If there’s one constant in the QSR workforce, it’s turnover. But there’s a new source of competition that is compounding this challenge: Jobs where people work today and get paid today. Amid rising consumer prices and inflation, hourly workers can’t always wait until payday to meet their needs, so they’re increasingly turning to gig and contract jobs where they get paid on the spot. It’s no wonder that average turnover in QSRs is over 100% as workers seek positions in other industries.
At the same time, QSRs face their own financial constraints with limited labor budgets and increased pressures from tariffs and inflation. While they may not be able to increase payroll, they can improve employee stability by offering flexibility in when employees receive their wages to level the playing field with other employment options. In this webinar, we will discuss earned wage access, clarify misconceptions about the benefit, and provide a blueprint for QSRs to create worker stability and establish a competitive advantage. You’ll learn about:
The newest staffing competition for QSR workers
The state of the hourly worker and what that means for QSR leaders
The truth about how earned wage access works
How earned wage access improves attendance and retention
What to look for in an earned wage access program