How staff turnover impacts a hotel’s P&L: new TFG Asset Management white paper out soon

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25/09/2016 - Hospitality

TFG Asset Management has almost completed its latest hospitality industry white paper, which looks at staff turnover in hotels and how this impacts a hotel’s P&L.

The research, conducted in collaboration with The Emirates Academy of Hospitality Management, has revealed many interesting results with regards to the dynamics of Dubai’s current hotel sector workforce.

In this fast-paced industry, hoteliers must learn to accept new market conditions and devise effective people management strategies to cope with these changes.

The staff are a hotel’s most valuable asset and failure to manage employees effectively will automatically result in high staff turnover ratios, leading to higher costs.

TFG Asset Management has identified the workforce trends that Human Resource (HR) managers must consider and analyse, which take into consideration new talent recruitment strategies, the expectations of Generation Y, equal opportunities, the integration of technology into staff training, and the evolving role of HR leaders, to name a few.

The new white paper will be launched by the end of this year.