NEW
YORK, June 24, 2024 /PRNewswire/ -- Salt Labs,
creator of the first employee rewards and incentives platform
offering an ownership asset to frontline employees, is pleased to
announce its partnership with Landmark Hospitality. Landmark owns
and operates an extensive portfolio of distinctive venues, boutique
hotels and renowned restaurants throughout New Jersey and Pennsylvania.
The restaurant and hospitality industry faces significant
challenges, with turnover and absenteeism rates as high as 76%.
Landmark has always recognized these trends and strived to do
better by prioritizing employee experience. As a result, this
strategy has led to exceptional guest experiences and better
business outcomes. According to Landmark's SVP of Service &
Training, Thomas McAteer, Landmark
partnered with Salt to continue to be an employer of choice,
allowing its employees to earn an asset of lasting value and
providing additional motivation for its workforce ahead of
Landmark's busy summer season.
Landmark refers to their frontline workers as "Memorymakers,"
and as McAteer shared, there was immediate alignment between how
Salt allows employees to build something of value for their future
and set goals to realize future memories from their work today.
"Our Memorymakers are the heart and soul of our business.
They're the cooks, hostesses, bartenders, and waitstaff in the
trenches, creating memorable experiences for our guests," McAteer
said. "We believe that Salt will be a powerful tool to help our
team stay motivated, especially during our busy periods. We
anticipate that 1 in 3 employees will pick up an extra shift during
the busy season because they can earn Salt, in addition to their
paycheck. This allows them to work toward their own memories."
Landmark employees earn one Salt for each hour they work. Over
time, employees accumulate a balance and set goals to save for
items they choose, such as a college savings fund or stocks they've
always wanted to own. They can also exchange their Salt for an
unforgettable experience like a family trip. This autonomous
experience enables employees to save for the future, stay
motivated, become future-focused and connect their day-to-day work
with personal and positive outcomes.
"We are thrilled to partner with Landmark, an innovator in the
restaurant and hospitality space," said Jason Lee, founder and CEO of Salt Labs.
"Landmark understands the importance of prioritizing the employee
experience to drive a memorable guest experience. By allowing
employees to earn Salt, Landmark truly empowers them to enjoy the
long-term benefits of their work efforts today."
If you want to learn more about partnering with Salt Labs,
please email partnerships@saltlabs.com.
About Salt Labs
Salt Labs offers an employee rewards
and incentives platform for frontline workers built to capture the
value of work beyond the hourly wage. Its mission is to build
long-term employee wealth through a first-of-its-kind earned
loyalty asset that leads to higher retention and productivity.
Salt Labs was founded in late 2022 by a team that includes
repeat founders Jason Lee and
Rob Law, who founded DailyPay, a
$2B HR and FinTech company.
CONTACT: Jamie McDougall,
jaime.mcdougall@saltlabs.com
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SOURCE Salt Labs, Inc.