1.3 Organizational structure
Thirdly, the organizational structure in every hotel divides the staff into different groups. Each group has its functions, and every member has his or her job. There are more than fifteen departments in every hotel such as; HR, marketing, finance, sales and purchasing, food and beverage, housekeeping, security, front office, guest services, etc. So, there is a significant relationship between all the departments in a hotel, and also they communicate on one system (Manwal, 2014). The experience at Westin Doha Hotel and Spa was based on only four main departments; human resources, marketing, purchasing, and finance. Each department has clear functions to work every day and to communicate with the other departments
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The role of HR is hiring and firing people support the employees and giving the employees some advices to modify their weaknesses and to fix their faults. The HR manager at Westin hotel, he is multitalented in many fields. He is creative in communication with others; he should solve a lot of problems and issues which are related to the company. Every morning, HR manager signs a lot of papers and checks the dates of coming and leaving for the guests. He follows open door policy, so he is approachable. However, sometimes he closes his door when he completes a project or doing private issues. Also, he is a supervisor; he observes all the employees and their attitudes. Moreover, he adjusts all the employees by putting strict rules to follow and sometimes, HR manager holds a meeting to control all issues in a hotel and to suggest some projects to the employees by drawing a mind map. As well, a development manager at Westin hotel always sends email for all the employees to remind them about their duties and to motivate them forward. Also, she arranges trips for the employees after working hours to have fun and to communicate with each other’s. Moreover, she sends some quizzes to encourage them. She sends extra information such as; about healthy foods. Also, she usually makes training programs for the employees and makes calendars with checklist to know who attended the sessions and who not. All the data are kept in portfolio from the opening of the hotel till now. The development manager arranges events for the employees to work as a family in the hotel and to be close friends which means to integrate them into Westin hotel ambience. Second, finance department focuses on the expanses and revenue of the
Here recently, there was at least on Assistant Human Resource Manager in every store. There is also a Human Resource Coordinator for every district who answers to the Division Human Resource Director. Store level hr is responsible for making sure the stores are staffed, the time to hire rate is low, turnover rate is consistently low, rules and regulations are being followed, and the union contract is being adhered to. As for the Coordinator, their responsible for making sure each store is meeting their goals of time to hire and turnover, supporting and assisting stores with their hr needs such as aggrieves, and reporting out results to the Division HR Director. Overall, HR is very visible in the Kroger Family of Store now more than
The capital business sector is the business sector for securities, where organizations and the legislature can raise long haul stores. The capital business sector incorporates the stock exchange what 's more, the security market. Money related controllers, for example, the U.S. Securities and Exchange Commission, direct the capital markets in their individual nations to guarantee that financial specialists are ensured against extortion. The capital markets comprise of the essential business sector, where new issues are appropriate to financial specialists, and the optional business sector, where existing securities are exchanged. (n.d.).
Regardless of whether you don 't have understanding of money related administration or to be sure a set out toward numbers, it is essential to realize what is happening and to have the capacity to impact the procedure. The planning procedure will eventually influence the result of the division and the general population around you. Planning is about significantly something other than numbers. A healthy cash flow is equally important for achieving successful medical practices and providing excellent patient care. Although maintaining payment rates to pay bills is a challenge, it has proven that steps can be taken to grasp the cash flow challenge.
The life accountant life cycle has 10 steps involve to acknowledge Peyton financial strengths and
There are different strategies that must be considered by the organisations operating in hospitality industry. The contributions made by the firm donate towards the performance and achievement of the company. The purpose of this paper is to analyse the strategies of the hotel, which serves as the basis of success. This paper is divided into five different tasks each of which is focusing on various aspects of the hotels performance. The organisation that is selected in order to answer the tasks is InterContinental Hotel Group.
This Assistant Manager works with the Training Manager, HR, and other department managers to address employee, as well as organizational development needs. Furthermore, the Assistant Training Manager works with the Training Manager and Casino Department Heads to conduct needs assessments to incorporate into Marriott’s training programs that ultimately facilitate the delivery of both custom and corporate training programs (“Aruba Marriott”, n.d. para.130). Essentially, the Training Manager ensures Marriot’s personnel are appropriately trained, as well as assesses and forecasts appropriate training to keep its personnel
Weighted average cost of capital for Marriot Corporation: In order to determine cost of capital, first we need to find out cost of equity and cost of debt. For determining the cost of equity we need to determine the beta for the target leverage ratio. According to the information provided by exhibit 3 equity beta is estimated at 0.97 when equity-to-total capital ratio is 0.59. Therefore we need to find unlevered beta value so that we can find firm’s equity beta at the desired leverage ratio as mentioned in Table A. Tax bracket of 44% is used based on ratio of income taxes to income before income taxes (175.9/398.9) in Exhibit 1.
Organization structure – The whole activies are divided in the department and the responsibility and hirenchy of each department is well defined. However Senior management needs to be more focused on Strategic Initiative rather than Daily Operations .For this it is Important to develop a second Rung of Leadership. Human Resource Plan – The Human resourse plant is defined for all the employee and the system for the recruiting , training & development, benefits and reward is well established.
CASE JOURNAL-ROSEWOOD HOTEL& RESORTS Rosewood’s management is on the right track to increasing brand awareness among its customers by pursuing the corporate branding strategy. Implementation of the corporate branding strategy not only increases the number of repeat visitors to the hotels, but also increases the gross profits made by the company by $2,599,000. Corporate branding has a positive impact on the customer lifetime value as well. Rosewood Hotels & Resorts is a privately owned hotel management company that is known for its unique properties like The Carlyle and the Mansion on Turtle Creek that differentiates the company from other luxury hotel competitors.
The purpose of this report is to find solutions to the prevailing issues in Ritz Carlton like an increase in absenteeism, demotivation, a decrease in productivity level as well as discrimination, underpay and conflicts arising between team members. For the purpose of this assignment, the focus will be on providing recommendations to improve the culture, working environment, structure, motivation of employees and strengthen team-working. Ritz Carlton is using a hierarchical and centralised structure, first of all, different type of structures will be proposed to find the right one.
Self -Reflection on Module 8.2a Financial Management Before the commencement of the sub-module 8.2, we were supposed to choice either 8.2a (Financial Management) or 8.2b (Investing Social Security Reserves), because the sub-module is divided into two. I have decided to take the sub-module 8.2a, and during online VC sessions, I have had gained some basic knowledge from this subject (Financial Management). For me, this is the first time I had chance to learn about the subject, before that I have just heard some information about financial management only from a friend who studied Accounting and working as Auditor at Association of Chartered Certified Accountants (ACCA) consultancy in Ethiopia. From the beginning I am so much eager and impressed
1- Investment decision 2- Financing decision, 3- Assets Management decision.
The guest’s requirements can vary widely so the hotel must have flexible operation system to provide many types of facilities. For example, Four Seasons Hotel provides variety of facilities such as swimming pool, fitness facilities, children’s amenities, executive club, non-smoking floor, internet access and so on. Some guests might having family trips and some might having business or company’s trips. The different types of guest can find out the ideal types of room that suits them the most according to the variety of facilities provided.
Analyze the company internationalization. (Are they operating internationally, if so where? And how are they performing over there?) Shangri-La hotel and resorts was originated in 1971 and was a flagship hotel in Singapore. Currently there are fifty five deluxe resorts and hotels around the world based on the Hong Kong hotel chain.