A CNBC report in late August reported the looming challenges that currently face the fast-food industry: high turnover rates. At Panera Bread, the employee turnover rate has reached 100%, a figure that is surprisingly low in comparison to industry estimates, which top 150%. A 2013 study by Cornell’s Rosemary Batt, a Professor in Human Resource Studies and International and Comparative Labor, estimated that businesses incur losses of approximately $1,600 per employee due to turnover. The rising minimum wage is also significantly impacting the fast-food industry, and forcing organizations to reconsider how they do business.