Management
/in Uncategorized /by adminThe Hotel Paris’s competitive strategy is “to use superior guest
service to differentiate the Hotel Paris properties, and to thereby
increase the length of stay and return rate of guests, and thus
boost revenues and profitability.” HR manager Lisa Cruz must now
formulate functional policies and activities that support this
competitive strategy and boost performance, by eliciting the
required employee behaviors and competencies. As a longtime HR
professional, Lisa Cruz was well aware of the importance of
effective employee recruitment. If the Hotel Paris didn’t get
enough applicants, it could not be selective about who to hire.
And, if it could not be selective about who to hire, it wasn’t
likely that the hotels would enjoy the customer-oriented employee
behaviors that the company’s strategy relied on. She was therefore
disappointed to discover that the Hotel Paris was paying virtually
no attention to the job of recruiting prospective employees.
Individual hotel managers slapped together help wanted ads when
they had positions to fill, and no one in the chain had any
measurable idea of how many recruits these ads were producing or
which recruiting approaches worked the best (or worked at
all). Lisa knew that it was time to step back and get control of
the Hotel Paris’s recruitment function. As they reviewed the
details of the Hotel Paris’s current recruitment practices, Lisa
Cruz and the firm’s CFO became increasingly concerned. What they
found, basically, was that the recruitment function was totally
unmanaged. The previous HR director had simply allowed the
responsibility for recruiting to remain with each separate hotel,
and the hotel managers, not being HR professionals, usually just
took the path of least resistance when a job became available by
placing help wanted ads in their local papers. There was no sense
of direction from the Hotel Paris’s headquarters regarding what
sorts of applicants the company preferred, what media and
alternative sources of recruits its managers should use, no online
recruiting, and, of course, no measurement at all of effectiveness
of the recruitment process. The company totally ignored
recruitment-source metrics that other firms used effectively, such
as number of qualified applicants per position, percentage of jobs
filled from within, the offer-to-acceptance ratio, acceptance by
recruiting source, turnover by recruiting source, and selection
test results by recruiting source. This despite the fact, as the
CFO put it, “that high-performance companies consistently score
much higher than low-performing firms on HR practices such as
number of qualified applicants per position, and percentage of jobs
filled from within.” It was safe to say that achieving the Hotel
Paris’s strategic aims depended largely on the quality of the
people that it attracted to, and then selected for, employment at
the firm. “What we want are employees who will put our guests
first, who will use initiative to see that our guests are
satisfied, and who will work tirelessly to provide our guests with
services that exceed their expectations,” said the CFO. Lisa and
the CFO both knew this process had to start with better recruiting.
The CFO gave her the green light to design a new recruitment
process. Lisa and her team had the firm’s IT department create a
central recruiting link for the Hotel Paris’s Web site, with
geographical links that each local hotel could use to publicize its
openings. The HR team created a series of standard ads the managers
could use for each job title. These standard ads emphasized the
company’s service-oriented values, and basically said (without
actually saying it) that if you were not people oriented you should
not apply. They emphasized what it was like to work for the Hotel
Paris, and the excellent benefits (which the HR team was about to
get started on) the firm provided. It created a new
intranet[1]based job posting system and encouraged employees to use
it to apply for open positions. For several jobs, including
housekeeping crew and front-desk clerk, applicants must now first
pass a short prescreening test to apply. The HR team analyzed the
performance (for instance, in terms of applicants/source and
applicants hired/source) of the various local newspapers and
recruiting firms the hotels had used in the past, and chose the
best to be the approved recruiting sources in their local areas.
After 6 months with these and other recruitment function changes,
the number of applicants was up on average 40%. Lisa and her team
were now set to institute new screening procedures that would help
them select the high-commitment, service-oriented, motivated
employees they were looking for.
Questions
5-20. Given the hotel’s required personnel skills, what
recruiting sources would you have suggested it use, and
why?
5-21. What would a Hotel Paris help wanted ad look
like?
5-22. Based on what you know and on what you
learned here in Chapter 5 of Dessler Human Resource
Management, how would you suggest Hotel Paris measure the
effectiveness of its recruiting efforts?
Statistics
/in Uncategorized /by adminBarnett (1987). Professor Yataha needs to schedule eight round-trips between Boston and Washington, D.C. The route is served by three airlines, Eastern, US Air, and Continental, and there is no penalty for the purchase of one-way tickets. Each airline offers bonus miles for frequent fliers. Eastern gives 1500 miles per (one-way) ticket plus 5000 extra miles if the number of tickets in a month reaches 3 and another 5000 miles if the number exceeds 5. US Air gives 1800 miles per ticket plus 12,000 extra for each 6 tickets. Continental gives 2000 miles per ticket plus 7500 extra for each 5 tickets. Professor Yataha wishes to allocate the 16 one-way tickets among the three airlines to maximize the total number of bonus miles earned.
Engineering
/in Uncategorized /by adminEconomics
/in Uncategorized /by adminTwo important industries on the island of Bermuda are fishing and tourism. According to data from the Food and Agriculture Organization of the United Nations and the Bermuda Department of Statistics, in 2014 the 315 registered fishermen in Bermuda caught 497 metric tons of marine fish. And the 2,446 people employed by hotels produced 580,209 hotel stays (measured by the number of visitor arrivals). Suppose that this production point is efficient in production. Assume also that the opportunity cost of 1 additional metric ton of fish is 2,000 hotel stays and that this opportunity cost is constant (the opportunity cost does not change).
1. If all 315 registered fishermen were to be employed by hotels (in addition to the 2,446 people already working in hotels), how many hotel stays could Bermuda produce?
2. If all 2,446 hotel employees were to become fishermen (in addition to the 315 fisherman already working in the fishing industry), how many metric tons of fish could Bermuda produce?
3. Draw a production possibility frontier for Bermuda, with fish on the horizontal axis and hotel stays on the vertical axis, and label Bermuda’s actual production point for the year 2014.
Finance
/in Uncategorized /by adminStatistics
/in Uncategorized /by adminA study was conducted of 90 adult male patients following a new treatment for congestive heart failure. One of the variables measured on the patients was the increase in exercise capacity (in minutes) over a 4-week treatment period. The previous treatment regime had produced an average increase of 2 minutes. The researchers wanted to evaluate whether the new treatment had increased the average exercise time compared to the previous treatment. The data yielded a sample average of 2.17 and a standard deviation of 1.05.
Sample mean (x) = 2.17
Satandrad Deviation (s) = 1.05
Population mean (M) = 2
Sample size (n) = 90
a) Carryout an appropriate hypothesis test achieve their goal (Use p-value approach). You may use a 5% significance level to draw a conclusion.
Computer Science
/in Uncategorized /by adminManagement
/in Uncategorized /by adminA. Compute the top 10% value and the bottom 10% value of the household’s annual after-tax income (Ataxlnc). What do these two values imply in terms of the distribution of the after-tax income?
B. The series OwnHouse represents whether a household owns a house or not, that is a qualitative variable. Find the proportion of the households who own a house in your sample and use this proportion to find the probability that any three of the five randomly chosen households will own a house.
C. Draw a scatter plot of the natural log of total expenditures against the natural log of after-tax income, that is, In(Texp) against In(Ataxinc) and compute the coefficient of correlation. Express your finding of the linear relationship between the two variables.
Task 3
A. Construct a contingency table between the gender and the level of education.
B. What is the probability that a random head of a household is a male and his higher level of education is Master?
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