| |
Management Level Compensation Packages
|
Payroll Home » Compensation » Indian Industry » Hospitality Sector » Management Level Compensation
|
| |
|
|
Hospitality industry offers high packages. Although the basic salary in the sector is less as compared to other sectors but the incentives and perks offered are very high that makes the total amount a huge one. With relevant experience, diploma certification/degree provides for an added advantage for the individuals working in the hospitality industry.
Top management enjoys very high compensation packages in the hotel industry. The packages include basic salary, incentives and bonus. Due to immense competition packages are increasing at a high rate to attract and retain the talented workforce. | |
Big names such as Hyatt Regency, Leela Hotels, ITC Hotels, Oberoi Hotels are offering lucrative packages. In the tourism industry airlines such as Air India, Kingfisher, Jet Airways and Indian Airlines are offering higher packages to attract and retain best human resource.
Figure: Average Salary Offered to Top Management in Hotel Industry
Hospitality sector provides for varied compensation packages. For example, hotels located in center city and resort areas provide higher salary to their managers as compared to hotels located along highways or in the suburbs. In a study it was found that managers of a hotel located in center city earns an average of 125% more than the manager working at a highway hotel. Industry is expected to grow at the rate of 8% that predicts that compensation packages for the employees will also increase with the same pace.
|
| |
|
