A solid budget can help you to make better business decisions and guide planning for the future. Budgets can drive growth, identify cash-flow issues, motivate employees, and help you meet business goals. We will talk about creating a budget, getting it into Compeat, and how to use your budget to troubleshoot and aid in decision making.
For many, the basics of accounting can seem like a foreign language – debit and credit don’t mean plus and minus? What is an account’s standard balance- and how to I tell? What does it all mean?! We are going to review some basic accounting principles, terminology, and common transactions – and how to perform these in Compeat Advantage.
According to The National Restaurant Association, employee turnover across the entire restaurant industry was 61% in 2016 and that percentage is almost twice as high for front-line workers. The shocking truth is that restaurants on average are losing somewhere around $150,000 a year due to employee turnover alone! Let’s talk about how using Compeat Hire and Workforce can reduce turnover by creating a good culture, giving managers time to manage workers, and allowing managers to be more visible on the floor.
Best practices on keeping your database well maintained and managed. Starting from inventory items creation and maintenance, to setting up various orders. Will touch on best practices for daily, weekly, monthly, and seasonally/annual tasks for the most accurate cost of goods sold.
Most of the time you don't have the information that you need to drive your business or correct past mistakes until it's too late. Learn how to run financial reports in Compeat with up to date information.
Your menu is more than just a vehicle to show customers what dishes you have to offer. A great menu can improve your guests’ entire dining experience, elevate the value of your brand, drive customer buying decisions, and increase your profits.
Knowing the difference between your Actual and Theoretical Costs and how to troubleshoot variances is critical to managing your business. Learn some valuable best practices to help you narrow your margins and boost your profits.
How to use Compeat to make more informed Purchasing Decisions. Managing Vendor Prices with Order Guides, Finding the lowest priced vendors for products using the Shopping Lists, Creating Par Lists and reviewing Reports.
You may already be familiar with the convenience of accessing your Radar data via your mobile device, but your mobile device can do so much more than view data. If you aren't pushing intraday alerts to your pocket, processing employee time off requests without leaving the floor, or still taking inventory on paper, this session may be for you.
So, you may understand COGS, but you’re also likely not the person looking at frozen raw chicken before the sun rises. Communicating what needs to be done is only half of it. Without all the players understanding the how, when and why, the results will never live up to the hype. this workshop, we’ll discuss not only how to frame the basics to get COGS done (correctly), but also how to get your managers to buy in and generate enthusiasm and long-term dedication to make your COGS succeed.
Your Advanced Labor Scheduling system can do so much more than create and share schedules with your employees. You may be leaving money on the table if you are not taking advantage of ALS's integration with the rest of your Radar modules. We will address automatic forecasting from posted schedules, as well as how to identify efficiency opportunities in scheduling, operations, and human resources.
Learn how to use Radar to analyze some Key Performance Indicators you may want to target. Once you we have established some baseline metrics, learn how to put alerts and analysis in place to monitor and improve your bottom line.
With more than 200 configurable, moving parts, available at the stroke of a keyword search, creating the perfect dashboard can overwhelm even the savviest Radar user. I mean, what exactly is a widget and is it contagious? With Dashboards for the Win, you’ll learn why and how to customize an interactive dashboard that places key data in your face and at your fingertips, based on your position and priorities. You’ll be winning as soon as you walk in the door.
Come meet our Training and Implementation Consultants with a variety of product expertise and challenge them with your questions. Learn new tips and tricks to use the software and be on your way to becoming a Compeat power user in no time!
When it comes to investing in your team, leaders will only get out of employees what they put into them. INPUT = OUTPUT. It is just as simple as that. This session will go over tips to building a high performing team led by Compeat SVP of Sales, Paul Dodd.
Everyone has a certain reputation (or “brand”) that they’re known for in the workplace, but for most people, that brand has been created by default, rather than by intentional design. The people you work with have built up their own perceptions, opinions, and judgments about who you are, what you’re good at—and possibly even what you’re not good at. They have “branded” you in their own minds. Have you allowed others to define your reputation? If so, you have the ability to re-brand yourself. Compeat CMO Kristi Turner will teach you how to re-assess your brand –in person, online and when sending emails – and adjust your communication to that you can attract high-profile projects and solidify your reputation as a leader.
The Chief Financial Officer (CFO) has a reputation for being a number cruncher. The reality is that CFO’s are increasingly expected to be innovators and problem-solvers. This is exceptionally true in the restaurant industry due to the fast pace and low margins. The CFO is often looked to for strategic decisions about everything from staffing, product procurement, vendor management, technology and more. We are often the first one in and the last one out of the office, always wondering “how can I improve the business?” Compeat CFO will present three major issues that keep restaurant CFO’s up at night and some solutions to help you get some well deserved zzz’s.
The restaurant industry is notorious for having outrageous turnover. This causes many operators to become distant and treat staff as transient or temporary. Why waste the time and effort on employees that are not going to stay anyway? But did you know that you can improve employee retention by bringing humanity back into the workplace? Join this session to hear Compeat SVP of People and Culture, Carol Dunnigan, discuss key ways to bring humanity back in your workplace greatly improving the odds that employees will stay for the long haul.
It’s important to measure your success- and how you stack up against the rest of the industry. This session will provide brief overview of key benchmarks, as well as best practices for measuring ROI and company-wide and store- level performance. We will also share the results of the latest issue of The Counter, a report which breaks down public company metrics (i.e. same-store sales, cost of sales, labor, prime costs) by segment.
Learn how on demand pay is driving employee recruitment and retention and how to navigate the laws and regulations like constructive receipt for payroll processing.
The shortage of challenges for employers in the hospitality industry is never-ending. Between ban the box expansion, background screening litigation and the impact of medicinal and recreational marijuana, it is no wonder employers may feel a little lost. We're here to help – it is possible to stay in the know while focusing on your many daily responsibilities.
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