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Food Service Jobs Outlook Forecast For 2024. IFMA predicts that the real growth of the foodservice industry will remain modest as the economy continues to recover from pandemic levels. However, positives include pent up consumer demand and new revenue sources such as subscription plans, loyalty programmes and meal bundles. CBO projects that job growth will be more steady through 2024. However, most occupations that are projected to decrease have entry-level requirements below bachelor's degree.

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This means that consumers can spend more on dining out. This has proven beneficial to restaurant operators.

One major contributor to restaurant growth is an extremely low unemployment rate. This has led to high job vacancies in some segments, particularly casual-dining restaurant. However, IFMA predicts that the real growth of the foodservice industry will remain flat for this year and next.

Restaurants continue to face challenges with labor costs, especially given the difficulty of hiring qualified employees in the first half 2023. Thankfully, though, falling commodity input prices are helping ease some of these pressures.

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Over three-fourths (74%) of restaurant operators say that business conditions are returning to normal or have already returned. Brands must provide better experiences than they did during the COVID-19 Pandemic, or they risk losing consumer loyalty. For example, they should greet guests upon entering and give clear instructions on pickup/delivery. Restaurants will also need to continue investing in technology, such as point-of-sale systems and restaurant automation.

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Hotels and motels will experience limited employment growth due to labor market tension. High turnover rates and a lack of qualified candidates willing accept current wage levels are to blame. The demand is slowly returning. Room rates will increase over the next few years as operators try to recover revenue lost from the coronavirus outbreak.

Hotel managers should hire workers with strong customer service experience who possess strong employee morale. Furthermore, hotels are offering special deals and packages in order to attract new customers and boost overall hotel revenue, but these promotions may have negative repercussions for employee morale and satisfaction. To successfully hire new workers in hospitality work environments, they need to have a background in customer service.

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Although hotel demand is slowly recovering, many hotels are still facing staffing challenges due to unionized workers negotiating higher wages and benefits. Pension contributions also increase. Furthermore, traditional hotel rooms face competition from short-term rental sites that often offer more cost-effective accommodations.

The job prospects of hotel and motel clerks will improve slightly as the economy recovers. Desk clerks will be less needed as more hotels implement online booking systems and travel agents become proficient in using automated travel planning software. Individuals with an undergraduate degree as well as strong computer skills will likely enjoy greater employment prospects within this sector.

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Food processing refers to using techniques and equipment to transform raw ingredients, such as meat, grains, fruits, vegetables, dairy and other crops, into food products that are both appealing and marketable - long-lived and safe for human consumption - into marketable goods that also maintain consistent food supplies while decreasing waste. Food processing encompasses an expansive industry - from expert removal of toxic portions from fugu fish through grinding grain into flour or even turning corn into fuel ethanol production.

Food-related jobs make up the bulk of available jobs in this major sector, and their projected rate of growth should outpace other occupations. Food sales and service careers are projected to experience particularly fast expansion; followed by food preparation/serving workers. Other food processing activities include pasteurising/freezing food products while adding vitamins or minerals for an optimal result.

Demand for processed food is driven by several factors, including convenience and cost considerations, additives such as preservatives that could pose adverse health effects, and strong consumer preferences for fresh food compared with processed options; consequently, food processing jobs may experience less growth compared to their food service/retail counterparts which are expected to expand by around one percent real annually.

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As real output growth remains weak, job creation should wane in 2024 due to slow economic expansion. Leisure and hospitality (such as restaurants), transportation, financial activities manufacturing construction are projected to experience gains while education healthcare government social assistance are projected to experience declines; according to one forecasting analysis this would result in an average monthly loss of 330,000 jobs over the coming year compared with the 2.8 million new positions created between 2021-2022 by employers.

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Overall restaurant sales are expected to hit $997 billion by 2023 thanks to higher menu prices and rising pent-up demand. In-home food inflation may be outpacing the industry, resulting in consumers having less disposable income for meals out.

Operators continue to invest in technology to increase productivity and reduce labor costs to support their expansion. They also seek ways to attract millennials and broaden their business model - for example, suspending self-serve beverages at one chain and creating an exclusive prototype to go at another. Register today to secure your spot at the Outperform 2023 event, which will be held in Denver on May 22-24.