The hospitality industry has faced many challenges within the last few years, including Brexit, the COVID-19 pandemic, and now rising energy and food costs. As a hospitality worker, you may be feeling uncertain about your future but there are many reasons why you should stick within the industry you’re passionate about. In this blog post, we discuss those reasons and explore how businesses are adapting in these testing times.
Staff shortages – Due to Brexit and the pandemic many businesses were faced with staff shortages. Since then business owners have had to come up with solutions in getting staff numbers back up, especially as the industry relied heavily on skilled workers from Europe. According to Judy Joo, CEO, co-founder, and executive chef of London’s Seoul Bird, she states that “we have to pay higher competitive wages and offer good incentives to retain staff” (Forbes.com). At Paramount Personnel, we ensure our clients offer higher competitive salaries to ensure we can offer the most suitable candidate for the position, in turn helping businesses to thrive. So, with the rising cost of living prices now’s the time to find a position that reflects your worth and your skills. Visit our hospitality roles on our vacancies page by clicking here.
Rising food costs – With food prices on the rise companies are finding ways to help reduce increasing costs. These include introducing loyalty programs, reducing menus, and sourcing local produce. Hilton Smythe business advisors offer tips and solutions on their website where they suggest communicating and being transparent with customers wherever possible. This might include announcing price changes on social media platforms, and explaining why there may be increasing prices. They also suggest cost-cutting. So, “identifying low-cost high-profit items on menus and reevaluating portion sizes especially if you are consistently met with waste.”
Increased Energy Prices – It’s a well-known fact that energy prices have skyrocketed recently. This not only effects the hospitality industry, but every industry. The Caterer conducted a survey and we can see from their article, “Survey results: how are rising energy bills affecting hospitality businesses?”, how respondents are trying to cut consumption. Businesses are doing this by investing in new windows and solar panels (especially hotels), replacing lightbulbs with LED lights, and reducing menu sizes to save on refrigerator and freezer running costs.
The industry is learning to adapt to many changes and challenges, if you would like to be apart of that industry contact us today by calling 0345 241 1000.
