The Current HR Practices of Hilton Worldwide Research Paper

The Current HR Practices of Hilton Worldwide - Research Paper Example This report examines the current HR practices of Hilton Worldwide and critically evaluates how the company has been influenced by its environments on the human resource policies of the company. Hilton Worldwide: Company Profile Hilton Hotel, now known as Hilton Worldwide, has been founded by Conard Hilton in 1919 in Texas has now emerged to be the fastest growing hotel chain to attract travellers, partners, team members and others for their preferred place for entertainment and leisure. According to Statista (2012), with Hilton’s major focuses on property expansion and other management strategies including strategic HRM, the company remains to be the fourth largest to hold the market share just behind intercontinental, Marriot and Accor hotels. It has now more than 3800 hotels and resorts in more than 90 countries with more than 630,000 rooms. It proposes to beat its competitors as it is now fastest growing in terms of revenues, room-occupancy and customer loyalties (Hiltonint ernational.com, 2012). Hilton’s success has been mainly driven by on-going property expansion by which it has continually been expanding its rooms, floor-space and as a result customer base too. Despite the economic recession in recent years, it was furthering its property expansion. In 2009 alone, it added more than 300 new hotels with more than 45,000 rooms across the world. In 2008, Hilton opened 327 new properties (eturbonews.com, 2010). Hilton’s current approach to HRM Organisations that invest heavily on innovative training and development is found to be very successful in achieving high performance and also in achieving the organizational goals (Noe, 2002, p. 7). Training and development programs, that may vary from firm to firm, are highly effective means for enhancing, motivating and developing people’s skills, knowledge and talent.