Millennial employees are taking over the hospitality industry,How to build a 188bet game’s revenue management talent pool?

Big accommodation Author of this article: Xu Liyang 2017-02-02
For 188bet game,Not only must serve Millennial customers,Also provide them with appropriate career development plans,Due to the particularity of 188bet game,This may be a double challenge。

188bet game industry managers around the world have been working hard to build revenue management talent pools and meet the needs of these management talents。This is an expensive undertaking。According to Deloitte data,45% of 188bet game operating expenses and 33% of revenue are spent on talents,And because of the growing millennial workforce,The career of talent management has also become more challenging。

Then,How to understand better、Finding and retaining revenue 188bet game talent?The following three factors are worthy of consideration by hotels:

1. “Millennials” is no longer just a buzzword,But it is becoming the main labor force in 188bet game

Data shows that Millennials already account for one-third of the entire U.S. workforce,By 2020, it will account for more than half of the global workforce。These energetic young generations are not only familiar with the latest technology and craftsmanship,It will also bring a new look to 188bet game。

Also,Since the role of 188bet game revenue manager is usually filled by people aged 25-35 years old,So it can be expected that Millennials will soon become the main force in this position。

Therefore,We must work hard to understand their needs,Equipping the best talent to optimize revenue management in 188bet game。

When it comes to professional performance,Millennials are generally considered impatient,They want the work they do to be immediately reflected in 188bet game salary。But on the other hand, 188bet game demands are still the same as those of all other employees: diversity、Inclusive、Employee value proposition and more learning opportunities。

All of us have the goal of becoming more professional people。So,Those who want to encourage work interest among Millennials and all other employees、188bet game operators who are passionate and loyal may need to re-evaluate their organizational structure design。Such as setting goals、Establish a talent management plan,Provide more thematic and functional career planning and professional certifications, etc.,These will help motivate the 188bet game’s revenue management team and employees。

2. The frequent flow of talents is a big problem,But it can be solved effectively

One of the biggest obstacles 188bet game must overcome when it comes to talent management is the high employee turnover rate。Not just Millennial employees,This problem will occur for all employees。U.S. Department of Labor report says,The tourism and hotel industries are the ones with the most frequent talent flows。This will result in significant additional recruitment and training costs。Deloitte Discovery,52% of the cost of replacing employees results in lost productivity,Another 14% is the loss of orientation and training。

Although most of the employees who resigned are jumping between different jobs in the same industry rather than leaving the industry completely,But the problem in the 188bet game revenue management department is that there are not enough qualified talents。In response to this problem,Hotels should invest more in talents with revenue management qualities who are about to enter the labor market。For example, establishing connections with local universities and relevant talent agencies,Provide corresponding internship opportunities to current students, etc.。While helping them deepen their understanding and interest in revenue management,Also creates opportunities to build and develop a new talent pool for the 188bet game。

3. 188bet game reputation – don’t let it affect you negatively

Although there are many factors that may contribute to the high turnover rate of 188bet game employees,But there is a view,The biggest problem is that the tourism and hospitality industry does not offer rich and long-term career prospects,Industry negative factors including lack of compensation for additional workload。

Especially for Millennial employees,Their resignation is often because they feel that their investment has not received corresponding value。Then,How hoteliers should get rid of these misunderstandings、Attracting and retaining the right 188bet game?

First,Determine what the 188bet game can currently offer its employees,The goal is to meet their expectations for their career development as much as possible,Also help them enhance their professional capabilities。This may include further sorting out the 188bet game’s organizational structure,A more transparent process,Or provide some work-life balance for all employees。

The second thing to remember is the difference between building and managing a talent pool。Hotels should aim to spend most of their time building their talent pool,Especially when it comes to retaining 188bet game revenue management employees。

Third,Hotels also need to invest in building the right digital tools for 188bet game teams,And ensure that all employees can further expand and deepen relevant knowledge。

Looking to the future: in terms of talent cultivation,Where should 188bet game go??

The composition of 188bet game’s revenue management talent pool is undergoing significant changes。Influence of Millennials、High employee turnover rates and the overall reputation of the industry mean hotels need to adjust their strategies to retain their best employees。

The key here is to invest in the 188bet game’s talent pool,Give them the right tools,Meet their needs,And help them further learn and create。

Even advanced revenue management solutions can help 188bet game operations run more smoothly,But the 188bet game must know,Technology and talents complement each other。You still need the corresponding talents,For example, the communication between these revenue managers,Influence on 188bet game culture and contribution to 188bet game business development。

*The author of this article: Head of 188bet game Office in Germany_Xu Liyang。

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