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Study- Human Resource Management Practices

   

Added on  2020-03-16

10 Pages2836 Words78 Views
BUSINESS RESEARCH METHODOLOGY1

TABLE OF CONTENTSBackground to the research problem...............................................................................................3Proposed aim and objective.............................................................................................................3Aim..............................................................................................................................................3Objectives....................................................................................................................................3Literature review..............................................................................................................................4The significance of human resources management practices......................................................4The key factors that increase rate of staff turnover.....................................................................5Consequences of high employee turnover rate............................................................................6Proposed methodology....................................................................................................................6Research design...........................................................................................................................6Data collection.............................................................................................................................7Data analysis technique...............................................................................................................7Ethical consideration...................................................................................................................7Limitations...................................................................................................................................7References........................................................................................................................................92

BACKGROUND TO THE RESEARCH PROBLEMIn the modern era, effective management of human resources is essential for growth andsuccess of organizations. Nowadays, employees are considered as the most significant and mostvaluable assets of an enterprise. It can be stated that skilled and talented personnel's directlysupported a business to gain a competitive advantage over other companies in the marketplaces. At present, the competition among firms operating in the hospitality industry has becomeso intense that it is no longer easy for hotels such as Hilton, Four Seasons, and InterContinental,etc. to attract new customers and retain the old ones[ CITATION Mow13 \l 1033 ]. To sustain inthe highly competitive marketplace, these businesses are required to emphasize on effectivemanagement of their human resources. Furthermore, effective and skilled employees canunderstand changing customer needs and demand in the best possible manner. Over the past few years, increasing rate of employee turnover has emerged as the mostsignificant issues for brands such as Hilton Hotel Sydney. The overall operations and function ofthe hotel are getting adversely affected because of the staff turnover. At the same time, thevolume of sales revenue and profits has also declined to a great extent[ CITATION Sto13 \l 1033]. The demand of talented and skilled workers in the hospitality industry of Australia is veryhigh. On the other side of this, the supply of human resources in the industry is not adequate. Itcan be stated, increasing staff turnover in such situation can be a severe issue for Hilton HotelSydney. The present study will outline the significance of effective human resource managementpractices in the modern era. In addition to this, this research will help in identification of the keyfactors which has increased the rate of staff turnover within Hilton Hotel Sydney. PROPOSED AIM AND OBJECTIVEAim “To identify the reasons behind increasing rate of staff turnover” – A study on HiltonHotel Sydney Objectives To analyse the importance of effective human resources management practices in thepresent scenario To determine the key factors that increases rate of staff turnover To recommend ways through which Hilton Hotel Sydney can reduce its staff turnover 3

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