News for the Hospitality Executive
First of its Kind, the 2012 India Hotel Payroll Cost
Study© Presented by
December 2012 - The 2012 India Hotel Payroll Cost Study© is a guide for hotel companies presented by HVS Executive Search, New Delhi provide you critical data on payroll trends in the hospitality business in India. Co-authored by Natwar Nagar, Managing Director, HVS Executive Search and Anupama Jaiswal, Senior Associate, this report establishes benchmarks for hotel owners and operators, to create a better understanding of payroll cost and productivity ratios across market positioning and major Indian cities. This survey will assist upcoming hotels to plan their payroll budgets and aid existing hotels to review theirs, resulting in a more effective forecast of the bottomlines.
According to Nagar “This first-of-its-kind Report enables hotel owners and operators to manage compensation in a more strategic and more formulaic manner. HVS Executive Search has now created the building block for future compensation strategies.”
Jaiswal introduces the Report by sharing “Over the next five years, we believe that demand for high quality professionals will continue to be a shortfall in India, thus leading to a steady escalation in compensation levels for the next decade. Development of a compensation strategy needs to be based on maintaining a balance between three critical elements - External Market Benchmark, Internal Parity and Employee Contribution.”
The complete 2012 India Hotel Payroll Cost Study© presents critical data related to payroll cost, with special emphasis on key revenue generating divisions, including Rooms and Food & Beverage departments. The survey received an encouraging response from 228 hotels across 66 cities throughout the country, thus reinforcing the industry’s interest and need to focus on critical parameters which will assist in managing their business effectively. All data was self-reported by participating hotels and thereafter analysed using models and analytical tools developed in-house by the HVS Executive Search team.
Click here for a complimentary copy of the Synopsis of the 2012 India Hotel Payroll Cost Study.
To purchase the complete survey, visit http://www.hvs.com/bookstore/#2012ihpcs.
HVS is the world’s leading consulting and services organisation focused on the hotel, restaurant, shared ownership, gaming and leisure industries. Established in 1980, the company performs more than 2,000 assignments a year for virtually every major industry participant. Through a worldwide network of 30 offices staffed by 300 industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information please visit www.hvs.com.
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