DOWNLOAD: Competitor Pay Rate Survey
When it comes to deciding on how much to pay employees, many restaurant and bar owners make the mistake of using preconceived hourly rates. But if you expect to have the best staff available, then you need to know what the going rate is for both hourly and management positions. Likewise, you don't want to lower your profits by paying too much.
One way to evaluate wage expectations is to find out what other restaurants in your marketplace pay. Use the Competitor Pay Rate Survey spreadsheet to collect wage ranges from similar type operations. Once you know the going rate, then tweak your wages to attract the best staff while increasing profitability.
Summary of features & benefits:
Reveals the lower, median, and upper end of the pay rate spectrum for similar job positions
Compare side-by-side pay rates for up to six competitors
Compare hourly staff rates or salaried management positions
Includes a partially completed sample worksheet for reference
Helps in determining how your pay scale stacks up against your competitors
The Competitor Pay Rate Survey is downloadable in Microsoft Excel® file format.