Emerging Challenges of Hrm

Only available on StudyMode
  • Download(s) : 89
  • Published : March 19, 2011
Open Document
Text Preview
IHM-A

Human Resource Management Assignment

Table of Content
INTRODUCTION ........................................................................................................ 3 Human Resources in Hotels .......................................................................................... 4 The Phenomena of Growth ........................................................................................... 5 Human Resource Management...................................................................................... 8 Function of a Human Resource Management ................................................................ 9 Career plateau ............................................................................................................ 12 Professional Plateau ................................................................................................... 13 Situation of the Hospitality sector in India ................................................................. 14 Situation of the Hospitality sector in Ireland............................................................... 20 Situation of the Hospitality sector in Australia ........................................................... 22 Attrition: The biggest threat to the growth of the Hotel Industry ................................. 27 Finding the right talent for the hotel industry.............................................................. 28 Retaining the talent .................................................................................................... 29 Roots of Attrition Vary By Job Level and Industry ..................................................... 30 Factors Affecting Attrition ......................................................................................... 31 The Cost of one Person leaving the company (Cost Of Attrition) ................................ 35 Occupational Stress in the Hotels ............................................................................... 40 Ways to Decrease Employee Attrition by Harnessing the Power of Motivation............ 43 Management Control System (MCS): To control Attrition in a company ..................... 47 The Balanced Scorecard ............................................................................................. 51 Herzberg’s Theory of Motivators and Hygiene Factors ............................................... 51

Year-III

Clifton. A (H-1314)

IHM-A

Human Resource Management Assignment

Rewards Both Extrinsic and Intrinsic can affect Retention in an organization ............. 53 The Legalities ............................................................................................................ 54 Benefits Provided by Hotel companies ....................................................................... 56 CONCLUSION .......................................................................................................... 60 BIBLIOGRAPY ......................................................................................................... 63

Year-III

Clifton. A (H-1314)

IHM-A INTRODUCTION

Human Resource Management Assignment

“Show me the money, show me respect and show me attention … or show me the door” This is how most employees in the hospitality sector now a days view their relationship between the company and their job. Theory states that: in the earlier times people used to work according to the rising and setting of the sun. If companies expect their employees to work in a similar fashion then the way companies’ attempts to manage their talent would be lost in no time. If the company doesn’t pay attention to the absolute resource that it has- which are its employees then the company might as well lose their edge in being a success story! The peculiar case which distinguishes the hotel industry with the other businesses is that the duration and working scenario is very different from that of other companies....
tracking img