Strategies to Reduce Employee Turnover at Paramount Hotel

This report analyzes the issue of high employee turnover at the Paramount Travel Hotel. It begins by highlighting the negative impacts of high turnover rates, including financial losses and decreased employee morale. The report then proposes several solutions, starting with improved hiring practices to ensure the right candidates are selected. It emphasizes the importance of employee engagement, suggesting initiatives like educational opportunities to boost knowledge and skills. Furthermore, the report stresses the need for recognizing and rewarding employee performance to boost motivation. Finally, the report suggests that the Paramount Hotel offers competitive compensation packages to retain talented employees. The report also touches upon the historical context of travel and tourism, highlighting how the industry has evolved over time.

In the early age, cultural aspects, learning languages and travelling challenges restricted (Capacci, Scorcu and Vici, 2015). In 14 century
Christopher Columbus sailed westward and vasco da gama cruised to country for earn money then business travel has been integral part of
tourism industry(Cave and Brown 2012).
Early tourism started with Nomads who travelled around the world in search of
food and shelter. Main intension of this traveller is to gathered food and traded around the world and gave rise to the barter system (Capacci,
Scorcu and Vici, 2015). 1500 BC is marked as the era when the Europeans visited pyramids and thus developed the tourism for pilgrimage. Early
tourism started with Nomads who travelled around the world in search of food and shelter. Main intension of this traveller is to gathered food
and traded around the world and gave rise to the barter system (Capacci, Scorcu and Vici, 2015). 1500 BC is marked as the era when the
Europeans visited pyramids and thus developed the tourism for pilgrimage.
4.1 Solutions towards work-based problems
Employee turnover tends to negatively impact the bottom-line of company and in this case high turnover rates are being experienced at the Paramount Travel Hotel. The impact of such turn
overrates is negative because to again train new employee and planning his salary will be another crucial task. And such high turn-over rates would be negatively impacting the morale
presenting the remaining employees. So, to assist the Paramount travel hotel, following steps could be adopted in order for reducing the turnover rates.
Hiring practices should be better
The authorities of Paramount hotel need to hire the right
category people right from the beginning. It is because of their
very-poor hiring practices, potentially right people do not get
hired (Brekelmans and et.al., 2016). So, hiring process should be
rather focussed upon the actual skills required for the job so that
most suitable candidate gets hired who could readily fit in the
work culture of the hotel.
Accomplishment recognition
The authorities at Paramount Hotel need to readily acknowledge the performance of those employees who are doing well. Praising of employees
should be done in front of their peers. Also, acknowledging the workers could be done sending them a mail thereby thanking for the hard-work
depicted in the workplace.
Reduction of the turnover rates would enable the employees and authorities at
Paramount to effectively deal with their customers thereby enhancing their
efficiency. The increased level of enthusiasm will allow the customers to be
happy by the service quality offered. Also, effective clearing of the queries
will make sure employees readily satisfy the needs and demands of customers.
Promoting the engagement
Lack of engagement among the employees makes them
bored and gradually have a loss of interest in their
associated work practices. Seeking out the participation of
employees should be the main motto. And additionally
educational facilities could also be provided to enhance
their knowledge base.
Adequately compensating
Consistent efforts have to be made in order
for retaining the most talented employees.
So, Paramount hotel needs to offer
compensation in competitive terms to reduce
the difficulty levels.