People Report Announces Record Member Company Growth in Q407 and Q108
People Report, the leading human capital measurement and research firm for the service industry grows by 19 chain restaurant members and five independent operator members, showing that human capital measurement and a tight labor market are priorities for the service sector.
Dallas, TX (PRWEB) April 27, 2008 -- People Report announces that nineteen leading restaurant chains and five independent operators have joined the People Report member company consortium to best analyze and benchmark their human capital practices. These companies join over 120 existing member companies already a part of People Report's industry leading database on human capital containing hundreds of thousands of individual management and hourly records.
In the last quarter of 2007 & first quarter of 2008, the following companies have joined the People Report consortium:
| | - Quick Service: Burger King, Checker's Drive in, Papa Murphy's Pizza, Sonic Drive in, Taco John's, Villa Enterprises
- Fast Casual & Family Dining: ACG Texas (IHOP Franchisee), Au Bon Pain, Bread & Company, Flying Star Café, Furr's, Pei Wei, Z Tejas
- Casual Dining: Abuelo's Mexican Restaurants, Buffalo Wild Wings, Joe's Crab Shack, Mimi's Café, Red Robin Gourmet Burgers, Sonny's BBQ
- High Volume Casual and Fine Dining: Fogo De Chao, The Patina Group, P.F. Chang's China Bistro
- Independent Operators: Border Grill, Jean Georges, Oceanside Management, Star Restaurant Group, Think Food Group
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"People Report continues to find that businesses that consistently measure human capital have better results in terms of turnover & comp sales," says People Report President, Teresa Siriani. "The majority of People Report member companies have 5% less management turnover and up to 20% less hourly turnover than the industry average. At a cost of nearly $20,000 per manager lost and $2400 per hourly, these savings alone contribute significantly to increased margins."
"We (People Report) are proud to continue to add leading companies to the membership consortium as it adds depth and richness to the data we provide our members quarterly," shares Shyam Patel, Vice President and Senior Research Analyst. "We are especially excited to see such growth in the QSR and Fast Casual segments."
For more information about People Report quarterly membership and industry leading human capital insight, please go to www.peoplereport.com or contact Matt Smith at matt@peoplereport.com or 972-795-0937.
People Report™ is the foremost provider of workforce metrics, benchmarks, trends and best people practices for the foodservice industry. With close to 100 member companies, the mission of People Report is to be the catalyst for service companies seeking to balance people and profits. Services include quarterly and annual reports for its members that track, analyze and benchmark the people side of the P&L. In addition to its member only reports, People Report conducts broad national research on the service sector workforce of today and tomorrow, including demographics, compensation & benefit information, recruiting and training practices, turnover costs and solutions and more. Visit the experts on current and future HR trends for the foodservice industry at www.peoplereport.com to download and order reports, find a speaker, as well as learn more about membership.
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