Describe the type of hospitality industry

Assignment Help Finance Basics
Reference no: EM132258218

Assignment: Employee Turnover

Employee turnover in the hospitality industry averages 400% annually. This means that, on average, 100% of the staff of a restaurant, hotel, airline, cruise ship, etc. is replaced four (4) times per year. There has been extensive research on employee turnover and employee job satisfaction. Using the Internet or the Strayer Library, select one (1) hospitality industry type such as fast-food restaurants, luxury hotels, specialty hotels, or any other type of hospitality interest and identify the main problems associated with that industry and employee turnover. Suggest ways and methods to address the high turnover rate.

Write a five to six (5-6) page paper in which you:

1. Describe the type of hospitality industry and its main categories of employees.

2. Summarize three (3) primary reasons that turnover is so high in this industry.

3. Recommend one (1) method to address each of the three (3) primary reasons that turnover is so high in this industry.

4. Recommend one (1) method to improve job satisfaction in general for this industry.

5. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other websites do not quality as academic resources.

Your assignment must follow these formatting requirements:

• This course requires use of new Strayer Writing Standards (SWS). The format is different than other Strayer University courses. Please take a moment to review the SWS documentation for details.

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow SWS or school-specific format. Check with your professor for any additional instructions.

• Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

• Develop a plan for managing and improving quality in a hospitality operation.

• Describe the management attributes contributing to providing service quality.

• List and describe basic service paradigms.

• Differentiate between high- and low-performance organizations and identify contributing factors.

• Use technology and information resources to research issues in quality service assurance.

• Write clearly and concisely about quality service assurance using proper writing mechanics.

Reference no: EM132258218

Questions Cloud

Compare shinto and zoroastrian concepts of good and evil : Compare and contrast Shinto and Zoroastrian concepts of good and evil. Note specifically any deities that may be associated with either concept.
Does the festival support the jewish way of life : Discuss the significance of one of the major Jewish festivals. What do you find most meaningful about it? Explain.
In what ways do muslims acknowledge jesus christ : Compare and contrast the Christian and Muslim views of Jesus Christ. Use specific examples or short quotes from texts and tradition.
Who were some of the main proponents of the reforms : Who were some of the main proponents of the reforms you chose? How were the reforms you chose enacted?
Describe the type of hospitality industry : Employee turnover in the hospitality industry averages 400% annually. This means that, on average, 100% of the staff of a restaurant, hotel, airline.
Describe the divinitys role within the myth : Identify one character from contemporary culture that shares characteristics of each divinity, and explain why you chose each character.
What are capital investment : Introduction- What are capital investments? Domestic capital investment vs International capital investments (their differences, different factors)
What articles will support your study along with questions : Think of an area of research you would like to pursue then discuss when we meet for class on Saturday January 19, 2019. Please note, that the decision.
Germany or south korea : Why is managing workplace behavior in the United States likely to be different from managing workplace behavior in another country, such as Germany

Reviews

Write a Review

Finance Basics Questions & Answers

  Write a report detailing the risks and potential benefits

You work for a company with no international experience that has an efficient production method for small engines. - write a report detailing the risks and potential benefits of this deal.

  Estimate the internal rate of return for the machine

If the project's cost of capital is 10 percent, would you recommend buying the machine? d. Estimate the internal rate of return for the machine.

  How much additional interest could compounded the rate

You are going to loan a friend $6,000 for one year at an interest rate of 4.5 percent, compounded annually. How much additional interest could you have earned.

  What is the preferred stock yield-to-maturity

The stock, which pays a quarterly dividend of $1.10, will be retired by the firm in 20 years. If the preferred stock is currently selling for $68.00, what is the preferred stock's yield-to-maturity?

  Lohn corporation is expected to pay the given dividends

lohn corporation is expected to pay the following dividends over the next four years 19 15 14 and 5.50. afterward the

  What is the value of rolen preferred stock

What is the value of Rolen's preferred stock? Round your answer to the nearest cent.

  Find the optimal risky portfolio

Find the optimal risky portfolio and its expected return and standard deviation. Find the slope of the CAL supported by T-bills AND the optimal portfolio.

  Analyze and synthesize the financial reports of an

analyze and synthesize the financial reports of an organization of their choice and present their findings in a

  What is the dividend per share in year 7

(a) What is the dividend per share in year 7? (b) Assume the discount rate is 5%. How much would you pay for a share of Company TYK?

  Find the possible prices of the call at the end of the first

Consider a two-period, two-state world. Let the current stock price be $35 and the risk-free rate be 5%. In each period, the stock price can either go up or down by 10%. A call option expiring at the end of the second period has an exercise price of ..

  Objectives incorporated into financial reporting

Give examples of disclosure in notes with personal financial statements.- If quoted market prices are not available, a personal financial statement cannot be prepared. Comment.

  Calculate the cost of goods sold

Calculate the cost of goods sold when beginning finished goods inventory equals $70,000, ending finished goods inventory is $85,000, and cost of goods.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd