Global Perspective in Rewarding People

GLOBAL PERSPECTIVE IN
REWARDING PEOPLE

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
Environmental Forces that impact the sector...............................................................................3
Challenges faced by Travelodge regarding reward and Retention..............................................5
Recommendation to address environmental and reward challenges...........................................7
CONCLUSION................................................................................................................................8
REFERENCES..............................................................................................................................10

INTRODUCTION
Reward is something which is given to employees in monetary and non monetary form to
appreciate their performance and work for the organisation. Reward is an important part of
human resource management when it comes to motivate people. This report will discuss
environmental factors and challenges which are faced by the organisation regarding reward and
retention of the people. The company chosen for discussion is Travelodge Hotels Limited
founded in 1985 and headquartered at Thame, England, UK. This is a private company in the
hospitality industry operating in UK. It is largest independent company in UK with 570 hotels in
UK.
MAIN BODY
Environmental Forces that impact the sector
Business and organisational sectors get affected from various forces and so does
Travelodge (Kara, 2018). Impact of these forces on organisation is both positive and negative
and this is why timely analysis helps company in identifying the opportunities and threats from
which company need to safeguard it or take advantage of. These environmental forces are-
Political
Business organisations get significantly affected from this force and so does Travelodge. This
force includes impact of various regulations which are made by government of UK regarding
operations of the Travelodge. This includes tourism industry and independent tourism allowed in
a country. Infrastructure development in a country which attract tourists and other than this some
of the factors is security in a country and policies which are beneficial for the hotel industry.
Some of the factors required to paid attention by the government so that growth of tourism
industry will help in growth of hotel industry.
Economic
Economic forces are recession and inflation and other economic fallouts which reduce the travel
of the people and this affect the profitability and operations of the hotel (Arif and Hossin, 2016).