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(visit the link for the full news article)
In light of the passage of the Patient Protection and Affordable Care Act, restaurant companies and franchisees are looking into ways to lower costs to save money, including cutting employee hours.
“What we’re seeing is that this health care law puts unique challenges on chain restaurants,” said Rob Green, executive director of the National Council of Chain Restaurants. “The law will have cost implications on a lot of different business sectors, but restaurants and retail are in the bull’s eye.”
Originally posted by Daedal
The implications of the affordable care act on restaurant business and retail in general will have significant costs, that different retailers are currently trying to mitigate by running different tests at certain locations (restaurants) by cutting employee hours to figure out an optimal range to offset coming costs.
The retail industry in general supports 1 in 4 American jobs, equating to some 42 million overall. This industry is directly and indirectly responsible for 18% of GDP or 2.48 trillion dollars.
Exactly how the ACA will affect employers is yet to be seen, however it will impose heavy mandates on employers using punitive penalties for non-compliance.
nrn.com
(visit the link for the full news article)
"In light of the passage of the Patient Protection and Affordable Care Act, restaurant companies and franchisees are looking into ways to lower costs to save money, including cutting employee hours. "
Originally posted by Daedal
reply to post by newcovenant
My concern would be cutbacks in employee hours. This IMO will have an impact on how families operate. The costs of living surely aren't going down anytime soon and for people living paycheck to paycheck the little cuts may have significant impacts on their daily lives.
Originally posted by SLAYER69
reply to post by Daedal
"In light of the passage of the Patient Protection and Affordable Care Act, restaurant companies and franchisees are looking into ways to lower costs to save money, including cutting employee hours. "
AND
There my friends goes the last bit of customer service. This will make an already painfully slow business even worse.
But hey that doesn't matter...
Originally posted by Hefficide
Most restaurants and chain retails stores are already operating on skeleton crews. Shop at Wal Mart recently? 50 cash registers - 3 open?
~Heff
Originally posted by Hefficide
Most restaurants and chain retails stores are already operating on skeleton crews. Shop at Wal Mart recently? 50 cash registers - 3 open?
~Heff
the Obama administration has issued a staggering total of 111 Obamacare waivers (and counting) so far. The list of the dozens of companies and organizations that have been approved for a waiver is very, very deeply buried on the website of the Department of Health & Human Services. In fact, it takes six separate clicks to get to the list. Some of the companies that have been granted waivers include McDonald’s (NYSE:MCD), Darden Restaurants (NYSERI) (owners of the Olive Garden and Red Lobster restaurant chains), Aetna (NYSE:AET), the United Federation of Teachers Welfare Fund in New York, and Dish Network (NASDAQISH).
Originally posted by SLAYER69
reply to post by newcovenant
What the hell are you going on about?
If they are cutting hours that means less Customer service. They aren't cutting because of excess help or hours. they are cutting to afford the insurance which is a Crock. they are just greedy.
Restaurants and Customers are a symbiotic relationship. Customers want to eat, Restaurants cook and serve. If they cut back on the hours they wont have enough people to serve properly.
The business will suffer once the word get's around about the lousy service due to lack of proper staffing.
.