The hospitality operator offering a $5,000 sign up bonus | 7NEWS

7NEWS Australia published this video item, entitled “The hospitality operator offering a $5,000 sign up bonus | 7NEWS” – below is their description.

Well, as major staff shortages hit Australia’s hospitality sector, one operator is offering a $5000 sign-up bonus for full-time workers. Sydney Restaurant Group needs to double its workforce by summer, in order to operate at full capacity. It’s an expensive exercise, but it could pay off for new staff. While wages are on the way up, new data shows they’re still failing to keep up with the rising cost of living, with inflation now at 6 point 1 per cent.

7NEWS Australia YouTube Channel

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About This Source - 7NEWS Australia

Seven News is the television news service of the Seven Network and, as of 2016, the highest-rating in Australia. The news service draws upon overseas channels for select international coverage. The network’s Director of News and Current Affairs is Craig McPherson.

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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