Hoteliers Watching Pay Levels Closely
Recent WageWatch poll of hotels showed four out of five hotels were not going to provide their managers with any pay increases at all this year, they are more likely to provide hourly employees with modest pay increases.
Scottsdale, AZ, September 18, 2009 --(PR.com)-- During tough times hotel owners are cutting back on their biggest line item expense – payroll. But they are still in need of reliable pay data and are participating in the leading hotel-industry compensation survey in record numbers. While a WageWatch poll of hotels in summer 2009 showed that four of five hotels were not going to provide their managers with any pay increases at all this year, they are more likely to provide hourly employees with modest pay increases.
WageWatch’s Hospitality Industry Compensation Surveys have data for 3,500 hotel, casino, vacation ownership, and golf properties across the United States, an increase of 35% over 2008. As interest in trimming expenses continues, many state lodging associations are helping their members by providing wage and salary information to ensure the members stay abreast of market trends. This year, eight state lodging associations worked with WageWatch to provide local, current compensation data reports to help them make tough decisions in tough times. Special reports were released this month for Alabama, Arizona, California, Georgia, Maryland, New York, Tennessee, and Texas.
Since 2006, three managerial positions that experienced large gains were Chief Engineer, General Manager, and Security Director. Other managerial jobs, such as Executive Director and Food and Beverage Director, have seen average pay levels stay flat during that same time period. “Hospitality companies have maintained tight controls on pay for well over a year now. But we also hear that many companies are using labor market information to ensure that when the demand does increase for certain skill sets, they are not so behind the curve that they risk having employees being stolen away by competitors and turnover sky-rocketing again,” said Travis Pullen, Director of Sales and Marketing for WageWatch.
To learn more about the WageWatch hospitality industry surveys, participate, or to view a one-minute video demonstration, visit www.WageWatch.com and select the ‘Hospitality’ from the survey list, or call directly (888) 330-9243.
About Wage Watch
Wagewatch (www.wagewatch.com), the leading Web-based source for compensation and benefits data, provides instantly accessible industry wage, salary and benefits data, delivered to any Internet-enabled device. WageWatch surveys industries and employer associations and provides companies with the data they need to make their compensation and benefits decisions. For more information on WageWatch, visit www.wagewatch.com or call 888-330-9243.
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WageWatch’s Hospitality Industry Compensation Surveys have data for 3,500 hotel, casino, vacation ownership, and golf properties across the United States, an increase of 35% over 2008. As interest in trimming expenses continues, many state lodging associations are helping their members by providing wage and salary information to ensure the members stay abreast of market trends. This year, eight state lodging associations worked with WageWatch to provide local, current compensation data reports to help them make tough decisions in tough times. Special reports were released this month for Alabama, Arizona, California, Georgia, Maryland, New York, Tennessee, and Texas.
Since 2006, three managerial positions that experienced large gains were Chief Engineer, General Manager, and Security Director. Other managerial jobs, such as Executive Director and Food and Beverage Director, have seen average pay levels stay flat during that same time period. “Hospitality companies have maintained tight controls on pay for well over a year now. But we also hear that many companies are using labor market information to ensure that when the demand does increase for certain skill sets, they are not so behind the curve that they risk having employees being stolen away by competitors and turnover sky-rocketing again,” said Travis Pullen, Director of Sales and Marketing for WageWatch.
To learn more about the WageWatch hospitality industry surveys, participate, or to view a one-minute video demonstration, visit www.WageWatch.com and select the ‘Hospitality’ from the survey list, or call directly (888) 330-9243.
About Wage Watch
Wagewatch (www.wagewatch.com), the leading Web-based source for compensation and benefits data, provides instantly accessible industry wage, salary and benefits data, delivered to any Internet-enabled device. WageWatch surveys industries and employer associations and provides companies with the data they need to make their compensation and benefits decisions. For more information on WageWatch, visit www.wagewatch.com or call 888-330-9243.
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WageWatch, Inc.
Max Lidster
888-330-9243x209
www.wagewatch.com
Max Lidster
888-330-9243x209
www.wagewatch.com
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