PRESENTED BY: UDAY VEER (61E) UDIT BHATIA(62E) VIKARNT YADAV(64E) VINITA RAO(65E) VIVEK SIROHI(66E) ZUBINA BANO(67E)
INTRODUCTION
Hospitality Management
Attrition
Attrition Trend
Organizations face high attrition rates upto 20-30% despite the government restrictions on workforce movement Among sectors, healthcare and retail saw the biggest staff expansions while hospitality had the least growth High demand of countries hospitality professionals in foreign
Comparisons
Revenue Comparison
CAUSES
Inequality in salaries Competitive labor market and limited professionals results in workforce mobility supply of
The constant churn in staff inevitably means a huge monetary drain and in turn huge training costs Poor match between the person and the job
Causes (Contd.)
Poor fit with the organizational climate and culture Poor alignment between pay and performance Poor connections between the individual, their coworkers, and the supervisor Poor opportunities for growth and advancement
OPPORTUNITY
Analysis
Clearly, the situation is like a weed growing along and necessary to be removed at the earliest The continuity of such a situation could be drastic for any industry anywhere in the world This industry especially at this geographic location contributes much to the countrys GDP Necessary measures to counter this are the need of the hour
Recommended Solutions
Identify and weed out poor managers Hold managers accountable for turnover Create a positive work environment Avoid discrimination among employees Make people feel appreciated
Stricter norms against mobility to be followed Measure attitudes of the workforce Provide learning opportunities Provide proper incentives and secured workplace
THANK YOU