For the hospitality sector, especially food and beverage (F&B), the prospects of the new Green Visa initiative helping the industry to hire the best talents and thus bring down the current high employee turnover rate, saving millions of dollars annually for the industry, is what makes it extra appealing.
According to Dubai-based restaurateur Sanjeev Nanda, there are some significant advantages that come to the F&B industry with the introduction of new visa policies in the UAE. “The new visa program is bound to benefit a large number of people not just in the UAE, but also across the globe. As far as I can see, there are two significant advantages for the hospitality industry as the new visas continue to roll out,” he said.
Sanjeev Nanda continued, “First and foremost, the newly introduced Green Visa will allow a period of six months for employees to find a new job. This will enable both the job seekers and the employers to find the perfect match. Secondly, the new visa policies will lead to better numbers in terms of annual employee turnover, thus helping the industry save millions of dollars which are otherwise lost.”
Sanjeev Nanda, who is the brain behind Billionaire Mansion and Miss Tess restaurants in Taj Dubai, pointed out that the time crunch for finding jobs resulted from the previous visa norms in the emirates often led to poor choices. This in turn led to dissatisfaction among all factions – the employees, the employers, and the customers.
“This dissatisfaction manifested itself in multiple forms. Leading industry players often ended up losing talent and compromising on hiring the next best. The employees chose to leave the country over unfulfilling jobs, leading to a high attrition level. Short-term career choices incurred heavy expenditure on recruitment processes. The list is long,” he said.
Lauding the government over the new visa policies, Sanjeev Nanda said that it is a positive step in the direction of propelling the economy. He also pointed out that the six-month extension enabled by new visa programs are more stable in nature, and provides a perfect environment for reducing the employee turnover rate in the hospitality sector.
“The new visas being long-term initiatives provide a sense of stability and security. This is bound to boost the sustainable job sectors that support the middle class. At the same time, they appeal to the upper class as well through healthcare, tax benefits, and luxury. Combined together, all this can boost the country’s economy like never before,” quipped Sanjeev Nanda. Also read Restaurateur Sanjeev Nanda discusses the role of content in post-pandemic hospitality