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October 25, 2013 Big Brother is a Restaurant's Best FriendSince restaurants are low-margin businesses, theft by employees — which can cost the industry up to $200 billion a year — is a huge deal. So, many restaurants have turned to Big Brother for help, installing software in their computer systems that tracks and analyzes all transactions for red flags. The use of monitoring hasn't been free of controversy, of course. But it's hard to argue with the results. Although theft per restaurant has only decreased by $25 per week, revenues have increased by $2,475. Why? With theft no longer a viable option, staff are incentivized to hustle more, and take better care of customers. And as a result, tip percentage has gone up, too. Everybody wins. SOURCE: In Praise of Electronically Monitoring Employees by Andrew McAfee |
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FEATURED PRODUCTHBR Guide to Coaching Your EmployeesHBR Press BookWhen you're swamped with your own work, how can you make time to coach your employees—and do it well? If you don't help them build their skills, they'll keep coming to you for answers instead of finding their own solutions. Got a star on your team who's eager to advance? An underperformer who's dragging the group down? A steady contributor who feels bored and neglected? You'll need to agree on goals for growth, motivate your people to achieve them, support their efforts, and measure their progress. This guide gives you the tools to do that. You'll get better at (1) Matching people's skills with your organization's needs; (2) Creating realistic but inspiring plans for growth; (3) Customizing your approach; (4) Prompting with questions before you dispense advice; (5) Providing the support your employees need to achieve peak performance; (6) Giving them feedback they'll actually apply; (7) Tapping their learning styles to make greater progress; (8) Giving people room to grapple with problems and discover solutions; (9) Engaging your employees and fostering independence. Buy It Now |
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