses that weaken the bottom line,
more operators would do well to view them as necessary investments that will
increase profitability in the long-run.
“You
can only cut operational expenses so far before you actually hurt your
business,” Riehle says. “The only way to remain a
vibrant, growing business is to increase sales.”
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“Hourly employees are much more
sophisticated these days; they’re looking toward the long-term and building a
nest egg.” |
Industry
Examples
In a
study conducted three years ago, the 83-unit Noah’s Bagels found that the
longer their general managers worked in their stores, the more successful they
were at developing relationships with guests and building the numbers of repeat
customers, says Masha Schricker,
vice president of human resources for Noah’s parent company New World
Restaurant Group. To attract and retain career-minded employees at both the
salaried and hourly levels, Noah’s offers health care coverage “that begins on
day one.”
New
hires at Noah’s are immediately eligible for coverage of up to $1,500 under an
interim insurance program that continues until they are eligible for the
company’s regular medical plan—a period that usually spans between seven and
nine months.
“This
is particularly attractive for single mothers and individuals with families ,” she says.
Salaried
employees at Noah’s are eligible for full coverage the first day after their
first full month of employment. Schricker notes that
to ensure employee access to the largest number of physicians in all of the
locations where Noah’s has restaurants, the company has chosen to move from a
Health Maintenance Organization (hmo)
to a Preferred Provider Organization (ppo).
All
employees over the age of 21 and who have been employed for more than six
months may also join a 401(k) savings plan. Noah’s matches contributions on a
sliding scale ranging from a minimum of 25 percent to a maximum of 75 percent,
based on company performance.
Comprehensive
medical, dental, and vision coverage packages along with a 401(k) plan have
helped the close to 90-unit Corner Bakery Café chain keep turnover rates for
the last three years under 100 percent for hourly employee and under 20 percent
for managers, according to company human resources director Denise
Kendrick-Clemens.
Businesses
of all sizes need to recognize the special tax treatment accorded to
employer-sponsored health insurance, says Denny Dennis, senior research fellow
at the National Federation of Independent Businesses (nfib).
Explaining that coverage is typically fully tax deductible as a business
expense to the company and is not treated as taxable income to employees, employers
can attract and retain good people while lowering their compensation costs by
offering packages of health care insurance and wages, rather than higher wages
alone.
Starbucks,
for example, offers full- and part-time employees custom-tailored wage and
benefit “Total Pay” packages. Each employee is invited to create “Your Special
Blend” of benefits by choosing from a variety of options including medical,
prescription drug, dental, and vision coverage. Also available are retirement
savings plans, adoption assistance, domestic partner benefits, and referral
programs and support resources for child and eldercare.
Companies
such as Noah’s and Corner Bakery have found that offering employees the
opportunity to set aside wages for non-group health-, elder-, and child
care-related expenses in non-taxable flexible spending accounts is also a
viable way to provide their people with the coverage they want while keeping
expenses at manageable levels. Siriani points out
that some operators are also offering their hourly employees tuition
reimbursement, adoption assistance, and other benefits that were formerly
available only to salaried employees.
|
|
To attract and retain career-minded
employees at both the salaried and hourly levels, Noah’s offers health care
coverage “that begins on day one.” |
Benefits Beyond Insurance
According
to the SULEP survey, many of today’s employees are looking for companies that
offer benefits beyond insurance. One example is extensive orientation and
training.
“Among
our respondents, companies that offered one to two hours of orientation had an
average annual turnover rate of 120 percent; that number dropped to 86 percent
for companies that offered more than four hours,” Siriani
says.
Another
strong selling point among younger employees is community involvement. Over a
two-year period, SULEP respondents that contributed to or sponsored community
service events said they experienced a drop in hourly employee turnover from
134 percent to 109 percent; management turnover decreased from 35 percent to 32
percent.
Corner
Bakery regularly reevaluates its benefits offerings through surveys, focus
groups, and questionnaires to ensure that the company’s offerings are keeping
up with employee needs, according to Kendrick- Clemens.
Experts
predict that as the economy perks up, companies committed to employee
satisfaction will reap even more of the benefits.
“We
believe that the turnover rate will rise as the economy strengthens and unhappy
employees come out of hiding to seek new, more satisfying jobs,” Siriani says. “That’s why this is the time when companies
should be taking a good, hard look at the people we have and developing
strategies for keeping the best ones.”