An analytical study of manager's perception about the benefits of talent retention in the hotel industry of Pune city
The rapid development of Pune city has generated an assortment of changes and challenges in the hotel industry resulting in great demand for skilled workforce which has also taken the turnover rate high. At this point of time the biggest concern for the hospitality industry is the increase in attrition rate. Hotels of the city are making conscious efforts in dealing with the problem by implementing efficient employee centric, talent retention practices so that the existing bunch of talented employees not only feel special but also are retained with the organization. Hotels are adopting various HR practices pertaining to talent retention that will enable an employee to work for the organization for a longer tenure. The basic objective of this study is to analyze the benefits of talent retention in the hotel industry. This study is in a category of descriptive research and has studied various existing practices of Talent retention management followed in the hotels of Pune city and includes surveys, fact finding enquiries of different kinds etc.