The hospitality industry is a key player in today's interconnected world. It serves as a catalyst for local employment, stimulates the growth of new business ventures and tourism, and contributes significantly to the global GDP, accounting for approximately 10%. This industry can be demanding and high-stress due to irregular work schedules, long hours, and a lack of recognition.
Let’s look at the following statistics which validate the importance of employee recognition:
An effective method to improve turnover rates, elevate engagement levels, enhance morale, and foster a sense of purpose within the hospitality industry is employee recognition. Employee recognition is a form of acknowledgment and appreciation that recognizes an individual's contributions within a group. It plays a crucial role in promoting a positive company culture and providing motivation to achieve other organizational goals
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