Recent TRG blog posts

Budgeting is a cornerstone of financial planning in businesses. The traditional budgeting approach, with its roots in historical accounting practices, has been a mainstay in the corporate world. However, this method has faced criticism, particularly from proponents of more dynamic budgeting methods like Beyond Budgeting.

Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM), Financial Accounting Management Software

As globalisation continues to flourish and travel becomes more accessible, workplaces are experiencing an unprecedented level of diversity. This is particularly significant in the hospitality industry, where employees frequently interact with a diverse range of customers.

Blog Topics: Hospitality solutions, Talent Management

Creating an annual hotel budget is a crucial financial planning exercise that sets the foundation for achieving strategic goals and objectives. In this article, we will explore what a hotel budget entails, key steps in the budgeting process, best practices for format and preparation, and tips shared by hoteliers on effective budget allocation.

Read more: 5 Most Common Budgeting Approaches and Their Pros & Cons

Blog Topics: Hospitality solutions

Financial management lays the very foundation of a successful business. Likewise, the most successful hotels rely on fundamental financial management principles to manage their property profitably.

Blog Topics: Hospitality solutions, Financial Accounting Management Software, Infor SunSystems

Organisations nowadays have to keep themselves afloat with the ever-changing pace of the business world. The shifting movement is going towards a more collaborative, innovative, and team-based way of operating. As a result, top leaders need to take a more open approach in the workplace, in which every member of the team engages and contributes to the overall success.

Blog Topics: Talent Management

Unleashing the untapped potential of your team through talent management is not only essential but also the key to igniting innovation and driving profitability for organisations.

Blog Topics: Talent Management

What’s your personality type? ESTP, INTJ, INFJ, or maybe something else? If it all sounds familiar to you, most likely you have taken or heard about the Myers–Briggs Type Indicator (MBTI) model before. In fact, MBTI is possibly the world’s most popular and widely used personality assessment; roughly 2 million people take it annually. It is the most (over)hyped assessment, too.

Blog Topics: Talent Management

At the core, the relationships between mentors and mentees/ coaches and coachees are built on trust, respect, and confidentiality.

Blog Topics: Talent Management

A longstanding issue for hotel owners and managers is how to maximise revenue and occupancy rates despite the effects of seasonality. To be effective, revenue and yield management strategies need to consider seasonality, but all too often, hotels approach seasonality in blocks of time rather than looking at each day over a 365-day period, resulting in lost opportunities.

Learn more: Hospitality resource portal

Blog Topics: Hospitality solutions

In the last two articles, we discussed the advantages of diversity and inclusion in the workplace as well as some obstacles the HR department might face during the process of building a diverse, equal and inclusive environment. In the next step, we are going to sketch out a thorough plan that helps your organisation to achieve this goal.

Blog Topics: Talent Management