Popular Tip Basics May 3, 2024 5 min read

Stressed About Tip Pooling? There’s a Software for That 

TipHaus webinar background

Stressed About Tip Pooling? There’s a Software for That 

In our recent webinar TipHaus Insider: Unlocking the Secrets of Transparent and Most Efficient Tip Management, we learned that many operators across the US are still calculating their tips in spreadsheets. TipHaus is here to take that legal liability from manual tip calculations and the risk of hefty fines off your plate while saving you and your team hours and hours of time every single month.

Are you working, or have you ever worked somewhere where tip pooling was a common source of confusion and frustration? You’re not alone. Manually calculating tips, ensuring fair distribution, and dealing with disgruntled employees can be a major headache for managers and a source of stress for staff.

The Problem: Spreadsheets and Legal Nightmares

Relying on spreadsheets for tip calculations is a recipe for disaster. These manual processes are not only time-consuming and prone to errors, but they also lack proper auditability, which can lead to legal trouble and hefty fines down the road.

But what if there was a better way? Introducing TipHaus, a revolutionary software designed to automate tip pooling and distribution, taking the burden off everyone’s shoulders.

TipHaus Features:

  • Home Screen: Provides a real-time overview of tip data across all locations or a specific restaurant. Customizable dashboards allow users to focus on the most relevant metrics like sales per hour and job codes. 
  • Breakdown Page: This core feature resembles a spreadsheet and offers detailed insights into tip distribution. It tracks sales generated by each employee, worked hours, tip share sent/received, tip pool gross/net, and take-home pay.
  • Customizable Tip Logic: Allows restaurants to define their own rules for tip distribution based on factors like service charges, gratuity, and gift cards. The easy-to-use “time-of-sale” feature lets you create tip pools, set different tip shares for various staff roles, and even adjust the distribution logic for special events. This ensures your staff is compensated fairly and efficiently, eliminating confusion and saving you valuable time.

Empowering Employees with Earned Tip Access

Traditionally, restaurant employees wait until payday to access their earned tips. This can be a strain, especially for those who rely heavily on tips to make ends meet. TipHaus recognizes this challenge and offers an optional feature: Earned Tip Access.

This feature allows employees to access their tips daily. This can provide much-needed financial security and peace of mind. This translates to:

  • Real-Time Payouts: No more waiting for paychecks! TipHaus automatically calculates each employee’s share and facilitates daily direct deposits (within banking regulations).
  • Reduced Workload for All: Managers, accountants, HR, and employees all benefit. The streamlined system eliminates manual calculations, freeing up everyone’s valuable time.
  • Employee Choice & Transparency: Staff can opt-in to the program that best suits their needs, Hausmoney or HausDirect, ensuring transparency and giving them control over their payouts.

The Benefits Go Beyond Time-Saving

TipHaus isn’t just about efficiency; it’s about creating a happier, more productive work environment. Here are some of the additional advantages:

  • Improved Compliance: The software ensures accurate tip tracking and distribution, minimizing legal risks associated with improper tip handling.

“After switching to Tiphaus from Gratuity Solutions, I don’t have to verify anything manually. There is 0 room for error and no need for concerns about compliance with legal requirements. TipHaus is an operational dream for any multi-unit restaurant management.”  – Marty Hillis, Director of Operations, The Ram.

  • Increased Employee Satisfaction: Fair and transparent tip distribution fosters a sense of trust and reduces frustration among staff.

“We’ve experienced remarkable efficiency gains in managing our tip program. With TipHaus, our managers and team members save over 35 hours of manual labor per month at each location. This goes beyond streamlining operations. TipHaus has freed up our time by eliminating the need to secure cash for daily tip-outs, empowered us to boost team member retention through fair tip distribution and service charges, and reduced our compliance risks, cash handling costs, and labor expenses! – Jean-Pierre Mouren-Laurens, VP of Finance, Wood Ranch.

  • Boosted Retention: 

“TipHaus has revolutionized our operations, surpassing our previous cumbersome manual calculations and saving us around $1,200 in wages and fees each month since we enrolled. With precision down to the minute and time of sale, our roughly 100 tipped employees trust the system’s accuracy and love the tip transparency that Tiphaus provides them with. This has led to remarkable staff satisfaction on our teams. In the competitive NYC market, TipHaus is a rare gem, boosting our employee retention by nearly 30% across our 5 Grey Dog locations”  –  Johnny Condron, CTO, The Grey Dog.

Real-World Results: Happy Employees, Happy Businesses

Don’t just take our word for it. Businesses using TipHaus are experiencing significant benefits, including:

  • 30% Increase in Employee Retention: The Richard DeShantz Group saw a dramatic improvement in staff turnover after implementing TipHaus.
  • Reduced Labor Costs: Country Boy Brewing saved a staggering $4,000 per month in labor costs associated with manual tip calculations.
  • Saved Time Means Saved Money: Wood Ranch Restaurants reported saving over 630 hours of manual labor thanks to TipHaus’s automation.

Case studies show a direct link between streamlined tip management and increased employee retention. Learn more HERE

Stop Drowning in Tip Pooling Drama

TipHaus is a game-changer for businesses of all sizes, from cozy coffee shops to large restaurant chains. By automating tip calculations and distribution, it creates a win-win situation for both employers and employees.

Ready to ditch the spreadsheets and embrace a happier, more efficient workplace? Email us at sales@tiphaus.com to learn more. 

You can also now catch the recording featuring Kirk Grogan, COO of TipHaus HERE. 

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