The hospitality industry will likely never be the same again. This isn’t necessarily bad news, though. Right now, industry leaders are thinking about how to evolve their businesses—embracing innovation and planning ways to ensure stability and long-term success.
Recent TRG blog posts
8 Ways Technology Can Help Hotels Succeed In the Next Decade (Pt.1)
Posted by Rick Yvanovich on Fri, Mar 22, 2024
Blog Topics: Hospitality solutions
Is Your Company Facing These Hidden Succession Planning Flaws?
Posted by Mai Hoai Thu on Tue, Mar 19, 2024
What makes or breaks an organisation? For many, it comes down to leadership, but securing strong leadership relies on having the right people in place to take the reins of power over time.
Blog Topics: Talent Management
5 Technology Inventions that Changed the Hospitality Industry
Posted by Andrew Turton on Fri, Mar 8, 2024
The rapid development of technology continues to reshape the hospitality industry, with innovations like cloud-based software and mobile apps driving a new era of hyperautomation and hyperpersonalisation.
Blog Topics: Hospitality solutions, Cloud Computing, Digital Transformation
Financial Planning vs Budgeting vs Forecasting: A Quick Comparison
Posted by Rick Yvanovich on Fri, Mar 1, 2024
Planning, Budgeting, and Forecasting (PB&F) is one of the three management processes that constitute Enterprise Performance Management (EPM). We have presented the basic principles of EPM and its other two components in a previous post. In this article, we will dive deeper into the PB&F process and discuss the similarities and differences among financial planning, budgeting, and forecasting.
Blog Topics: Planning and Budgeting, CFOs, Financial consolidation, planning and reporting
Psychometric vs. Personality Assessments - Are They the Same?
Posted by Mai Hoai Thu on Wed, Feb 28, 2024
Numerous facets of a person's behaviour, cognitive preferences, and personality are evaluated and understood through valid assessments backed by scientific research. Two prominent examples of such evaluations are psychometric (for instance, Great People Inside's series of assessments) and personality (for instance, the Myers-Briggs Type Indicator, or MBTI) assessments.
Hang on, what are the differences between a psychometric assessment and a personality assessment? Are they interchangeable, or do they serve distinct purposes?
This blog post will deep dive into the fascinating world of these assessments, breaking down their distinct goals, methodologies, and applications.
Read more: Impacts of pre-hire assessments on candidate experience
Contents
Blog Topics: Talent Management
Infor Earns Prestigious Recognitions on Constellation ShortList 2024
Posted by Rick Yvanovich on Tue, Feb 27, 2024
Infor has just been listed on the prestigious Constellation Research ShortList, securing not one, not two, but three coveted spots, which are for Services-Centric Cloud ERP, Configure-Price-Quote (CPQ), and Enterprise Application Platforms (EAP).
Blog Topics: Cloud Computing, ERP, Digital Transformation
Best Practices for Implementing Cloud Financial Management in Hotels
Posted by Rick Yvanovich on Thu, Feb 8, 2024
Implementing new software can be a daunting task, especially when it comes to financial management in hotel businesses. However, with the right precautions and strategies in place, the process does not have to be overwhelming.
Blog Topics: Hospitality solutions, Financial Accounting Management Software, Cloud Computing
Key Criteria to Consider When Selecting Psychometric Assessments
Posted by Mai Hoai Thu on Tue, Feb 6, 2024
Psychometric assessments have become increasingly popular due to their ability to provide employers with valuable insights into their employees' abilities, personality traits, and values.
Blog Topics: Talent Management
Key to Exceptional Employee Experience with Psychometric Assessments
Posted by Mai Hoai Thu on Mon, Feb 5, 2024
It is becoming increasingly challenging to identify individuals who truly fit your team or role. Resumes and interviews are not enough for accurate consideration. But what if you could harness the power of science for deeper insights?
Blog Topics: Talent Management
3 Evolving Aspects of Leadership & Management in the Digital Age
Posted by Rick Yvanovich on Fri, Feb 2, 2024
In a world of constant change, the importance of leadership in business success is among a few things that will always hold. What may evolve, however, are how effective leadership is defined and which competencies of leaders and managers matter the most.
Blog Topics: Talent Management