Global Perspective on Rewarding People

Global Perspective on
Rewarding People

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
The environmental forces that impact on the hospitality sector.............................................3
Challenges faced by intercontinental Hotels regarding rewards and retention......................6
Possible recommendations that would address both the environmental and reward challenges
along with Implementation plan.............................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Employee retention is a word and a process by which an organisation ensures that the
employees don't quit their jobs. Every different organisation has different policies for retaining
their employees also take various measures to do so. Employee Retention is a very important
phenomenon plays huge role in service sector organisations where human resource is the
foremost and the most important asset of the company. It is a phenomenon of the employee
chooses to stay in the company and don’t actively seek other job prospects. This essay is about
Intercontinental hotels the British multinational hospitality company also known as IHG. The
organisation Intercontinental hotels was founded in 2003 and headquartered in England UK. The
company search across 100 countries around the globe with their numerous hotels and best
quality services. The essay covers the environmental factors impacting the whole hospitality
sector. And in the next section the challenges which are faced by Intercontinental hotel regarding
rewards and retention are highlighted along with appropriate recommendation and
implementation plan.
MAIN BODY
The environmental forces that impact on the hospitality sector
Environmental factor
Environmental factors are also known as ecological factors Eco factor that influences the
life of organisms and nature. In case of organisations and business environmental factors are of
two types internal and external internal factors of business are its measure in its objectives and its
value system. The external environmental factor of business is its competitor’s economic factors
and technological factors. Basically environmental factor refers to the business surroundings in
which an organisation is operating (Aguilar, Wohlgemuth and Twardowski, 2018). The
environmental factor affects many different important aspects of business such as consumer
willingness to buy a product, the competitiveness of the organisation in a particular environment,
number of computers existing and new covers and many other. The impact of environmental
factors and their results on the organisation can be negative and positive. Hospitality industry is a
core industry to be discussed in the issues of environmental factor. The Environmental forces