Empowering Staff Streamlining Rewards, and Boosting Retention

Restaurant employees rely heavily on tips as a primary source of income, yet many struggle to build financial security. With Tenure, employees can choose to allocate a portion of their tips towards personal savings goals, creating a simple, effective way to build financial resilience over time. This feature helps employees manage immediate expenses while also developing a financial safety net, reducing the financial stress that can affect their job satisfaction and longevity. Tenure’s tip-saving feature empowers employees with flexibility and peace of mind, supporting both their short-term and long-term financial well-being.

Savings Challenges for Restaurant Workers: Nearly 40% of Americans would struggle to cover a $400 emergency expense (Federal Reserve, 2018). Tenure’s tip-saving option offers an accessible solution for building financial security.

In addition to tip allocation, Tenure’s savings rewards program provides employees with automated options—like round-up savings and cashback—to help them build financial security with minimal effort. By offering tools that encourage saving, Tenure empowers employees to reach their financial goals, creating higher job satisfaction and deeper loyalty within your team.

Financial Stress Impact: Financially stressed employees are twice as likely to seek new employment compared to those without such worries (PwC, 2019). Supporting financial wellness can directly impact retention.

Exceptional service deserves recognition. Imagine this: Emily, one of your top servers, goes above and beyond during a busy dinner rush. She takes care of every guest with warmth and efficiency, coordinates seamlessly with the kitchen, and even covers for a teammate in an emergency. With Tenure, you can instantly recognize her dedication by sending a one-time reward directly to her Tenure account, where she can allocate it toward her savings goal. Recognizing great work in real time encourages loyalty, boosts team morale, and inspires other employees to give their best.

Impact of Recognition: “82% of employees are happier when they’re recognized at work” (Workhuman, 2021). Regular recognition of effort and results contributes significantly to retention and morale.