As organizations balance the effects of the recession, hospitality companies see similar pay range adjustments than last year while the time between adjustments grows longer, according to the 2011 Compensation Data Hospitality results. The actual pay range adjustment of 1.3 percent in 2011 remained the same since last year, but came in below the projected 1.8 percent for this year.
Pay range adjustments are beginning to occur less often, with an average of 20.3 months since the last adjustment reported this year. In 2010, participating organizations indicated waiting 15.7 months between adjustments. However, timing varies among industry categories. Casinos reported 21.8 months since the last adjustment, but resorts waited 17.3 months to adjust pay ranges.
“In light of the volatile economy, many employers are continuing to stay cautious,” said Amy Kaminski, director of marketing for Compdata Surveys, the nation’s leading pay and benefits survey data provider. “A conservative approach may soon become the norm instead of the exception for many organizations.”
Overall, hospitality organizations vary in how they treat employees going over the range maximum. According to the results, almost 65 percent of hospitality organizations reported withholding increases. However, 81.6 percent of participating casinos reported withholding increases while 44.4 percent of hotels did so this year. The results also indicated nearly 51 percent of hospitality companies offered lump sum increases in 2011.
About the Survey
Compensation Data 2011 Hospitality surveyed more than 100 industry-specific job titles and 350 benchmark titles ranging from entry-level to top executives. Data was collected from nearly 200 hospitality employers reporting on more than 2,500 locations across the country. The results provide a comprehensive summary of pay data, benefit information and pay practices with an effective date of March 1, 2011.
Compdata Surveys is the nation’s leading compensation and benefits survey data provider. Thousands of U.S. organizations provide data each year ensuring the reliability of our results. Compdata Surveys has been providing comprehensive data at affordable prices to organizations from coast to coast since 1988. For more information about our compensation and benefit surveys, contact Michelle Willis at (800) 300-9570.