Essay on Increase Employee´s Salary in Hotel Prag Continental

The hospitality industry is a very lucrative and rewarding career choice. Choosing a career in this field is not for the faint at heart. A career in this industry requires an individual that is ambitious, self-motivated, and has a charismatic personality. However, the hard work comes with many personal and financial rewards. Hospitality covers all careers that can come underneath the lodging, restaurants, event planning, theme parks, transportation, and tourism. However, this paper will go in depth explaining the role of general management, growth of employment, and human

* Salary – This is your basic hourly rate which you will be paid per hour you work not including breaks

1. One reason for the high turnover rate of hospitality staff is the fact that many hospitality jobs do not pay well. Personnel usually begin at a lowest wage rate or below which does not fascinate top eminence long-term employees because these employees are always looking for a better paying position. Situations that pay below tiniest net depend entirely on customer satisfaction and liberality. “Tips”. Around the world, the average beginning wait staff personnel is paid $2.15 per hour by their employer. The rest of their revenue is based pay on the urge of their customers. Monetary turn-downs mean fewer consumers, which in turn shrinkage is wage potential. Add this to the fact that many hospitality positions are seasonal and it is not hard to see why hospitality staff turnover can reach high rates quickly.

In a free market, such as the one used in the United States of America, competition between companies is cutthroat as businesses look for every possible way to have the edge over competitors. One of the major ways that businesses stay ahead of the competition is attracting and retaining the most talented employees. It is common practice for companies in the United States of America to provide several non-wage compensations to employees with the aim of sweetening the employment and reducing turnover (entrepreneur.com, n.d). Employees have come to appreciate the benefits offered by companies and consider benefits just as important as their salary.

As we discussed in class, every business is faced with these issues and they are important to managers making strategic decisions. One of the first things learned about business is that if there is no demand for a good or service, the firm that provides it will not continue to exist. Over time the hotel industry has continued to change with market conditions and make itself attractive to business

Giving benefits to the employee, especially health insurance, it’s extremely important. In the report, the writer talked about the importance of worker retraining and how this affect positively by enjoying high real wages and low unemployment. I believe that maintaining the employees happy is very good for the company, and for the economy too. Nowadays, it’s very difficult to find jobs, so if a person quits from his/her job because he/she is not happy there, it would be very hard to find a new job; and also it would be very costly to the company to recruit new employees and train

Employee benefits are seen as values incentives that will retain their employees (Ambrose, 2012). If employees are willing to accept a reduced salary, they must be rewarded with additional benefits to help them save money (Ambrose, 2012). Some organizations, like for-profit organization, believe in reward top managers for their hard work and intentionally forget about the larger group of individuals who help administer the organization (Ambrose, 2012). Like any employer, employees are interested in making a good salary and saving money on expenses that could be reduced through employee benefits (Samuel,

Because of this, the jobs are more secure, service-oriented and, in general, more productive. Moreover, the main result lies at the expense of well-chosen strategy, «Hyatt» well ahead of its competitors. At the heart of the corporate principles of the company have the task of giving employees the opportunity to grow by providing opportunities for growth in a career, not just a work in Hyatt hotels and resorts. Compared with the company Marriott, Hyatt provides more opportunities for development and training of its staff. It does not just "values" of its employees, but also the "grows" them, guiding them on the initial steps to the top of the career ladder.

a good employer. Hence the employee retention rate is very low. The purpose of this report is to propose a

In order to amplify its potential, the government gave contract to change RDH to Hotel International (HI), a reputed global management organization. The new management (HI) took over and started implement the changes to meet the international standards. But the employees could not go under the sudden changes because of their habit of traditional way of working and without having reasonable answers to their questions. This made them feels pressurized and moreover, the policies and procedures implemented were perceived as against the local

However, the operations of first month at the Portman Hotel was as not as managers and PVs expected. All PVs expected they could offer guests what the guests wanted, but most of the PVs are doing cleaning which is not what they want to do before they decided to work here. Those who saw this position as a ground-floor entry job into an exciting new concept in the hotel business were disillusioned with the hotel's strategy.

As a social and competitive responsibility the organizations are coming up with numerous strategies in order to retain the employees. For the sake of smooth running of organization, expenses involved and to avoid whole hectic exercise of recruitment HR wish to retain the employees. Certain major strategies taken up by managements are like compensation which constitutes the largest part in employee retention. Though it varies from organization to organization as per their nature and status, still this remains as the highest expectation of employee. Attractive and sound perks always lure the employees to stick to the organization. Salary and monthly wages which include basic salary, house rent, dearness allowance contributory provident fund etc. with time to time bonus, holidays, trips, leave travel concessions constitutes the benefits demanded and expected by employees. With this these days long term incentives like stock grants and stock options are there. Health insurance and medical grants also contribute to retention strategy of the organizations. Other than this various facilities like employee assistance programmes, leaves for educational programs, legal aid, psychological counselling, day care for children of employees, discount in company products

Managing employee pay increases can involve a variety of immeasurable strategies that almost will certainly vary from organization to organization. Some companies believe establishing a budget to manage increased wages put the organization in control of the operating expenses and can better predict the impact on the bottom-line. While other organization subscribe to the theory of allowing department managers to create their budget for what their areas and plan pay increase by explaining how pay increase will impact the operating budget it’s how it will continue to grow the company’s goals. The company approves or revises that plan based on funds availability.

This report is going to present the importance of planning, recruitment and selection, training and development, reward management in the human resource management of hotel industry. For detailed consideration,

A lot of hotels think that the higher education, the stronger ability. Therefore, those hotels always focus on those employees who have high education, and give them higher position and more training, often send them to study and investigate. And those hostellers think that only they can bring benefits for the hotels, while ignore the importance of primary-level organizations. Thus, sometimes, the primary-level employees think their abilities cannot be confirmed and their jobs cannot meet their sense of achievement. Finally, in order to find a leader who can accept their abilities and get sense of achievement, they choose quit their job, and change another one.