Minimum wages and turnover rates within the hospitality industry Minimum wage is the minimum amount of salary that a company or a manager has to pay the workers for the work they have done within a given period. The minimum wage cannot be decreased by a shared or and individual agreement. I am confident that introducing a minimum wage law on the hospitality industry will meaningfully advance the income levels. However, the government must make sure the hospitality operators implement strategies that will enable them to improve the pay mechanisms to ensure that a minimum wage rate is met. Most of the jobs in the service industry are done part-time, and they hardly pay beyond the minimum wages. However, if many servants are asked why they prefer working in the service industry, they would say that the service industry has a wide variety of jobs available. The hospitality industry is classified to be a service industry since it offers many part-time jobs. In the hospitality industry, the aspect of paying minimum wage is practiced by a group of fast-food restaurants.…
preventing the employees’ turnover in the hospitality industry When the hospitality industry increases the minimum wages, there is a high chance that competition will arise among the employees in the neighboring states. Take a case for a state like Lowa that maintains a minimum wage that is around $7.25 per hour may encounter some challenges in drawing the workers. However, many of the employees think that a minimum wage of $15 is so low than what they expect to be paid. Therefore, people should not take the minimum wage to be a living wage. People have generated this perception by making assumptions that, among other industries, the hospitality industry makes a considerable profit. This assumption is wrong because the hotels create a substantial profit. The organization has to make sure that they prevent the employees’ turnover in the hospitality industry. The organization can do this by; Communicating clearly about the job vacancy so that the workers are aware of what they expect from the organization. The team conducting job interviews should inform the workers both the negative and positive parts…
the influence of internal communication on organizational happiness Welch, M. (2018). Internal Communication. The International Encyclopedia of Strategic Communication, 1-20. Welch provides a brief introduction to internal communication in business. In his article, Welch terms internal communication as a key player in ensuring business operations continue without interruption. The author further provides a brief history of domestic business and compares modern trends with traditional methods of communication. The journal is a summary of all topics discussed under Internal Communication. The information from this journal will help define the standard terms used in business communication. The journal contains valuable information and will serve as the primary reference material in the research. Ferrão, A. F. L. S. (2018). Internal marketing: the influence of internal communication on organizational happiness (Doctoral dissertation). Ferrao describes the success of business organizations about the adoption of the right communication strategies. In his journal, the benefits of proper communication structures help in reducing employee burn out and turnover. In his research, Ferrao has realized a strong relationship between different forms of business communication and improved employee…
vision and mission statement for Samsung company Samsung is a technology cooperation whose vision and mission statement focuses on innovations and societal improvements. That is, the cooperation’s mission statement considers the inspiration of the world with the ideal products, innovative technologies, and designs necessary for the enrichment of peoples’ lives and contributions towards social prosperity and the development of a new future. This mission statement is considered appropriate based on relevant principles and concepts. However, the mission statement should be regarded as adequate if it clearly addresses the business scope a company is pursuing (https://open.lib.umn.edu).). The range, in this case, must be defined in markets and products. For instance, the Samsung company mission statement addresses the technological products and markets pursued by the company. The other element that makes the mission statement appropriate is the constant review and the current update on the mission statement of the company. The vision statement of Samsung cooperation is also considered appropriate as it talks about the development of an inspired world and future. Some of the reasons that support the appropriateness of the…
Heidi Zak Brings Disruption into the Fashion Industry through her Company, Thirdlove Women from all over the world have applauded the establishment of Thirdlove, a company that has been very vocal in ensuring that women wear clothes that match their sizes. The company has achieved this initiative through manufacturing women underwear varying sizes to ensure that every woman gets a perfect piece that would fit their unique shapes and sizes. During an interview, Heidi Zak, the co-founder and co-CEO of the Thirdlove, stated that running the company has not been a walk in the park. It has taken sheer effort and sacrifice to see it reach its current position from a mere startup. During the interview, Heidi Zak submitted that one of her greatest pillars had been her husband, David Spector, with whom she co-owns the company. Since they formed Thirdlove, they have been through a lot of challenges, many of which required moral and financial support. Luckily, David has been there for her. Heidi also gives credit to her employees, who she admits to having been very pivotal…
Turn Your Visitors Into Returning Customers Through a Result-Driven Website Design That Puts Your Best Face Forward Get it right in the first instant; we make your first impressions count In a business world so reliant on technology, a significant number of your prospective customers are possible “Googling” to find information about your company or the goods and services you offer. Thus, if you are now where to be found during their web search processes, they will consider your competition with an established online presence. However, it takes more than installing a website to win a visiting customer or pitch to potential clients. A first impression can create or deny your business a long-lasting relationship with clients. Consequently, just like your storefront, your website should welcome your visitors, thus leading them to become returning clients. To challenge your competition, thereby making it easier for potential customers to come to you, our team of experienced website designers implements the latest web design trends in coming up with sites. These include: Responsive Design Techniques: Multi-device content, fluid images, responsive…
marketing strategies, value segmentation, consumer behaviour, leading competitors, forecasts of Sony and Microsoft gaming companies Introduction Electronic art is a type of art that uses electronic media. It works about information art, new media art, video art, gaming and electronic music, among others. It stems from the traditional form of art and system art. Therefore, electronic art is also “computer art” as it involves computers. Electronic art became a source of living for different people; hence, companies were started and opened following the same. The companies operate just like all other companies; thus, they need the aspect of marketing for them to thrive. Different strategies have been applied by the latter in the US and Europe. The following content will bring out the marketing strategies, value segmentation, consumer behaviour, leading competitors, forecasts of Sony and Microsoft gaming companies. Main Body Specific content Microsoft Company has unveiled that most game fans desire in-depth and specific content. They focus on ensuring that the fans attain the specific content they want in the game. While creating the game, they ensure that it is…
Managing Workforce Diversity: Qantas Airline Numerous organizations in Australia encounter inevitable challenges which are branded and subjective by cultural diversity. Australian enterprises not only have to meet their compliance responsibility under a series of anti-discrimination acts, but they also need to contend for talent, overwhelmed skills inadequacies, and maintain aptitude by surpassing escalated employee anticipations concerning workplace opportunities and conditions. As a result, organizations in Australia must be keen to adapt to the certainties surrounding workforce and customer diversity to be able to compete in both culturally diverse international and domestic business environments. Notably, managing workforce diversity has become a topic of interest owing to the enormous challenge enterprises face achieving their goals as a result of increased workforce diversity in the current global economy. Precisely, this essay aims to address the significance of workforce diversity policy in Qantas Airline and what can managers implement to improve workforce diversity management. Consequently, workforce diversity is a set of individuals originating from different racial, cultural, social and national backgrounds. According to Martin (2014), workforce diversity is a group of individuals possessing a…
Marketing and management theories 2.1. Description of the background Background literature includes past researches that reveal a similar relation developed in this research. Moreover, social exchange theory and job-demands resources theory are simultaneously put together to provide a rationale behind the assertion of how training and development can improve Adidas overall performance. Marketing and management theories suggest that training and development, as a strategic tool, can enhance the abilities and knowledge skills of employees (Abzari, Ghorbani, & Madani, 2011; Bakker & Demerouti, 2007; Cropanzano, Anthony, Daniels, & Hall, 2017; Heskett, Sasser, & Schlesinger, 1997; Rafiq & Ahmed, 2000). Previous researches authenticate that, training and development can rebuild employees’ abilities to compete effectively by improving their performance (Asfaw, Argaw, & Bayissa, 2015; Schwepker & Good, 2007). In a similar manner, literature identifying the relationship of training and development with employee innovation performance also follow a positive link (Sung & Choi, 2014). These results of past studies build consistency with social exchange theory and job-demands resources theory that when organizations show concern towards employees, this will leave a positive psychological impact on…
Microsoft Corporation SWOT analysis Abstract Microsoft Corporation is the global leader in software and hardware technology development. tODAY, Microsoft ENJOY ITS MARKET DOMINANCE AS A RESULT OF THE INTENSIVE INNOVATION THAT it has been involved in over the most extended period since its inception. The result is an organization that has the best competitive advantage of all. The organization has managed to be at the top of the technology as a result of the various strategies that it has it has put operation. This paper examines the different approaches that the organization uses, beginning with the SWOT analysis, and offering the key recommendation on this basis. Microsoft SWOT analysis SWOT Analysis Strengths · Leading software company · Words leading organization · Vast market research · Constant growth · Additional newer Stock keeping unit · Massive market capitalization Weaknesses · Overexposed in the PC market · Cybercrime and theft · Lacking innovation · Lacking market leadership in the internet browser segment Opportunities · Cloud business growth · Innovation and artificial intelligence · Partnership and acquisition · Smartphone…