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This is not an - IT IS A REPORT Identify an international firm Hilton Hotel ( subject IHRM) - Essay Example

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Hilton Worldwide Your name …………………………. College ……………………………… ………………. Words-count- 1578 Introduction As human resources are the most powerful assets, organizations aim at strategic HR activities such as effective recruiting, selective hiring, advanced training and extensive knowledge development programs with a view to grab maximum returns on the investment of human capital…
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This is not an essay - IT IS A REPORT Identify an international firm Hilton Hotel ( subject IHRM)
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This is not an - IT IS A REPORT Identify an international firm Hilton Hotel ( subject IHRM)

Download file to see previous pages... This report examines the current HR practices of Hilton Worldwide and critically evaluates how the company has been influenced by its environments on the human resource policies of the company. Hilton Worldwide: Company Profile Hilton Hotel, now known as Hilton Worldwide, has been founded by Conard Hilton in 1919 in Texas has now emerged to be the fastest growing hotel chain to attract travelers, partners, team members and others for their preferred place for entertainment and leisure. According to Statista (2012), with Hilton’s major focuses on property expansion and other management strategies including strategic HRM, the company remains to be the fourth largest to hold the market share just behind intercontinental, Marriot and Accor hotels. It has now more than 3800 hotels and resorts in more than 90 countries with more than 630,000 rooms. It proposes to beat its competitors as it is now fastest growing in terms of revenues, room-occupancy and customer loyalties (Hiltoninternational.com, 2012). Hilton’s success has been mainly driven by on-going property expansion by which it has continually been expanding its rooms, floor-space and as a result customer base too. Despite economic recession in recent years, it was furthering its property expansion. In 2009 alone, it added more than 300 new hotels with more than 45,000 rooms across the world. In 2008, Hilton opened 327 new properties (eturbonews.com, 2010). Hilton’s current approach to HRM Organisations that invest heavily on innovative training and development are found to be very successful in achieving high performance and also in achieving the organizational goals (Noe, 2002, p. 7). Training and development programs, that may vary from firm to firm, are highly effective means for enhancing, motivating and developing people’s skills, knowledge and talent. Training is a systematic, planned and structured effort to enable the human capital within the firm to learn job-related skills. Development refers to the acquisition of knowledge, skills and behaviors that help people improve their ability to meet changes in various job requirements (Noe, Hollenbeck and Gerhert, 2003, p. 8). Hilton Worldwide has partnered with Hilton Management Services (HMS) to continually provide best-in-class human resource services to its people around the world. With help of HMS, Hilton is able to provide extensive knowledge about employment benefits and compensation and to maintain an ideal training library in all different managerial and functional areas. With these training and development models, Hilton keeps on further enhancing human skills and knowledge related to job-requirements. Out of its best-in-class services are ‘PeopleSoft’ and ‘Success-Factors’ to recruit and retain the most talented and finest staff and graduates. Electronic applicant tracking, internet recruiting and maintaining updated database to track turnover statistics are some of the very significant HRM strategies of Hilton Worldwide (hiltonmanagementservices.com, 2012). The Human Resources and Training of HMS delivers employment relations, collective bargaining agreements, recruiting, training and awareness about employment laws. Hilton also maintains stronger relationship with top schools and colleges (hiltonworldwide.com, 2012) to directly recruit fresh and ...Download file to see next pagesRead More
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