The HSMAI Foundation announced the release of the 2nd Annual State of Talent report! This report dives into eight talent-related trends we have identified as key considerations for attracting new talent, developing emerging talent, and engaging existing talent. Within each trend, we offer resources so you can learn more and actionable advice to leverage within your company. At our recent Foundation Board and America’s Board meetings, these talent trends were reinforced repeatedly.
The HSMAI Foundation turned our focus to the need for talent in 2018, when talent shortages were looming. We have spent the last four years watching our industry grapple with talent challenges while surviving the worst disruption in travel in nearly 100 years. Talent shortages continue to drive decisions as hotel commercial teams meet and surpass 2019 figures.
This report highlights eight positive trends that are impacting sales, marketing, and revenue optimization departments and the talent that makes them tick. Each one is a tribute to those who figured it out and kept moving forward in the belief that people need to travel, to see unfamiliar places, visit friends and family, and to explore and experience what life has to offer.
The eight trends highlighted in the report are:
- Mental health, safety, and wellbeing are essential.
- Corporate culture and values matter.
- Commercial strategy accelerates.
- Collaboration is crucial.
- New talent pipelines require nurturing.
- Development reskilling and upskilling gain importance.
- Marketing professionals help in recruitment and retention.
- Flexible work is here to stay.
We believe the State of Talent report is a must-read for companies looking to attract, develop, and retain top talent. We hope you find this report valuable and look forward to continued dialogue.
Robert A. Gilbert, CHME, CHBA, is the President and CEO of Hospitality Sales & Marketing Association International (HSMAI). Connect with Bob on LinkedIn.