Restaurant labor shortages are solved with Fourth’s smart workforce management technology

AUSTIN, TX-(BUSINESS WIRE)–Fourth, a leading provider of intelligent workforce and inventory management technology for the hospitality and retail industries, announced that its integrated applications increase staff satisfaction and improve retention by 36%.

HotSchedules, PeopleMatter and Fuego – all part of the Fourth Intelligence Platform – enable restaurant operators to combat labor shortages with solutions that attract and retain employees.

With Fourth’s end-to-end intelligence platform, restaurant operators can take the stress out of the hiring process, onboard optimal staffing, and enable employees to receive flexible pay.

“The average restaurant loses between 10-15% of the revenue it could earn if it had access to the staff needed to operate fully,” said Clinton Anderson, CEO of Fourth. “With the growing labor shortage, operators need to speed up the hiring process. Additionally, using earned income access to ease the financial strain on employees is a huge benefit to both the employee and the employer. Our integrated solutions enable operators to differentiate themselves and compete for talent in today’s challenging job market.”

This sentiment is echoed in a recent Visa report which states that 79% of employees would leave their current employer for one that offers access to an earned salary.

Fuego, Fourth’s same-day payment app, is the only payroll access solution fully integrated into a scheduling app, HotSchedules, and comes free to customers. This integrated functionality within HotSchedules results in unprecedented user adoption rates of up to 80%.

“Launching Fuego was seamless. We see the immediate benefits for our team members in all of our restaurants,” said Jeff Gabriel, vice president of strategy for 23 Restaurant Services. “Employees really enjoy having access to their paychecks almost instantly, and managers are happy to be able to offer this benefit to retain the talent they’ve worked so hard to hire.” It really is a win-win for everyone.”

Fuego allows employees to set and track financial goals within the app. Additionally, team members can sign up for a Fuego Visa® Card, an important benefit for those who may not have a traditional banking relationship.

The Fuego card is also available as a payroll deposit option for customers of PeopleMatter, Fourth’s applicant tracking and onboarding app.

To learn more about Fourth’s Intelligence Platform, please visit fourth.com.

About Fourth

When every hour of every shift counts, Fourth helps restaurants, retailers and hotels conquer the day with data-driven workforce and inventory technology. The fourth intelligence platform leverages more than 20 years of rich data and advanced analytics to deliver actionable insights and demand forecasting to optimize operations, maximize margins and empower employees. With a streamlined business powered by Fourth Intelligence, operators can operate with certainty and confidently conquer whatever comes their way every day. Headquartered in Austin, Texas, Fourth serves more than 15,000 customers in 100,000 locations worldwide. For more information, please visit fourth.com.

About the fourth Fuego Visa card

The Fuego Visa card is enabled through Fourth’s partnership with Central Payments and their Open*CP API Marketplace.

The Fuego Visa Card is issued by Central Bank of Kansas City, Member FDIC, under license from Visa USA, Inc. and can be used anywhere Visa debit cards are accepted. Certain fees, terms and conditions are associated with the approval, maintenance and use of the Card. You should consult your Cardholder Agreement and Fee Schedule at www.getfuego.com/legal. If you have any questions about the Card or such fees, terms and conditions, you may contact us toll-free 24/7/365 at 1-855-715-8518.

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