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2006 Salary & Benefits Survey Results now available Full Service Restaurant Industry First report $150; additional reports $100; $295 for report bundle (all three industries). To order a report, call us at 707.996.2234 or email us. * results available in html, PDF or Excel format
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Tales from the Frontlines: The Importance of a Competitive Wage and Benefit Package - a short story My business partner and I recently took control of a small company that provides products and services to a very specific and narrow market segment. One of our first tasks was to fill a number of open positions in various departments. Most of the employees were long term, but we learned that the open positions had been filled and vacated several times over the past year. We wondered why it was so difficult to attract and retain qualified people with the specialized skills we needed. In a discussion with some friends, an executive for a manufacturing firm asked if the compensation and benefits package had been evaluated lately. He told us that if it's been a long time, low salaries and/or benefits might be the obstacle we needed to remove. In fact, it was. In our first weeks at the company, we launched an employee satisfaction survey that showed us how many employees felt that they were not being paid competitive wages when compared to people doing similar jobs at other companies. Further analysis of the results convinced us that we needed to reevaluate and adjust the salary and benefits structure in order to attract and retain the caliber of skilled employee needed to operate the company profitably. First, we gathered detailed information from a number of Internet databases on salary structures. Then we compared our structure and saw that we were on the lowest fringe of the salary range. Unable to manage large-scale increases all at once, we developed a plan to phase in the increases over a period of time, and broke each position down into ranges according to expertise and experience. We offered a hiring bonus, and developed a competitive bonus plan based on performance, staggering the payments over several quarters to encourage employee retention. Then we examined the fringe benefits portion of the package. We also added an optional long-term disability insurance plan, with employees paying a portion of the premium. Our company achieved the desired results by making these changes. As it turned out, the timing was perfect - long time employees would have moved on if we had taken no action. Next time, we'll be sure to make it a priority to reevaluate and adjust our compensation and benefits package on a regular basis. Anonymous Submission to Tales from the Corporate Frontlines series. © AlphaMeasure, Inc.
The leader in product development editorial content. Recently celebrating its 15th anniversary, Food Product Design delivers practical, use-it-now, take-it-to-the-bench editorial for R&D professionals in the food industry who develop products for retail, foodservice and functional food markets. Food Product Design is the industry's leading product development content and information resource. Its Web site, foodproductdesign.com, includes a searchable article archive, daily news postings, online exclusives, blogs and much more. 
   Evan Goldstein, MS, vice president of global brand education, Beam Wine Estates, Healdsburg, California and Charlie Trotter, chef/owner, Charlie Trotter’s and Trotter’s To-Go, Chicago, and C at the One&Only Palmilla Resort, Los Cabos, Mexico will team up to explore Pairing Food and Wine: What Works... What Doesn’t… and Why. 
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