Restaurants are beefing up their employee benefits

The nation's labor-intensive restaurant industry - with its notoriously high turnover rate - is caught in a labor crunch. Restaurant outlets are expanding faster than the pool of workers, and potential workers are seeking jobs in other industries as the recovery picks up steam.

In response, restaurateurs are offering the entrepreneurial equivalent of candy and flowers. They're beefing up benefits packages - with cash and intangibles - in a bid to lure new workers and keep others from jumping ship.

'You see restaurateurs who, as the competition for employees heats up, will strengthen their portfolio of recruitment and retention tools,' said Hudson Riehle, the National Restaurant Association's senior vice president for research and information services. 'If you look at ... the whole list of benefits, you can see the increased emphasis on 401(k) plans, educational assistance and transportation assistance plans.'

While most restaurant companies have had some benefits packages all along, industry officials said they are putting renewed attention now on sweetening the pot.

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Source - The Virginian-Pilot


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