TABLE OF CONTENTS INTRODUCTION...............................................................................................................................3 MAIN BODY.......................................................................................................................................3 LO 1......................................................................................................................................................3 P:1 Trends that influence HR strategy in tour and travels -........................................................3 P:2 Internal and External Influences on Human Resources strategies-......................................5 LO 2......................................................................................................................................................7 P:3 Theories and concept of Strategy Human Resource Management......................................7 LO 3......................................................................................................................................................8 P:4 Change management model support HR Strategy.................................................................8 LO 4....................................................................................................................................................10 P:5 HR strategy outcomes can be Monitoring and measuring..................................................10 P:6 Sustainable performance and growth to accomplish the objective of the travel industry.11 CONCLUSION..................................................................................................................................12 REFERENCES..................................................................................................................................13
INTRODUCTION Strategic management of human capital is the strategic management of persons at their desired benefit. It is designed to help organizations fulfill their workers' needs better while promoting company goals. The study is about the “Indus Tours and Travel Industry”, which started operations in 2001. Indus Travels is dedicated to offering personalized tours to India, Nepal, Sri Lanka, Maldives, Turkey, Egypt, Jordan, and Dubai, Peru with the best in both quality and value. This business focuses on designing tours that offer the fascinating complexity of culture and climate to travelers (Ganie and Dar., 2020).At unbeatable rates and with unprecedented convenience, the industry aims to deliver these tours. As this report introduced the current trends and development, external and internal factors that influence the HR strategy of travel industry. Furthermore, evaluate some theories and concept of strategy HRM, change management models for the growth and development of the industry. This study also examines the monitoring and measurement of the employee performance by the HR and evaluates the sustainability of the performance to accomplish the goal of the firm. MAIN BODY LO 1 P:1 Trends that influence HR strategy in tour and travels - Technology is a core component of the tourism and travel industry, helping Indus travels with day-to-day tasks, while also enhancing the customer experience. It is critical that hotels, airlines, restaurants and other businesses keep up with the latest technological developments in the travel industry for this reason. In the era of COVID, this is particularly important, with consumer preferences changing (Matović and Đurković., 2020). The latest things and innovations that influence the HR methodology of the association are portrayed. These trends and development steps take the association’s one step ahead of traditional authoritative cycles and set up and make them industry leaders in a superior way to lead the association. 1.Artificialintelligence-For the Industourism industry,artificialintelligenceis becoming ever more relevant. In the marketing of the Indus tourism industry, machine learning technology is now deeply embedded, with AI helping to personalize the experience of discovering and booking tours and trips. Everywhere, from customer service to defense, artificial intelligence finds applications. Future developments for AI tourism to look out for self-driving cars and tourism virtual guides. 2.Recognition Technology- Technology of recognition is one of those increasingly significant developments in Indus travel and tourism that are beginning to creep into a multitude of different areas. A bank of automatic gates at some borders is one of the most familiar applications of recognition technology for a frequent traveler. In the Indus Travel and tourism industry, recognition technology is also one of the major
tourism trends, with voice recognition becoming increasingly common as a method of control in smart hotel rooms. 3.Innovation progression- HRM activities are facilitated by mechanical progression and enhancement of the mechanized structures to make the works simple and modern (Saha., 2020). These frameworks help a lot to preserve data protection (secrecy) and create a superior method for managing data in the Indus tours and travel industry. 4.Ceaseless improvement programs- The Indus tour and travel is shifting its method of operation to the customer and requires more staff to take on achievement in hiring quality employees, managing paper and addressing the interest of traveling customers. HRM empowers members to ensure continuous change of their own and professional lives, which is necessary for switching and adjusting to new circumstances. All the cycle requires is to collaborate with transparent and large exchanges to incorporate the planned improvements and to meet the representatives' needs. The Accelerating HR Strategies by Indus Tour and Travel for new Trends- Business Plan- including growth strategy for UK & international markets. Building the leadership team- recruiting key senior management with the expertise required. Leadership development- executive coaching and mentoring to develop leadership skills of the other owners and other Board members. Recruiting key staff & integrating into Indus travel culture (Zhou., 2019). Building a great culture that people want to work in & stay with Indus tour and travel industry. Raising growth finance with banks. Immediate financial controls, budgeting & robust processes in operations & HR. Differentiating on premium quality & price, & loyal customer base. P:2 Internal and External Influences on Human Resources strategies- The goals set by the administration for their HR approach are influenced by a number of internal and external components. Internal Factors- 1.Corporate goals -A cost minimization target, for example, brings in the need for redundancies, delay or other reconstruction.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
2.Operational methodologies -The Indus tour and travel industry is introducing new technology so that they can attract more tourists towards their business (Walker, Brown-Liburd and Lewis., 2019). For instance, presenting new IT or different structures and cycles may involve the planning of new employees, fewer employees and proper management of workflows. 3.Promoting procedures-As the Indus tour and travel industry with various platforms promote themselves and update the tourist towards their business. For example, new item enhancement, new tourist plans are made, and improvements to authoritative construction and enrollment in another outreach community could be required to be divided into another sector. External Factors- 1.Market changes-For Instance, a deficiency of piece of the overall tour and travel industrytoacontendermayrequireachangeindivisionaladministrationor occupation misfortunes to improve intensity 2.Social changes-For Example, the growing number of single-person households is increasing demand from employees for flexible working options. 3.Political & legal changes-For example, legislation on areas such as maximum working time and other employment rights impacts directly on workforce planning and remuneration Internal and External influence on HR strategies on Indus Tour and Travel Inspiration of the travelers comes from human brain research. It is the fulfillment shaping component. The variables of inspiration can be classified in inner and outer components. Internal factors stimulate, direct, and incorporate an individual's conduct and impact his choices for voyaging. 1.Inborn Motivation-For some individuals, the travel industry is a method of fulfilling their mental requirements, for example, voyaging, performing recreation exercises, investigating curiosity and abilities, self-articulation and confidence, inventiveness, rivalry, need for unwinding, and belongingness (Xu and et.al., 2017). The natural inspirations relate to guaranteeing one's capacities on various enthusiastic fronts. Inborn inspiration drives the vacationers to select the travel industry for theoretical rewards, for example, fun, affirmation, and other feelings.
2.Mentalities of Tourist− Knowledge of an individual, spot, or article, Positive or negative sentiments about the equivalent. 3.Vacationer's Perception− by noticing, tuning in, or getting information, a traveler shapes the insight about a spot, individual, or an item. 4.Qualities or Beliefs −A vacationer accepts or values a particular method of lead which is adequate actually or socially. 5.Character of the Tourist −the nature and constitution of a vacationer assumes a significant part towards inspiration in the Indus tours and travel industry. 6.There areExternalthought processes in the Indus tours and travel industry that can impact sightseers and pull them to a specific inspiration and ensuing choice. 7.Outward Motivation− Here, a traveler gets propelled by outer factors, for example, cash and the need to feel skilled on the size of use and execution. 8.Spot of Origin−The prepping of the vacationer relies on the spot of its birthplace. For instance, for the Indian wedded ladies, the Indus travel industry may come toward the end in the rundown of special things they wish to do while for American women, the Indus travel industry would obtain a lot higher position (Farooq, Rupp and Farooq., 2017). 9.Family and Age− The family matters with regards to the construction and the pay. Today, the families with atomic design and twofold pay will in general settle on significant distance, excessive the Indus travel industry more than joint families or families with single acquiring part who are keen on visiting homegrown spots. The vacationers likewise have various inclinations of spots as per their age. For instance, vacationers in the age gathering of 5 to 45 years may appreciate visiting location in the USA, for example, Disneyland more than the senior residents. 10.Culture or Social Class− In such a scenario, the Indus travel industry offers the tourist a well-organized trip for various places to visit, tourists of societies favor better places, occasions and they employ the best travel industry so that they can enjoy the holidays.. LO 2 P:3 Theories and concept of Strategy Human Resource Management Strategic human resources management (SHRM) has greater dominance in terms of both theoretical and functional dimensions (Stachová and et.al., 2019). Not only in terms of
operationalandfunctionalapproach,thenewtheoriesofstrategichumanresources management are highlighted, but also the horizontal, vertical and external relation to the strategic management process and the functional processes, organizational practices and atmosphere of human resources are highlighted. The SHRM has four main theory which are as follows:- 1.Universalistic prospective- The research concerning the study of isolated human resource policies that are involved in tours and travel industry success is primarily part of this viewpoint. Empirical research is emphasized predominantly in terms of the HRM success relationship that contributes to a higher degree of statistical significance. On the contrary, main variables, relationships and constructs are not taken into account. Universalistic writers show the impact of policies such as an assessment on results in order to solve the problems of cost control of internal management and opportunism problems. 2.The contingency prospective- The need for a relation between success and the management of human resources is highlighted by this model. The level of study of contingency research is consistent with the work of universalism. Analysis is carried out on a single functional region and on classes (Al-Aliand et.al., 2017). In terms of the theory of social capital and the theory of transaction costs, the advancement of the contingency model has increased theoretical frameworks such as the Indus tours and travel industry have the ability & resource view and behavioral theory. As with the previous principle, the quantitative emphasis is distinct from deductive logic. 3.The Configurational prospective-In this, the management of human resources is characterized by a possible configuration obtained by integrating the element sets in different ways, thereby rendering it multidimensional. The researchers should follow management patterns that reflect various ideal possibilities in order to handle human capital.Whiletherelevanceofthecontingencymodelsisunderstoodbythe configurational model, the equifinal theory emphasizes the achievement of a similar business target by a combination of different policies for the effectiveness of the touring and travel industry, finding the better practices. 4.The contextual prospective-This theory is about a global and descriptive approach to different environments that includes the nuances of industrial and geographical contexts (Thakur and Mangla., 2019). The purpose is to the extension of the concept of SHRM to a complex explanation in order to highlight the accomplishments of the
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
business goal and its impact in the tours and travel industry and external context where decisions are taken. The significance of environmental influences, including the historically underrated variables such as labor union impact, public administration and institutional and social conditioning, is reconsidered as a result of the model extension. Since the SHRM theories of the Indus tours and travel industry differ from the organizational situation,thisindustryadoptsdifferentHumanResourcesManagementforTravel, Hospitality and Events (THE) that focuses on HR policies and procedures specific to the tourism and hospitality industries (Cameron and Green., 2019). Using the latest practice and theory of HRM helps to contextualize it to sectors focused on particular business job practices, such as operating in the airline industry or managing tour. LO 3 P:4 Change management model support HR Strategy In order to correct the weaknesses and misalignments within the organization, Change Managementcanbedefinedasthesystematicapproachtotransformingprocesses, procedures, frameworks, technologies and values. The models of change management are as follows- 1.Lewin's Change Management Model Established in the 1940s, because of its clear but efficient structure, Lewin's change managementmodelremainsimportant.Organizationalchangemanagementcanbe broken down into three smaller, more manageable steps, according to the namesake of the change model, Kurt Lewin: Unfreeze Change Refreeze Unfreezeis a preparatory stage that helps to break down the present status and recognize that change is inevitable for those who will be impacted by the transition (Galli., 2018). The key here is to point out why the present situation is wrong and should not continue. Change- The simplicity of time, as well as excellent communication, are used to introduce change during this step. Where the unfreeze process can be stressful,thetransitionphasetendstobeverystressful,butwith
encouragement and continuous contact, it goes forward regardless. Rumors are dispelled during this process, and everyone is encouraged to act. Finally, to "set in stone" the improvements that were introduced in the "Change" process, arefreezingphase must take place (Foster, Rodriguez- Marroyo and De Koning., 2017). To help anchor these changes so that they do not vanish or lapse into old ways, strategies are created. Successes are celebrated and there is ongoing contact and encouragement. 2.McKinsey 7 S Model- In order to perform well, the model focuses on seven fundamental elements that all organizations must possess. To see where improvement and realignment are required or to ensure mutual reinforcement of each element to maintain quality results, organizations should refer to these elements. The seven components are: This model seeks to help organizations ensure that certain key elements are aligned: Shared principles: an organization's core values Skills: The organization's major skills and competencies Staff: The features of all main activities, including demographics, attitude and schooling, Style: All job divisions 'action trends Strategy: The organization's ultimate intent and how it seeks to surpass competition Structure: The structural allocation of work within the group Systems: Specified resource allocation, calculation, and reward procedures For instance- This change management model is being embraced by the Indus tour and travel industry to change certain policies they follow at the time of travel. This 7S is used by the travel industry and creates a strategy to draw more visitors to them while using the skills and various styles or creating the plan, and other plans with a proper framework will be systematically planned so that the travel industry's workflow will be smooth. 3.Nudge Theory Prod Theory or Nudge is an idea that discovers use in conduct science, financial matters,andpoliticalhypothesisyetcanbeappliedtochangetheboardin associations. This hypothesis is for the most part credited to Cass R. Sustain and
Richard H. Thaler. Poking somebody or urging and rousing them to change is the essentialquintessenceofthishypothesis.Prodhypothesisisn'tjustusefulin investigating and understanding existing impacts yet in addition disclosing them to either dispose of them or change them to a degree where positives may start to be inferred. 4.ADKAR model ADKAR model or hypothesis of progress is an objective situated device or model which makes it workable for the different change supervisory crews to zero in on those means or exercises that are straightforwardly identified with the objectives it needs to reach to. The objectives, just as the outcomes determined and characterized utilizing this model, are combined and in a grouping. Coming up next are a portion of the things for which this model can be utilized: To give assistance and backing to workers to experience the cycle of progress or progressing while the change the executives is occurring. To analyze and treat the obstruction appeared by representatives towards change. To concoct a fruitful and productive arrangement for the expert just as close to home upgrades of workers during the change. LO 4 P:5 HR strategy outcomes can be Monitoring and measuring Monitoring is a continuous and systematic assessment of the implementation of the project based on the objectives set and the activities planned during the planning phases of the project beneficiaries' work and use of the inputs, infrastructure and services. It is important to regularly monitor the efficiency of the workforce planning solutions for the Indus tour and travel industry so that they implemented the plan and observe the impact of such plan they have been designed to address, and to continually improve solutions to maximize their efficiency (Ganiyu and et.al., 2020). As the strategic direction, supply of employees, and demand for workarounds change over time, strategies need to be updated accordingly this all would be monitored by an HR of the tour and travel industry or any company. While monitoring the activities of the Indus travel industry an HR must be consider Representative list for fulfillment which are as- Non-appearance rate
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Rate of worker profitability Normal administration length Steady rate of losses Conveyance evaluation of HR administration In addition, as an HR of any industry, they are responsible for taking care of management and improving employees' job performance while monitoring them and providing them with specific training when needed so that employees can develop their skills and increase the industry's profitability and reduce the rate of losses. The Indus tour and travel industry manage the things in such a way so that maximum tourist attract towards their facilities they are providing to them and conveyance them for more plans and trips. Human Resources (HR) are used to assess the importance and efficiency of HR programs, usually covering areas such as turnover, recruitment, human capital return, labor costs, and peremployeeexpenditure.StandardmeasurementsfortheassessmentofHRinterior productivity include: Profitability rate Cost-per-employ Normal time taken for opportunities to be filled Reviewing the coherence of HR As the HR of Indus tour and travel industry measures the employees' efficiency and the time they are taking to achieve the company's target, they also calculate the expense they are incurred on per employ and find the rate of profitability so that they came to know the real role they are in the marketplace. P:6 Sustainable performance and growth to accomplish the objective of the travel industry Thestudydemonstratesthattheimplementationofasustainableperformance management HR strategy combines a combination of organizational financial goals with positive human and social outcomes, all of which are important for achieving and sustaining superior long-term organizational performance(Jones, Hillier and Comfort., 2017).HR has a central role in the plan for sustainability, Study Finds. Content Page. According to a research study by the Society for Human Resource Management (SHRM) and two other organizations, human resource professionals should play an important role in developing and implementing
sustainability plans for their organizations. There are some tools which helps in sustainable performance and growth through HR management in Indus travel industry are as follows- By enhancing their environmental management and social responsibility, Indus travel helps companies and tourism destinations become more competitive. Using plain language and practical examples, Indus travel helps tourism organizations adopt the ideals of sustainable tourism in day-to-day operations and teaches them how to use sustainability in sales and marketing intelligently. The HR department is one of the key factors influencing the success of a travel company. Inside a travel company, travel agents will be involved with customers every day. For prices, they contact hotels and resorts and check the status of flights. So travel agents need the necessary items to store and track the details they need for software and schedule calendars (Cheah, Ho and Li., 2018).The HRDepartment is responsible for supplying the travel agents with the required facilities far as possible. Increase customer satisfaction by enhancing the sustainable performance of Indus travel and attracting new customers with 5-star and responsible itineraries. The sustainability of performance management is very important for any company so that the business or sector can progress towards growth and increase market share and retain their company's customers. In order to draw more tourists to their business, the Indus travel offers facilities and maximum tourists prefer the facilities provided by the industry and book tickets from the same. The tour operator of the Indus travel industry guides the tourist and in such a way that the tourist is satisfy with them and the services they offer them. The travel industry will thus gain benefit in the future and move towards the company's growth. CONCLUSION With the study of this report it can be concluded that the HR strategy influences by the current trends and developments in the Indus tour and travel industry so that they can improve the services they are providing to tourist and evaluate the internal and external factors of travel industry which influence the strategies of HR. Furthermore, using some theories and concept of strategy HRM the travel industry might differ the organizational structure and focus towards the policies and procedure for specific tourist and also determine the change management support HR strategy in application of travel industry. While the HR of Indus travel industry monitor the employee performance and measure the work for
accomplishing the objective of the industry and evaluate the sustainability of the performance management of travel industry so that the firm can move towards the growth.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
REFERENCES Books and journals- Ganie,S.A.andDar,M.A.,2020.Roleofhumanresourcesinthetourism industry.Turizam.24(2).pp.68-78. Saha, S., 2020. Human resource practices, problems & solution of tour & travel agency business. Zhou, Z., 2019. Strategic Analysis of the Contemporary Tour Operation Industry: Insights From Emerging Economic Jurisdictions. InHandbook of Research on International Travel Agency and Tour Operation Management(pp. 144- 165). IGI Global. Walker, K., Brown-Liburd, H. and Lewis, A., 2019.The emergence of data analytics in auditing: Perspectives from internal and external auditors through the lens of institutional theory. Xu, L and et.al., 2017. External influences on forming residents’ waste separation behaviour: Evidence from households in Hangzhou, China.Habitat International.63. pp.21-33. Farooq, O., Rupp, D.E. and Farooq, M., 2017. The multiple pathways through which internal andexternalcorporatesocialresponsibilityinfluenceorganizational identification and multifoci outcomes: The moderating role of cultural and social orientations.Academy of management journal.60(3). pp.954-985. Stachová, K and et.al., 2019. External partnerships in employee education and development as the key to facing industry 4.0 challenges.Sustainability.11 (2). p.345. Al-Ali,A.A.andet.al.,2017.Changemanagementthroughleadership:theroleof organizational culture.International Journal of Organizational Analysis. Thakur, V. and Mangla, S.K., 2019. Change management for sustainability: Evaluating the role of human, operational and technological factors in leading Indian firmsinhomeappliancessector.Journalofcleanerproduction.213. pp.847-862. Cameron, E. and Green, M., 2019.Making sense of change management: A complete guide to the models, tools and techniques of organizational change.
Galli, B.J., 2018. Change management models: A comparative analysis and concerns.IEEE Engineering Management Review.46(3). pp.124-132. Foster, C., Rodriguez-Marroyo, J.A. and De Koning, J.J., 2017. Monitoring training loads: thepast,thepresent,andthefuture.Internationaljournalofsports physiology and performance.12(s2). pp.S2-2. Ganiyu, I.O and et.al., 2020. Measuring the effectiveness of work–life balance strategies.SA Journal of Human Resource Management.18. p.10. Jones, P., Hillier, D. and Comfort, D., 2017. The sustainable development goals and the tourism and hospitality industry.Athens Journal of Tourism.4(1). pp.7-18. Cheah, S., Ho, Y.P. and Li, S., 2018. Business model innovation for sustainable performance in hospitality industries.Sustainability.10(11). p.3952. Matović, I.M. and Đurković, J.V., 2020, September. CONTEMPORARY TRENDS IN HUMANRESOURCEMANAGEMENTINTRAVELAGENCIES. InTISC-TourismInternationalScientificConferenceVrnjačka Banja(Vol. 5, No. 1, pp. 248-263).