What Factors Contribute to the High Employee Turnover Rate in the Budget Hotels in China
Introduction
Due to the year of 2008, we have had two thousand eight hundred and five budget hotels in China. When we are surprised in the expending speed of budget hotels in China, they recruit too many employees without considering the high labor cost and management issue, which finally lead to a high employee turnover rate in the budget hotel industry. In the year of 2009, the average employee turnover rate in budget hotels even increased to 34.5%. So these budget hotels with high employee turnover are having an even more difficult time filling their open positions with qualified candidates who will not just leave or be fired in the future.
As a result, they should not simply find out ways to improve their management, but also find out the factors contribute to it. In this paper, I will analysis what are the factors contribute to the high employee turnover rate in the budget hotels in China.
The Current Situation of Budget Hotels in China
The Background of Budget Hotels in China
Nowadays, the budget hotels developed rapidly, and we should say that their expansion speed is incredible. However, the expansion will lead to HR problems--they lack of talented people. So recruiting and keeping talented people is a smart choice.
Due to the budget hotels have a large developing space in China, many companies spent lots of money in this market. In the year of Nov.2009, Green-Tree-Inn Hotel has opened five new hotels. And due to the end of 2010, Home-Inn Hotel, Hanting Hotel, and Green-Tree-Inn Hotel have published their goals——open hundreds of their hotels this year. Some experts pointed that the employee’s training speed cannot catch up with the opening speed of new budget hotels. Finally, the rapid expansion of budget hotels would lead to human resource problem. (Wang Hang, 2010, January 5)
In today’s recruitment fair, 40% of the recruitment companies are famous budget hotels, such as the Seven-Days-Inn Hotel, Home-Inn Hotel, Jinjiang Inn Hotel, Hanting Hotel, and
Due to the year of 2008, we have had two thousand eight hundred and five budget hotels in China. When we are surprised in the expending speed of budget hotels in China, they recruit too many employees without considering the high labor cost and management issue, which finally lead to a high employee turnover rate in the budget hotel industry. In the year of 2009, the average employee turnover rate in budget hotels even increased to 34.5%. So these budget hotels with high employee turnover are having an even more difficult time filling their open positions with qualified candidates who will not just leave or be fired in the future.
As a result, they should not simply find out ways to improve their management, but also find out the factors contribute to it. In this paper, I will analysis what are the factors contribute to the high employee turnover rate in the budget hotels in China.
The Current Situation of Budget Hotels in China
The Background of Budget Hotels in China
Nowadays, the budget hotels developed rapidly, and we should say that their expansion speed is incredible. However, the expansion will lead to HR problems--they lack of talented people. So recruiting and keeping talented people is a smart choice.
Due to the budget hotels have a large developing space in China, many companies spent lots of money in this market. In the year of Nov.2009, Green-Tree-Inn Hotel has opened five new hotels. And due to the end of 2010, Home-Inn Hotel, Hanting Hotel, and Green-Tree-Inn Hotel have published their goals——open hundreds of their hotels this year. Some experts pointed that the employee’s training speed cannot catch up with the opening speed of new budget hotels. Finally, the rapid expansion of budget hotels would lead to human resource problem. (Wang Hang, 2010, January 5)
In today’s recruitment fair, 40% of the recruitment companies are famous budget hotels, such as the Seven-Days-Inn Hotel, Home-Inn Hotel, Jinjiang Inn Hotel, Hanting Hotel, and