Introduction Gross profit margin is a crucial financial metric that measures the profitability of a company’s core business activities. It represents the percentage of revenue that exceeds the cost of goods sold (COGS), indicating how efficiently a company is producing and selling its products or services. What Does Gross Profit Margin Mean for a Company?…
Read more
Introduction In today’s competitive business landscape, companies are continually seeking innovative ways to motivate and retain their employees. One such method gaining popularity is profit sharing. This article delves into the concept of profit sharing, its benefits, drafting considerations, potential outcomes, and the overarching purpose it serves for both employers and employees. What Does Profit…
Read more
Introduction Crafting effective Key Performance Indicators (KPIs) is crucial for enhancing the performance of restaurant department teammates. This article will explore KPIs tailored for various roles within the restaurant, including front of house (managers and service crews) and back of house (head chef and kitchen assistants). Front of House: Manager and Service Crews KPIs could…
Read more
Introduction The Importance of Achieving Alignment: To highlights that achieving alignment between employees and employers is crucial for the success of an organization. Alignment refers to when both parties—employees and employers—share common goals, values, and perspectives. This alignment is emphasized as a fundamental aspect of organizational success, suggesting that it’s not just beneficial but essential…
Read more
Introduction The F&B industry in Malaysia is a vital sector contributing significantly to the nation’s economy. In 2024, the Malaysian government introduced a new Employment Act tailored to address the specific needs and challenges faced by the F&B industry. This article aims to delve into the key provisions of this act, focusing on aspects such…
Read more
Introduction In the fast-paced and ever-evolving world of catering, staying ahead of the curve isn’t just a competitive advantage – it’s a necessity. As tastes change, dietary preferences shift, and trends come and go, catering businesses must innovate to survive and thrive in a market that’s as unpredictable as it is delicious. In this article,…
Read more
Recent Comments