The sharp increases in minimum wage that Florida business owners now face will force changes to restaurant and hotel business models. FTR Hospitality, a leading financial, technology and strategic consulting firm, will share lessons learned from other states like California, where they’ve helped clients navigate the path to a $15 minimum wage. From business model to back office restructurings, FTR and its clients will share invaluable experience around what works and what doesn’t when adjusting to new labor cost realities.
Included will be:
- When raising menu prices backfires
- How outsourcing back office functions can improve financial efficiencies
- How leveraging technology can help mitigate higher labor costs