Hoover Foods
Solutions
Reduce Turnover / Hire Better Candidates / Get More Applicants (and fulfilled interviews)
We've partnered with Sprockets as a way to help our QSR clients dramatically reduce their Employee Turnover with hourly employees.
Sprockets is a technology company that's developed an AI-platform specifically designed for businesses with hourly employees. Essentially, their service automates and instantly matches (scores) applicants' qualities vs your best employees and lets you know in real time. Plus, they drive applicants (that are already in your system) to reapply via an automated text function. It's more then that but that's it in a nutshell. More applicants, better hires, and increased retention. And, the results have been spectacular (including the cost - one new hire basically pays for it).
They've worked with loads of QSRs and it's been successful wherever they've incorporated their service. Below is a Bojangles Franchisee (50 locations) case study detailing $134K in Employee Turnover savings as well as an overview of what they do.
I'd love to set up a demo and show you why (and how) it's been so effective (please schedule a time via www.owneronlybenefits.com/employeeturnover).
We've helped other QSR Franchisees significantly lower their energy expenses and improve cash flow. Yes, we can help you find the best natural gas rates for your GA locations with no cost, no effort, and no contract ((www.owneronlybenefits.com/energy )--- but that's probably a minor cost vs your electricity expense).
For your electrical expense, we can help curtail & control your costs to the tune of a 10-30% Reduction (documented).
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Our agency's entered into several strategic partnerships (like with Sprockets) to help our clients lower costs and improve margins (particularly for Hospitality and QSR companies).
One of these partnerships is with Madison Energy Group.
Madison Energy Group, one of the top Energy Engineering Control Companies on the East Coast, has saved businesses $ millions in annualized costs throughout the country via their patented energy saving technologies. Their products have been proven to reduce energy usage, prolong equipment (HVAC, Freezers, etc..) and easily retrofit with existing equipment.
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We have loads of examples documenting the annualized energy savings for a multitude of QSRs (Wendy’s, Taco Bell, McDonalds, BoJangles, etc…..). The results speak for themselves: fast ROI (usually within 12 months), large energy reduction, lower equipment maintenance, and cash-flow friendly financing options. For instance, there's a BoJangles franchise group that's saving $252K per year (with a 12 month ROI) from integrating just a couple of the patented products with their HVAC & Freezers.
To see all of our documented QSR Energy Savings, learn about their technology, and schedule a time for a short exploratory conversation please visit www.owneronlybenefits.com/energysavings.
Bojangles Case Study (60 Locations - $250K+ Annual Savings)
QSR Technology: Energ2 (Refrigeration Controls) 15-30% Energy Reduction
QSR Technology: intelliHVAC (HVAC Controls) 10-30% Energy Reduction
Let's talk soon. Obviously, not all of these solutions will work for you. However, they do work and I'd love to learn more about your business, employee challenges, and 2025 priorities and discuss which ones might be most effective for you.
Thanks and I look forward to speaking soon.
Warm Regards,
Spence
Spencer White
President
tswhite@owneronlybenefits.com
770.833.3220 ph
Reduce Energy Costs 10-30%
Ideas to Recruit, Reward, and Retain Key Employees (GMs / DMs / Upper Management):
1. Executive Medical Plan - Reimburses participants for out-of-pocket medical expenses (deductibles, co-pays, etc...) up to $100K. *Premiums paid (and expensed) by the business and benefits received tax-free. Company selects participants and can start anytime. Perfect for key employees delaying a medical procedure because of the out-of-pocket medical expenses (co-pay / deductible / etc...) or if you wanted to incentivize employee loyalty (or reward them). Here are several case studies for your review. A great way to attract, retain, and reward your best employees!
2. 162 Plans - for Select, Highly Valued Employees. Sometimes called Double Bonus Plans or Supplemental Executive Retirement Plans (SERPs) [utilizing IRS Section 162], essentially participants enjoy individualized life, disability, and long-term care insurance plans paid via the company. However, to keep the proceeds from being taxable, participants must include these payments as income (hence, the "double bonus" part - the company "bonuses" the tax requirement on the premium payments on top of paying the premium).
Key Employee Carve-Outs
I understand the challenge of offering benefits to your employees. Leveraging Instant to pay your employees more frequently is a great benefit and incentive for them to work.
That said, here are a couple of other low-cost, easy-implementation/admin, high-ROI benefit Ideas to recruit, reward, and retain your hourly workers:
1. Employee Assistance Program - Employer Funded. Create a mandatory waiting period (30/60/90 days) and then provide this for your employees as a reward. The benefit is like a mini-health plan (among other benefits: provides $ for preventative care, annual blood screenings, vision/dental benefits, $ for gym memberships, and more). Cost is roughly $125 per month per participant but extremely valuable (especially to those with no or limited healthcare protection).
2. Telemedicine Benefit - Unlimited 24/7 MD Access for the participant and their entire family (if desired - no additional cost). If Employer funded (or payroll deducted), approximately $10 per month per participant (5 participant minimum) and the employer can set waiting periods for enrollment. Employees can signup individually as well via www.gatelemed.net ($18/month).
For your W2 part-time or hourly employees, both of these Ideas could increase your WOTC (Work Opportunity Tax Credit) benefits as a by-product (we created a WOTC program that analyzes your WOTC drivers and details how much $ you can expect per WOTC participant (and by increasing their working days). It also quantifies how adding a longevity-based benefit (like the Telemedicine Benefit) can increase your WOTC reimbursement (you can download it at: www.owneronlybenefits.com/wotc)).
Low-Cost, High ROI Incentive Ideas for Part Time Hourly Employees
We've partnered with an innovative technology company (Shift) that's developed a "Roku-Like" device that allows for immediate information dissemination (just plug it into an hdmi port). It's been especially well-received with QSRs / Restaurants, Hospitality, and Franchise groups.
1. Immediate Employee Notification (even on location): Instructions, Company and Legal Notices, Employee Recognition, Product and Sales Pushes (with incentives)
2. Low-Cost / High-ROI
3. Information Centrally Controlled & Disseminated On-Demand
Improved Employee Communication for Increased Productivity, Performance, and Retention