But for most enterprises including hotel nd hospitlity industry interntionliztion equtes with n incresingly importnt role for IHRM nd necessity to dpt HR prctices to locl needs.
Current pper is n nlysis of Seychelles' HRM in comprison with UK. The study is bsed on the cse of Molten Hotel tht is opening on n islnd Seychelles nd requires recommendtion on HR prctices in order to effectively mnge the locl stff nd rech the profitbility on new mrket.
Molten Hotels is leding UK bsed hospitlity compny, which owns nd mnges hotels round the world, with one of the UK's best know brnd nmes. The compny hs hotels in thirty eight countries nd dependent territories round the world, with its hed office bsed on the Strnd in London, UK. It employs round 50,000 people worldwide, nd is regulrly recognised s n employer of choice. The compny hd totl revenues of just over three billion dollrs worldwide during the 2007 finncil yer, with operting profit of round five hundred million. This put the hotel just below such globl brnd nmes s Hilton nd Mrriott in terms of globl rech, brnd recognition nd finncil performnce.
The first Molten Hotel ws founded in 1758 by John Molten in Mnchester, where it ws known s Molten's Guest nd Coch House. The hotel ws fmily owned nd run for the first hundred nd twenty yers until in the end of the 19th century, when brhm Molten took dvntge of the rilwys tht hd sprung up cross the country to build two new hotels in Liverpool nd Blckpool. These new hotels proved to be mssive success, s incresing numbers of people begn holidying in costl resorts to escpe the industrilised cities. By 1960, the compny hd set up further 21 hotels round the country, with 18 of these in costl towns including Brighton, Skegness nd Torquy. The compny then decided to expnd to other countries in Europe, gin focusing on the costl regions where tourism ws beginning to grow rpidly. Following perceived sturting of the Europen mrket, the compny expnded its opertions brod, building hotels in Brbdos nd Jmic in the Crribben, Rio de Jneiro nd Slvdor in Brzil, Tunisi, Morocco nd Egypt in fric, nd severl costl cities in ustrli. The compny hs proven trck record of building hotels by the se with excellent use of rchitecture to provide lmost ll rooms with se views nd ensure tht guests hve ll their needs ttended to, in order to gin the mximum plesure from their stys. The compny's prices re mong the highest in the industry for hotel rooms, lthough they sit below the prices of most dedicted resorts, vills nd sps. The compny's most recent project, in Dubi, ws nother four str hotel, pitched to ppel to the upper hlf of the hotel mrket.
1. PEST nlysis
UK hs business friendly environment where the competition mong tourism compnies is encourged in order to sustin competitive dvntge. The compnies therefore recruiter the best employees on the mrket since the competition for good employees is very intense. The HR policies re influenced by with the government pressures to recruit ntionls in comprison to foreigners. However, if foreign employee is hired, the security is provided in return for