The impact of long-term Internships on Employee Retention in the Hospitality Industry
It’s no secret that the hospitality industry has a high turnover rate. In fact, according to the?Bureau of Labor Statistics, the hospitality industry had a 130.7% turnover rate in 2020. Even before the pandemic, the rate was 78.9%, a significantly high percentage. With such a high turnover rate, it’s no wonder that the hospitality industry is always looking for ways to improve employee retention.
So, if you’re looking for ways to improve employee retention in your hospitality business, consider offering long-term internships. These internships will allow interns to learn their job and develop strong relationships with co-workers, leading to higher satisfaction and decreased turnover.
Benefits of long-term internships for the hospitality industry
Employers who invest in their interns’ development are more likely to have a pool of qualified candidates to choose from when positions become available. This is because interns who have completed a long-term internship will have a better understanding of what the job entails and will be better equipped to perform it effectively.
Benefits of long-term internships for the hospitality students
The hospitality industry is a notoriously challenging one to break into. With so many qualified applicants competing for a limited number of positions, it can be difficult for new graduates to get their foot in the door. One way to improve your chances of landing a job in the hospitality industry is by completing a long-term internship.
For interns, long-term training allows them to learn about the industry and gain practical experience in their field. It also allows them to build their network of contacts and develop professional relationships.?
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Challenges of implementing long-term internships in the hospitality industry
While long-term internships can help improve employee retention in the hospitality industry, some challenges need to be considered when implementing them. These include:
Best practices for implementing long-term internships in the hospitality industry
There are a few best practices to keep in mind when implementing long-term internships in the hospitality industry:
Offering long-term internships is just one way that the hospitality industry can improve employee retention. However, it is a proven method that can help to attract and retain top talent.
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