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What’s your share of the Hospitality Industry cake amongst the slices of your competition? In other words the percentage of your business’s sales divided by the total sales of the industry over a single period of time.
Continue reading “Market Share: It’s all about beating the competition”
A Strategic Reward System is a tool often used by the Human Resource Management involving a set of recognition and appreciation plans of action that reward the performance of the employees within a business.
Every company nowadays simply has to have a Strategic Reward System offering if they are to create a highly attractive Employee Value Proposition. In other words a set of benefits that will motivate an employee to join and perform well within the business as well as part of compensation for their skills, capabilities and experience.
Delivering exceptional customer experience starts with employee recognition and appreciation, which is often delivered in a form of various rewards and incentives. A combination of those employee-motivating factors however, is often incomplete and therefore challenges Staff Retention within the UK’s Hospitality Industry.
