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The Trend of the Hospitality Industry and the Advantages Versus the Disadvantages of Investing in the Workforce

Author

Listed:
  • Steluta Radu

    (University of Agricultural Sciences and Veterinary Medicine of Iași)

  • Mihaela Constandache

    (“Carol I†Commercial College from Constanța)

  • Anca - Cristina Stanciu

    (“Ovidius†University of Constanța)

Abstract

The hospitality industry, although attractive to many entrepreneurs, is among the riskiest areas of activity in Romania. Challenges and risks can occur at any step. The human resource working in the hospitality industry is inadequately prepared, this leads to the failure of hospitality business. That's why the right people, in the right places, responsible people who value work, especially in a field with as many challenges as the hospitality industry, will always remain an essential factor of success. In this research we proposed new measures for the training of the workforce in a system of continuous training carried out by Ministry of Labour and social Protection for vulnerable target groups made up of unemployed and students. The study was carried out by static analysis of the demographic evolution of Romania, the trend of the labour market.

Suggested Citation

  • Steluta Radu & Mihaela Constandache & Anca - Cristina Stanciu, 2020. "The Trend of the Hospitality Industry and the Advantages Versus the Disadvantages of Investing in the Workforce," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 464-473, December.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:2:p:464-473
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    More about this item

    Keywords

    hospitality industry; human resources; benefits/disadvantages workforce in tourisms;
    All these keywords.

    JEL classification:

    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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