Hospitality experts are starting to believe there is a light at the end of the tunnel. Hiring becomes a unique phenomenon after a recession, since more qualified people are available and companies can secure them at a lower salary. Is cheap always the right answer?
While it is known that the ‘best of the best’ are needed for new growth, old mistakes are surfacing in regards to employee treatment and value. Accordingly, trust must be established between owners, management, and workers while moving into a new era.
This article found on HTrends discusses two phases in which layoffs were created as a reaction to the economy and where companies used the economic downturn as a reason to single out non-performers. Unfortunately, it is now possible that some valuable employees were let go and the cost to train and educate new employees was not considered in the business model. The catch 22 situation creates problems for both employees and employers. Employees need a safe feeling of job security for optimal performance, and employers need to function within a low cost budget and increased revenues. How many key executives can you name that were put out to pasture in 2009?
Read the HTrends article here.
