The Hospitality Business Toolkit

The Hospitality Business
Toolkit

Table of Contents
The Hospitality Business Toolkit....................................................................................................1
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
Journal entries..............................................................................................................................1
Issues related to talent acquisition and Retention within hospitality sector..............................11
HR Life Cycle............................................................................................................................12
Evaluation of Stages of HR Life Cycle and Importance of HR in that Stages..........................13
Performance Management Plan.................................................................................................14
Recommendations to improve process and documents at all stages of HR Life Cycle............15
Regulation, Legislations and Standards and their impact on decision making of the
organisation................................................................................................................................16
Importance of Communication and coordination in Value Chain.............................................17
CONCLUSION..............................................................................................................................18
REFERENCES..............................................................................................................................20

INTRODUCTION
This report includes accounting measures in terms of monitoring financial performance
of the Hilton Hotel. This is important as financial success is most important indicator of success
of the organisation. Later in this report various functions which are covered by HR of the
organisation have been included. This includes functions like talent management and retention of
employees. Stages of HR cycle and their evaluation have also been included in this report. This
report includes performance development plan for the role of business development manager.
This has been followed by regulations and legislation which are required to follow by
HiltonHotel. Lastly importance of communication and coordination in HR department of the
organisation has been discussed in this report. These all have been discussed in context of Hilton
Hotel. This is a hotel which has been founded in 1919 and is headquartered at Tysons Corner,
Virginia, United States. This hotel serves at around 5757 locations in the world and employs
more than 160000 employees all over the globe.
MAIN BODY
Journal entries
1

2

Property a/c
3

Sales a\c
4