It's the economy, stupid! (Finance-related news)

[Andalusian girls]

please learn a little bit

this is an extraordinary request to make of a leftist in an economics discussion

[archibaldcrane]

this is an extraordinary request to make of a leftist in an economics discussion

AG, I'm going to let you in on a little secret

Spoiler: show

I'm a leftist

[Andalusian girls]

i stand by it

[TummieGaruda]

The biggest struggle with Hut atm is stupid company policy. They decided a couple years ago to change the internal metric of "on time" from under 39min, to under 30min. Then they started putting the on time % as a pass/fail on internal inspections. So the only way to possibly hit this in any busier store is to just have a bunch of extra drivers sitting around, because the time to make an order is:

Dead slow, fast cook = 10-12min
Medium business, fast cook = 14-17min
Rush time, fast cook = 19-23min

And good fucking luck if you don't have a fast cook, which we won't pay anyone above minimum wage to do.

So during any rush, with basically any cook, you need every delivery to be tossed into a bag and delivered in under 10min. Not too difficulty for most places if the driver knows the area, but sadly a bunch of GPS warriors exist in the profession, and then you have shitty markings on apartments and the sort, and sub10 becomes hard to do.

The thing is that the on time metric is entirely set by big Pizza Hut corporate, but the franchises are who has to follow them. And they just upped it to need to be over 75% on time, which is under 30min now. Which is just absurd to try. My store, one of two delivery Huts in a 60k~ pop town, and the delivery store by far closer than any other pizza place to at least 5 different neighborhoods of hundreds of homes each, had to cut our delivery area when they first changed this on time metric. By my calculations we cut out about 1/3 of our deliveries, and we sure as fuck didn't get it back from repeat customers cause we were "faster" to them. And since this metric is getting pushed harder, even during this pandemic we can't just add our old area back and go back to serving thousands more customers.

So don't let them cry about labor costs and shit, Pizza Hut has fucked itself on their own policies.

Those metrics are such bullshit and it does nothing but screw the company over. I worked for a fast food chicken chain well over a decade ago and they implemented something similar, but for the drive thru. Wendy's was killing it on drive thru speed and so to compete, the cooperation pushed all chains to have timers installed at both the order speaker and the window. For the speaker, we were timed the moment the car landed on the sensor and we'd have 45 seconds to take and their order. Once they got to the window we were given 60 seconds to perform the transaction, hand them their food, and send them on their way. We had to achieve 70% on orders at the speaker at 75% window time for our internal reviews and we had a large LED display that showed us our performance. It was the most ridiculous and dumbest shit I had ever witnessed because they were asking for the impossible.

Most of the time when people get to the speaker, they don't know what they want and so they spend time looking at the menu or asking people in the car what their order is. This was the hardest metric to complete and we would often do the "anything else" response to try to get them to hurry. It was pretty shitty from a customer service standpoint but our managers kept pushing us. Then when customers got to the window, they often would fiddle around with their wallets, purses, etc to get their cash or credit cards. This is why a lot of fast food places like McDonalds will park you while they continue to make your food as we often did the same thing. At one point our store got in trouble for parking a customer that happened to be a secret shopper so from then on out we just said fuck it and cheated the system by having employees late at night go thru the drive thru multiple times to boost our numbers.

[Salodin]

Omfg my biggest drive thru pet peeve is pulling up to the window, saying I need a moment, and no lie 3 seconds later its "what can I get you?"

Like bitch I just said give me a moment i don't give a flying fuck about your numbers dont rush me

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[Fondue]

. Dudes acting like, first off, 100k in loan forgiveness per employee is nbd. Nevermind nonpayroll expenses can be forgiven too.

Lmao I wish

[Fondue]

Giving companies 24 weeks to spend the money guarantees none of it is getting paid back though

I didn't see that coming

[Salodin]

Let's revisit this when 6 months + random extensions are up and we see what repayments look like, after foia are needed to pry them out of this admins hands

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[Fondue]

There is going to be almost no repayments, it was literally free money

[6souls]

https://apnews.com/b8ec22960abe7615cba23c07f577baef

United Airlines to lay off 36k. It's nearly 50% of their total staff.

[archibaldcrane]

https://apnews.com/b8ec22960abe7615cba23c07f577baef

United Airlines to lay off 36k. It's nearly 50% of their total staff.

This is a good outcome to Salodin

[Salodin]

Congress is absolutely capable of saving the airline industry with bailouts but theyre too busy passing sba loans that businesses like archis can't even take advantage of

Really great outcomes on the horizon lemme tell you

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[Day]

congress capable of something

lol

[Fondue]

saladin flailing wildly today

[Day]

just bail em out bro, just cut a check, while complaining about that very thing

[6souls]

saladin flailing wildly today

Well, he had to deal with all of those whiny guardians in Iron Banana last week. Give him some slack.

[Day]

one cool thing about bailing out the airlines is we could watch the CEOs jump out of airplanes with literal golden parachutes, would be kinda sick

[Mayareira]

Brooks Brothers filed for bankruptcy.

I really like their classic style and non-iron shirts. Hopefully they'll survive.

[Zealot]

this is an extraordinary request to make of a leftist in an economics discussion

By God, the only way to run an economy is to funnel as much wealth to the richest people as possible, overheat the market until everything crashes, bail out the biggest companies so they can crush or absorb any competition that couldn't weather the fall, and then repeat.

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[Andalusian girls]

extra ordinary