Ep 06 Part 2: Driving Labor Efficiency and Employee Development in the Restaurant Industry
In this episode of the Instant Payments Podcast, Tal Clark, CEO of Instant Financial, continues the conversation with Matt Umholtz, President of AllianceHCM, delving into the labor challenges faced by the restaurant industry. The discussion navigates the importance of an 'hourly first mindset,' career advancement opportunities, and the role of training in reducing turnover rates among young workers. They explore the benefits of earned wage access as an incentive for employees, dispelling misconceptions about it being akin to payday loans. The episode also highlights the significance of cutting-edge HR technologies and AI for improving operations and profitability. Lastly, tips for budding restaurant operators and the importance of leadership understanding their employees' experiences are shared, emphasizing the need for empathy and innovative solutions in the industry.
00:00 Introduction and Welcome
00:20 Labor Challenges in the Industry
00:47 Understanding the Hourly First Mindset
03:10 Earned Wage Access and Its Misconceptions
09:42 Technology and Innovation in the Restaurant Industry
13:34 AllianceHCM's Role and Innovations
19:10 Rapid Fire Questions and Insights
24:48 Conclusion and Farewell
Workforce Warriors Award: https://www.instant.co/workforce-warrior/
Instant Financial: instant.co
AllianceHCM: alliancehcm.com
Connect with Tal Clark: https://www.linkedin.com/in/tal-clark-a60776b/
Connect with Matt Umholtz: https://www.linkedin.com/in/mattumholtz/
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