Avik Bhattacharya
COVID-19 Business Disruptions: What’s in Store for the Hospitality Industry?
Avik Bhattacharya | March 31, 2020
By Avik Bhattacharya The COVID-19 pandemic is dealing a crippling blow to the hospitality and aviation industry. International borders are being closed, nationwide curfews have been implemented, flights have been grounded and some hotels are forced by law to close temporarily. The number of reservations is rapidly going down and revenue losses for the entire Indian hospitality industry are currently estimated between USD 5.5 billion to USD 6.2 billion. It is anticipated that the hospitality industry could take years to recover from the COVID-19 pandemic and the situation will likely get worse before it gets better. Companies that have ...
Talent Management Strategy: Are “People” Your Most Important Asset?
Avik Bhattacharya | March 26, 2020
By Avik Bhattacharya We often come across the term in organizations that People are our greatest asset, and if developed in the right manner, can be our defining competitive advantage. However, this is not the case. Companies and organizations across all sizes, industries, and sectors invest a significant amount of time and resources to hire, motivate, train, retain, and eventually let-go employees. Glassdoor estimates an average company in the United States spends about $4,000 to hire a new employee, taking up to 52 days to fill a position. Once an employee joins your company, MIT Sloan suggests it takes them 8 to 26 weeks to achiev...
