Jake Plonka.  There are many dominant food service programs around the world.  Some big names are Compass, Sodexo, and Aramak. Based in the UK, Paris,

Slides:



Advertisements
Similar presentations
Payday Lending and Credit Unions Lois I Kitsch National Program Director National Credit Union Foundation.
Advertisements

Restaurant Owner A restaurant owner is sometimes also the restaurant manager. The actual job description depends on the other workers employed. Some owners.
LESSON #2: Ticket Pricing. Price: the amount of money you charge customers for one unit. Ticket prices should reflect what customers are willing and able.
4.4 The Economy at Work.
Double-Entry Accounting When a business receives something of value, it must give up something of value in return.
Warm-Up People who own stock in companies may receive cash payments based on how much profit the companies make. Name 2 companies you would invest in.
Cost of living exercise
Downtown Prosperity, Neighborhood Neglect: Chicago’s Black and Latino Workers Left Behind An Analysis of U.S. Census Data Covering Neighborhood Workers.
INTRODUCTION TO HOSPITALITY Second Edition by John Walker ©1999 Prentice Hall, Inc. Simon & Schuster/A Viacom Company Upper Saddle River, New Jersey
Using a Bank or Credit Union consumer.gov. Why use a bank? A bank is a place to keep your money safe A bank’s services include: – checking accounts and.
Dalton Dining Hall Case Presentation By: Kathryn Stallings Carter Farmer Chelsea Hentschel Michael Asheber Silence Grumbine.
The Minimum Wage Crisis
3.1 Sources of Finance Chapter 18 Part 1.
How a home loan becomes a security?. Firstly, I choose a house that I would like to buy. Than go to the saving Banks.
Restaurant Manager Blake Boykin.
Financial Awareness Ann Elinski Senior Advisor Office of Financial Aid.
8/14/ Opportunity Costs Ch. 12 Claudia Garcia-Szekely.
 What is one of your favorite restaurants?  Why is it your favorite restaurant?  How long does it take to get your food when you order?  Do you pay.
Factor Markets: A review
Unit 2.5 What is a Successful Business?. Winning 1 st Prise Getting the answer right Being Rich? Being Happy Having a Big House How do we judge success?
Budgeting What is a budget? What are characteristics of a budget? Why do you need to budget?
Banking and Credit Cards. Fees ATM Fee- charge for using ATM services from a different bank ATM Fee- charge for using ATM services from a different bank.
Discussion Session 4 - Review 07/15/2015. Supply and Demand through a Labor Lens In the labor market, demand comes from firms who “consume” labor to produce.
FOODSERVICE MATH aka: I just want to cook, so how come I have to know this stuff?
Pro athletes are paid fair salaries.
 “Anything on stage except for the actors”  Lights  Sets  Costumes  Makeup  Special Effects  Sound  Stage Management  And more…
To understand what is meant by the term stakeholder Stakeholders Local community Competitors Owners/shareholders Government Employees Lenders Suppliers.
A Dealing with Dollar $ workshop Financial Choices and Options.
Mission Our Mission is to provide our campus and community with the best college dining experience possible, while using as much local food on our campus.
By: Harli Kilgore.  Athletes put so much time into sports how are they suppose to get a job?
Many thanks Jack Sheppard Current Manager..  The job that you are currently applying for requires time and effort, as what we are looking for is two.
Miss Smith 7 th Grade Civics *pgs  If wages aren’t increasing with inflation, workers must lower their standard of living  If consumers spend.
THE COLD WAR A Look at Europe after World War II Ended.
Real World Money Education Tarek Dabbagh Steven Carlson
1 Chapter 10 Practice Quiz Tutorial Labor Markets and Income Distribution ©2004 South-Western.
By: Taheerah Santiago. In 1953 Bob Butler started a donut shop called Danny’s in California. By 1956 there were 20 other shops in this chain, and the.
SECTION 4.  US ECONOMY GREW RAPIDLY IN THE 1920s  HIGH PRODUCTION LARGE COMPANY PROFITS = STOCK PRICES ROSE AS A RESULT  WHAT IS A STOCK??????????
PACS 3700/ COMM 3700 Labor Management Case Exercise.
LLLLLLLeeeeeeeeettttteerssssss. Read the definition and then put the letters in the correct order in order to find the word defined.
The Industrial Revolution. What was the Industrial Revolution? Period of time when machines start to replace work that had been done by people. Steam.
DIVIDEDBRITAINDIVIDEDBRITAINDIVIDEDBRITAINDIVIDEDBRITAIN Is There A Growing Division Between The Regions of Britain? Thomas and Jonathan Alleynes High.
Chapter 1 Section 1.  This industry has annual sales of over $550 billion dollars  There are more than 945,000 restaurants in the United States  This.
Is Globalisation good or bad? Think about how globalisation affects you and your family. Do you think it is a good or bad process (or somewhere in between)?
Intro To Business.  Formal – an organization that produces or sells goods or services to satisfy the needs, wants, and demands of consumers for the purpose.
MADISON’S PITTSBURGH SPORTS BAR INFORMATIONAL PRESENTATION At The Pittsburgh Sports Bar we want to deliver a perfect location for fans of Pittsburgh-area.
Demand, Supply, and Prices
Minimum Wage Should Not Be Raised Presented by Chamber Of Commerce Sara Clarke Dinko I. Darek E. Jabir Ahmed.
Getting Paid For Your Work
Unit 5: The Resource Market
MINIMUM WAGE A SHORT INTRODUCTION. WHAT IS THE MINIMUM WAGE IN CALIFORNIA? Although there are some exceptions, almost all employees in California must.
Why Minimum Wage Should Be Raised Alex Tottle. Background Minimum wage laws were first instituted in 1938 by the US Department of Labor to create a limit.
Finance for.... Fixed assets 1.Retained profit 2.Share capital 3.Bank loan 4.Hire purchase 5.Leasing Working Capital [to help cash flow] 1.Trade credit.
Technical Math class  Status Quo  Schmidt’s Motives ◦ Worker Wages – $7.00 per hour  Profit Margin ◦ 35% profit  Volunteering and Community.
The Economy and You Economics' Starting Points: Wants and Needs.
The Economy of the 1920’s Chapter 14, Section 3. Setting the Scene: What were three reasons Americans were optimistic in the early 1920’s? 1.Medical advances.
By: Sulayka Silva.  Is called the father of corporate management.  He recognized the role of the worker in corporate success.  He considered the knowledge.
 1. Bell Ringer: For each category (1-4), tell me whether Mall 1 or Mall 2 would be better. 2. Video Questions : You will watch 3 video clips that explain.
Raising Idaho’s Minimum Wage Harms Idaho’s Teenagers & Small Businesses.
Budgets and Businesses Workshop. Budget: is a plan that shows income, spending and saving. Income: Spending: Saving:
The impact of Government and the EU on business Unit 23.
FAIRTRADE TEXTILESFAIRTRADE TEXTILES BY EMILY SIDDALL AND LEAH HASLAM.
Section 7 - Prospects for the town of Bowton. Lesson objectives To be able to discuss how business might be affected by changes in the level of government.
Best Fast Food French Fries?. Fry facts
People in Business Trade Unions. By the end if the lesson you will…  Be able to explain what a Trade Union is and can affect workers, customers, the.
Causes of Disequilibrium. 1. What is disequilibrium? Disequilibrium happens when the actual price is above or below the equilibrium price. When the price.
To understand what is meant by the term stakeholder
Notes Over 3.6 Solve the equation..
Brooke Porter & Kristina Vann
Low Paid Jobs By Darren and Ryan.
The crisis of low-wage jobs and a solution for Cook County
Presentation transcript:

Jake Plonka

 There are many dominant food service programs around the world.  Some big names are Compass, Sodexo, and Aramak. Based in the UK, Paris, and Philadelphia, respectively.  These companies cater food in places such as colleges, sporting events, and concerts.

 These programs have problems such as overcharging customers, underpaying employees, and just a bad overall management of their profits.

 These companies have a huge problem with overcharging customers. They give a small portion of food, but jack the price up to the roof. This is a huge problem for customers because they aren’t getting what they paid for.

 If a student were to buy breakfast, brunch, and dinner with credit at UB’s dining center, they would end up spending $ This is obviously a huge problem for a college student.  Taken from UB dining website*

 Employees are constantly underpaid in food service programs. The work is done in these kitchens requires more cash then a minimum wage job at a fast food restaurant.

 The average food service worker is making eight to eleven dollars.  The highest paid food service employees are making just above what is considered the “poverty line”.  All other food service employees are below the poverty line.

 These companies are terrible with managing their money. All of the money is kept by the higher-ups, while the workers are underpaid and the consideration of customer satisfaction is suffering.

 The world’s leading food service company, Compass, brings in 20.3 billion dollars per year, just short of McDonalds profits (22.7 billion).  After paying employees, this company would still have around 12 billion dollars left. What is this money going to?

 Some of this surplus cash will obviously go to the higher ranked members of the company, and some so the company can make a surplus.  However this would still leave money over. It would be helpful for colleges and sporting stadiums to be able to keep this money and put it back into the establishments. For instance, UB could use the student and faculty money from the food service department in order to improve dining space in the Student Union.

 Food service departments need to reconsider how they spend their money.  Pay employees more money.  Improve the quality and portion sizes of their food.  Give money back to the customers, i.e. improved seating in colleges/stadiums.  Keep the rest of the money in order to have a company surplus.

 If you find this also to be a problem, you can find the director of food services at your campus.  This would be a different director for each restaurant.  UB Examples:  Taken from UB dining website*

 “Dining Centers.” Myubcard. University at Buffalo. UB campus dining and shops. Web  “Campus Dining: Issues and Opportunities.” Unite Here. Web. 2013