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Reward Strategy for Hotel : : (Employee View (Purchasing Power, Felt to be…
Reward Strategy for Hotel
: :
Objective
Attract and retain suitable employees
Maintain or improve levels of employee performance
Comply with employment legislation
Employee View
Purchasing Power
Felt to be fair
Rights
Relativities
Recognition
Composition
Ways to Increase Tips
Tips are the extra amount given by guests to the employees after a good service.
Server introduction in a genuine and professional manner
Smiling at customers
Entertaining customers
Calling customer by name
Employer View
Prestige
Competition
Control
Motivation and performance
Cost
Learning and Development Strategy
Coaching and mentoring
L&D Initiatives
Succession Planing
Social networking
Recognition
Perfermance Management
Reward Strategy
Pay levels
Reward structure
Benefit Plan
Intensive
Cash bonuses
Non-cash bonuses
Recognition