Trusted By Our Clients
F&B Industry Hurdles
Stressful Work Environment
F&B businesses are known as stressful workplace where the customer is ‘always right’. At the same time, 84% of employees spend time thinking about or dealing with finances at work. (1)
Labour Shortage
The F&B industry has the highest turnover rate of any industry, reaching close to 150%. (2)
High Recruitment Cost
The average cost of turnover per employee in the F&B industry is estimated to be around US$5,864. (3,4)
Overcome F&B Industry challenges with Earned Wage Access
89%
Workers would be willing to work longer for an employer offering Earned Wage Access.(1)
79%
Workers would be willing to work longer for an employer offering Earned Wage Access.(1)
Unlock the Power of EWA to boost your F&B business
Paywatch offers flexible payroll with guardrails in place for employees. Here’s how we can help you address the pain points of F&B industry.
Improve employee retention
Reduce turnover rates of up to 78%
Save annual rehiring fees
Happy employees, better customer service
Implement Earned Wage Access to overcome challenges
Paywatch provides customized approach and dedicated support to launch and onboard your employees seamlessly. Work with us to simplify your payroll process and reduce administrative tasks.
Easy implementation
0% interest charge.
No impact on cash flow or payroll process
Let us handle your early pay requests and boost your business.
Hear it for yourself
"Paywatch helps my employees just be a little bit more happy, mindful, and present at work, which obviously increases productivity."
Kai Zen Au
Managing Director of
Kenny Hills Hospitality Group
Source:
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Visa. (2019). Earned Wage Access (EWA) provides early access to already earned wages, helping both workers and employers.
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Workpulse. (2023). How much will employee turnover cost QSR franchisees in 2021?
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National Restaurant Association. (2022). Take Charge of Turnover.
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Cornell University. Cornell Hospitality Report (2006). The Cost of Employee Turnover: When the Devil Is in the Details.