Americans are less financially prepared for retirement than they were in 2020, with millennials experiencing the biggest setback as savings decreased, according to a study by Fidelity Investments.
Read the full article at: www.investopedia.com
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No time to lose, the next year is almost here. And a good hotel budget plan isn’t made overnight. How far are you with your targets, budget, and plan of attack for next year? What REVPAR and GOPPAR do you need to achieve? Have you gone over what next year will look like in terms of performance, and does it describe all actions in detail? Does everyone on the team know what the objectives are and which steps to take to get there? Did you make your new hotel budget already or are you right in the middle? What methodology are you using? Are you simply adding 3% to 5% each month based on last year’s performance? Or are you really putting your teeth into it and drilling down per segment, per channel, per account, and per day?
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If you’ve spent any time in project management since space 2006, you’ve probably heard of Wrike. It’s been a popular project management software for teams at large enterprises. With time-saving templates, Kanban boards, and integrations with more than 400 applications, this platform does have a lot to offer. Read the full article at: www.teamwork.com
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Jobseekers face a tougher road today than a year ago, when many companies couldn’t hire fast enough. So the questions applicants ask during the interview process are more important than ever to suss out if the role is a dream job — or a nightmare waiting to happen. Read the full article at: www.bloomberg.com
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Have you ever been unable to find a manager to assist you when shopping? Or have you ever experienced poor customer service while purchasing food at a fast food chain? Whether in business, management, or leadership, problems often arise as they are part of life. While it’s easier to focus or blame everything on problems, this is also not a sustainable solution, especially if you’re leading a team. Part of a proactive management style is finding solutions. Read the full article at: www.lifehack.org
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A potential “soft landing” for the US economy might just be in sight. The end-of-year decline in retail sales and industrial production were reminders that the economy is slowing, but January saw signs that the economy might still be growing too fast for the Fed’s liking.1 Some additional obstacles have appeared on the runway, however. Deloitte’s economic forecast remains optimistic but takes into account some very significant risks for the next year. Read the full article at: www2.deloitte.com
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A study of ten large global economies shows that exergy – not human labour – is the primary driver of GDP growth. Existing production models cannot explain growth. A new generation of smart machines could possibly replace a large proportion of existing human occupations, according to the World Economic Forum. But even before the emergence of “smart machines”, the relationship between exergy and production is clear to physicists, industrialists and political lead Read the full article at: knowledge.insead.edu
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Working Collaborative Group Gatherings: A New Segment is Being Defined for HotelsThe concept of a hybrid workstyle is revolutionizing businesses and salespeople. Thanks to recent technological breakthroughs, companies have the option to hire employees from any geographic location, thereby reducing overhead costs associated with office space and equipment. Read the full article at: lureagency.com
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40% of workers reported their job was very or extremely stressful. That’s a problem. Regardless of what kind of work you do, the reality is that workplace stress is detrimental for employers and employees. Read on to find the causes of job stress, why it’s so harmful, and helpful tips to cope with workplace stress. Read the full article at: wheniwork.com
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It typically takes six to eight months to find or fill a management-level job. Getting building permits can take that long or longer. Plant an apple or cherry tree today and it’s unlikely to bear fruit for another three to five years. So, to see how quickly federal climate and clean energy policies are already creating jobs, driving economic growth and revolutionizing our economy is almost mind-boggling. Read the full article at: cleanenergy.org
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It has been said that employees are a company’s greatest asset – as a result – improving employee performance has become increasingly important to organizations looking to reach their goals and drive business velocity. Read the full article at: www.digital-adoption.com
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Effective performance management helps organizations ensure that employees understand their roles, receive constructive feedback, and have the support they need to achieve their goals and business objectives. Let’s look at what performance management is, what the performance management process looks like, and some examples. Read the full article at: www.aihr.com
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Sales is the transfer of conviction and inspiration: The person who is most certain during the interaction will win. Why? Because your prospect is uncertain. Which means your sales conversation will either inspire in them the certainty to say yes — or it will reinforce their uncertainty, and they will say no. As a seller, your success rests in your attitude: your complete conviction that your solution is the best in the world for your customer.
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Does the word “sale” send you running to your wallet? How many half-priced clothes hang in your closet with the tag still on? How many uncomfortable shoes did you buy solely because they were on sale? When thinking about money, do you feel stressed? Tense? Controlling? Confused? Like you have an abundance or a severe lack of it? Read the full article at: www.carsonwealth.com
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If the past two years have highlighted anything about the travel and hospitality sector, it’s resilience. When COVID-19 hit, hospitality companies were still transitioning into digital- and data-led paradigms and adapting to non-traditional competition; during the pandemic, travel all but stopped in many places, leaving property owners and managers scrambling. Now that travel is picking up again, that same flexibility and willingness to adapt will be key – this time, in continuing to deploy technology to meet guests’ expectations and streamline operations. With that in mind, let’s see what trends will be leading the way in the hospitality industry in 2023 and beyond. Read the full article at: www.absolutdata.com
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For businesses to remain competitive during times of uncertainty and transformation, understanding employee sentiment is critical. That’s where employee engagement software gives you the edge.
Read the full article at: blog.workday.com
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Find Out How Your Employees Feel About CompensationDo you know what your employees really think about their compensation, benefits, employee experience, company culture, and everything else your organization has to offer? If not, your retention strategy is floating adrift. Retention is high on HR and business leaders’ list of priorities, and a key part of retention is offering the environment and total compensation package employees really want. Read the full article at: www.bamboohr.com
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From
rsmus
Events have outpaced the best-laid plans of policymakers. The recent turmoil in the financial sector will place constraints on the Federal Reserve’s efforts to restore price stability.Our research indicates that the Fed, facing persistent inflation, will for now have to accept a de facto inflation target of 3% to avoid the destruction of millions of jobs that would accompany achieving a 2% target. Read the full article at: rsmus.com
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From
groww
According to the World Bank's latest Global Economic Prospects report, the global economy is stepping into a noticeable slowdown after a strong rebound in 2021 amid new threats from COVID-19 variants and a spike in inflation, debt, and income inequality that could jeopardize the recovery in emerging and developing economies. As a result, global GDP is predicted to slow significantly from 5.5% in 2021 to 4.1% in 2022 and 3.2% in 2023 as pent-up demand fades and fiscal and monetary assistance is removed globally. Read the full article at: groww.in
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Leadership is a desirable quality that many employers seek in candidates of all levels. It can signal strengths like problem-solving, organization, and effective communication. Whether or not you’re interviewing for a role that requires managing others, highlighting your leadership skills can be a valuable endeavor. During an interview, you may receive questions about your leadership abilities, which typically take the form of behavioral interview questions—or questions that allow a potential employer to learn more about you. Read the full article at: www.coursera.org
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The hospitality industry is a substantial contributor to global carbon emissions. Hotels are among the most energy-intensive buildings, making them ideal candidates for renewable energy adoption. As per the International Energy Agency, renewable energy accounted for 72% of new power capacity added globally in 2020, with solar power being the leading source. Read the full article at: insights.ehotelier.com
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American companies have spent decades attempting to make workplaces more diverse. However, it’s safe to say the results have been mixed at best. For example, the tech industry is still 70% male and 57% white, according to an NPR report. When you climb up the ladder in any business, diversity plummets. One study by Diversity, Inc. found that 95% of Fortune 500 CEOs are white and 96% are men. Read the full article at: www.tinypulse.com
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A talent pool is a database of candidates who are interested in working for your organization. It consists of candidates who have already applied for a job at your company, candidates whom you have sourced, and those that have been referred by others. Read the full article at: www.betterteam.com
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Few things in business are as important as having a talented and productive workforce. To make this a reality for your organization, two key HR concepts stand out from the crowd: performance management and talent management. Whether you need clarity on the definition of each or are looking for best practices to combine them, this guide has you covered. We offer a comprehensive breakdown of the differences and overlaps between talent management and performance management, complete with six best integration practices.
Read the full article at: www.zavvy.io
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If you Google “what hiring managers wish they knew about the candidate experience”, you wouldn’t find any result matching this topic. Instead, your page will be inundated with thousands of articles on what hiring managers and HR wish candidates knew about them. Read the full article at: www.peoplehum.com
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