If you are a Hotelier, you may just noticed the downsizing of Human Resources in the many Departments of the Hotel. Commonly practising, is the natural attrition of resignations that never gets a replacement ...and more so to an enriched job descriptions or a multi- tasking roles. So is that a good news or bad news? yes and no.....
The economy is still gloomy and filled with uncertainties despite the many indicators showing a recovery and the rally in the equities really instilled some confidence back to investors and many of us. So is the Hotel business badly affected, if you asked a Hotelier, they probably will tell you, it is indeed badly affected. Most Hotels would have done a serious brainstorming sessions that churned and juiced out the last intelligence droplets for cost containment effort. It is indeed a wise strategies to adopt if the revenue is not taking the strides that it should. Everyone and every sections are buckling their belts a few notches up and hoping that the profit margin would looks better as a return to the owners. True enough that this exercise will put back a few percentages back to the bottom line and creates awareness that the Hotel is indeed in dire straits of getting the balancing act to juggle the revenue - overheads = profit or loss. We are amazed how the suppliers co-operates for an adamant-requested dip in their pricing and how the service contracts worked out with a reduced numbers and reaching compromises that helps one another to pass through the difficult times. That brilliant move has saves the Profit & loss statement a couple of percent less in overheads and a marginal increase in the bottom line.
Despite the economic recessions, I am really scratching my head now puzzling why there are still many Hoteliers tendering their resignations and some at worst without a job. Is that what we called a generation Y syndrome ? looking out for a "Lifestyle" ? Isn't that a clear indication of employment instability and a fearful "Last In First Out" system if the Hotel or company fails to perform at its optimum and ideal ? Well, we still have resignations rolling in and I assumed as part of the life cycle that one has to face and here comes the rat race action, recruitment process and the training & coaching cycles.... This probably resulted the birth of a department named Human Resources.... that supposedly function as such, I assumed....
We will explore what an employee would want in this era and what are their priorities in life and in career.
The economy is still gloomy and filled with uncertainties despite the many indicators showing a recovery and the rally in the equities really instilled some confidence back to investors and many of us. So is the Hotel business badly affected, if you asked a Hotelier, they probably will tell you, it is indeed badly affected. Most Hotels would have done a serious brainstorming sessions that churned and juiced out the last intelligence droplets for cost containment effort. It is indeed a wise strategies to adopt if the revenue is not taking the strides that it should. Everyone and every sections are buckling their belts a few notches up and hoping that the profit margin would looks better as a return to the owners. True enough that this exercise will put back a few percentages back to the bottom line and creates awareness that the Hotel is indeed in dire straits of getting the balancing act to juggle the revenue - overheads = profit or loss. We are amazed how the suppliers co-operates for an adamant-requested dip in their pricing and how the service contracts worked out with a reduced numbers and reaching compromises that helps one another to pass through the difficult times. That brilliant move has saves the Profit & loss statement a couple of percent less in overheads and a marginal increase in the bottom line.
Despite the economic recessions, I am really scratching my head now puzzling why there are still many Hoteliers tendering their resignations and some at worst without a job. Is that what we called a generation Y syndrome ? looking out for a "Lifestyle" ? Isn't that a clear indication of employment instability and a fearful "Last In First Out" system if the Hotel or company fails to perform at its optimum and ideal ? Well, we still have resignations rolling in and I assumed as part of the life cycle that one has to face and here comes the rat race action, recruitment process and the training & coaching cycles.... This probably resulted the birth of a department named Human Resources.... that supposedly function as such, I assumed....
We will explore what an employee would want in this era and what are their priorities in life and in career.
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