Hotel Managers want fair terms on bonuses
Magazin • 19.8.2005 • 508
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Hotel Managers want fair terms on bonuses

19.8.2005

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Freezing of fixed salaries

19.8.2005

Augsburg. The trend towards performance related manager salaries in the hotel industry is becoming increasingly widespread. This was confirmed by an extensive survey carried out by a German Staff Consultancy firm. 93 percent of the 186 representatives of top management who were questioned thought that variable payment models, that is, fixed salary plus performance related bonuses, would take further hold over the next few years. Only two years ago the percentage of respondents holding the same opinion was four points lower. This trend is confirmed by other personnel consultants and headhunters, too.

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