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Who is this voice on my voice mail? Where did this text message come from? Whose pithy e-mail piqued my interest? Just who in the world wide web of work is Ken Loyd?

Executive recruiter, headhunter, peddler of people and Prophet of Profit. I place middle & senior level executives in the restaurant and retail industries.

Learn more - watch the video here.

Everyday I wear my heart on my sleeve living up to my title of "Chief Listener." You'll also find a few medals on my chest for accountability, creativity, tech savvy and fun.

You can learn more about my road less traveled on the HYPE page. Got FAQ's? Visit the WITNESS link for a few answers. Care to pick my brain? There's not much left but you'll get a sample of my attitude on the RANTS page. Need work? You can read about what I'm working on by visiting GIGS.

Mine is a business of relationships built on knowledge, compelling appeal and the trust found in confidentiality.

When you're looking for people or a place to work, I'm the first call you need to make.

 

What's the buzz with the latest $20/hour minimum wage now in effect in California?

What I've seen & heard so far is closures of mediocre locations that didn't have the volume to absorb the labor costs.

Franchisees with multiple locations are reducing payroll by terminated multi-unit managers and/or their VP bosses. Corporate locations are likely experiencing a consolidation and increasing store counts of DM's & RM's.

Single unit one off Mom & Pops are scrambling to keep up - they have to compete for the same talent. Everyone is increasing prices, some by as much as 25%

But wait...there's good news too.

Operators are finding a higher caliber talent pool applying for hourly positions. I didn't expect to see candidates from retailers in clothing, hard goods or similar concepts. An extra $7/hour makes a difference.

Now the big challenge for operations remains -- can they make a difference with a higher caliber talent pool?

Time will tell and it's not long before other states raise their minimum wage too.

 

 

 

 

 

 

 

 

 

 

 

 

 
 


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