This post brought to you by National Restaurant Association Educational Foundation . The content and opinions expressed below are that of upstartHR.
Over the past few weeks we have looked at competitive compensation,Â career paths, and work skillsÂ as they relate to careers in the restaurant field.
Today the focus will be on the value of a long term commitment to a career within the restaurant industry. Check out a few of the facts:
- Lifelong careers in the restaurant industry are not uncommon. 70% of restaurant employees plan to stay in industry until they retire.
- This is shown in the fact that the median tenure of restaurant management and business operations employees is 20 years in the industry.
- A job in the restaurant industry pays off: 71% of salaried restaurant managers, 50% of salaried shift/crew supervisors and 47% of salaried chefs/cooks earned a bonus in the past year.
In a time when many are worried about long term job stability, I think it’s a powerful testament to the long term value of these professions for 7 out of 10 employees to want to remain in the industry until retirement.
In addition, when many corporate employees are facing limited (if any) bonuses, the fact that 47-71% of restaurant employees received some bonus in recognition of their efforts is pretty astounding. The one that most stuck out from my point of view is the manager group receiving more bonuses than other staff–that’s yet another inspiration for the other employees to aspire to a higher level of leadership.
In the infograpic below titled “Dedication Pays Off,” you can see these and other statistics that prove the long term value of a career within the restaurant field.
Which one is most impactful for you?