The salaries of hotel employees have increased by 20 pct-25 pct in the last one year. According to the latest report of HVS International, a hotel consulting firm, salaries at the managerial level have taken a quantum leap, anywhere between 60 pct-100 pct in the last three years and are expected to rise further. The shortage of manpower, especially of skilled manpower for the hotel industry, is one of the main reasons for the hike in salaries. According to the HR heads of various hotels in India, only 20 pct of fresh hotel management graduates choose to work in hotels, with a major chunk being employed by airlines and BPOs. With this kind of demand, salaries will further rise. As salaries are rising and the industry is facing manpower crunch, various solutions are being considered by industry heads.
Source: 30-10-06 The Economic Times New Delhi Edition
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Good Article! Each and every one has to try out their best to control this recession affected fields and balance to enhance it. Good luck!
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