As workforce crisis continues, virtual hiring, flexible scheduling and access to wages help attract and retain workers
Austin, Texas (RestaurantNews.com website) fourtha leading provider of smart workforce and inventory management technologies for the hospitality and retail industries, announced that its integrated applications increased employee satisfaction and improved employee retention by 36%.
hot shift, people orientedand fire place – all parts of The fourth intelligent platform – Enables restaurant operators to address labor shortages with solutions for attracting and retaining staff. With Fourth’s end-to-end intelligence platform, restaurant operators can remove friction from the hiring process, implement optimal staffing, and offer employees flexible compensation.
“The average restaurant is losing 10-15% of the revenue it could have earned if they were able to get the staff they needed to operate at full capacity,” he said clinton anderson, the fourth CEO. “As labor shortages intensify, operators must expedite the hiring process. In addition, using earned wages to ease employees’ financial stress is a huge benefit for both employees and employers. Our integrated solution enables operators to differentiate and compete for talent in today’s challenging labor market.”
This sentiment is reflected in most recent visa reportwhich states that 79% of employees would leave their current employer because they offered an opportunity to earn a salary.
Fourgo, Fourth’s same-day pay app, is the only payroll access solution that is fully integrated within the scheduling app HotSchedules at no added cost to the client. This integration in HotSchedules is driving an unprecedented 80% user adoption rate.
“The launch of Fuego was seamless. We saw immediate benefit to team members across all of our restaurants,” said Jeff Gabriel, Vice President of Strategy. 23 restaurant service. “Employees really enjoy being paid almost immediately, and managers are happy that they can offer this perk to retain the talent they’ve worked so hard to hire. It’s a win-win for everyone.”
Not only does Fuego allow employees to set and track financial goals within the app, but team members can sign up for the Fuego Visa® Card, an important benefit for those who may not have a traditional banking relationship.
Fuego cards are also available as a payroll deposit option people oriented Clients, Applicant Tracking and Onboarding Applications for Fourth.
To learn more about the Fourth Intelligence Platform, visit fourth.com.
about the fourth
When every hour or every shift counts, Fourth helps restaurants, retailers and hotels navigate the day with data-driven workforce and inventory technology. Fourth Intelligence Platform leverages more than 20 years of rich data and advanced analytics to deliver actionable insights and demand forecasts to optimize operations, maximize profits, and empower workforces. With a streamlined business powered by Fourth Intelligence, operators can act with confidence and confidently overcome whatever comes their way every day. Headquartered in Austin, Texas, Fourth serves more than 15,000 customers at 100,000 locations worldwide.For more information, please visit fourth.com.
About the Fourth Fuego Visa Card
The Fourgo Visa Card is enabled through Fourth’s partnership with Central Payments and their Open*CP API Marketplace.
The Fuego Visa Card is issued by the Central Bank of Kansas City, Member FDIC, under license from Visa USA, Inc. And you can use it anywhere Visa debit cards are accepted. Certain fees, terms and conditions relate to card approval, maintenance and use.You should review your cardholder agreement and fee schedule at www.getfuego.com/legal. If you have any questions about the Card or these fees, terms and conditions, you may contact us toll free 1-855-715-8518, 24/7/365.
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