Effectiveness of Talent Management Strategies: A Study with Reference to Hotel Industry in Chennai

Abstract

This study offers a comprehensive view of the talent management within the hotel industry, addressing both traditional challenges and emerging trends. It recognizes the unique demands placed on hoteliers in terms of attracting, retaining, and developing top talent, given the industry's reputation for high turnover and demanding work environments. One key aspect highlighted is the importance of creative recruitment strategies, such as employer branding and strategic partnerships with academic institutions, to ensure a steady influx of qualified employees. These approaches can help hotels differentiate themselves in a competitive labor market and attract candidates who are aligned with their organizational culture and values. Moreover, the study underscores the significance of ongoing training and development initiatives in nurturing talent and enhancing employee performance. From leadership development programs to on-the-job training, investing in employee growth not only improves service delivery but also fosters a culture of continuous learning and innovation within the organization.