Did you know that for human resources jobs, hotel management jobs and hospitality jobs ONE little secret can literally double your lifetime hotel management salary? It’s true and it’s likely not what you think.
1st we will discuss some of those need to know items about your hotel management salary, human resources the hospitality industry and what to expect in your field. Ten below we will reveal the secret that could possibly make you more money over the course of your hotel management career than any other single factor.
Hotel management careers and or Human Resources careers (HR) have now become some of the most attractive professions with the increasing trend of hostel business. And with that the average hotel management salary has increased and become much more stable. At present not only five star and luxurious hotels appoint managers but also a wide range of small and medium size hotels appoints hotel managers, which ultimately increases the demand for hotel managers.
It has been estimated that around 47% of the total hotel managers are female and remaining 57% are male, the ratio varies from country to country. One of the interesting things is what a hotel managers draws salary on average or what salary a hotel management gets, the answer is not as simple as the question.
A hotel management salary depends upon a number of factors such as, location of hotel, city of hotel and the status of the hotel, obviously a five star hotel will be paying much higher than a medium or a small size hotel, another thing which determine a hotel management salary is individual’s capability and experience which play a vital role in the determination of his or her salary, it is possible that same organization may offer different salary to managers based on their high quality management skills.
In the hospitality career side of hostelling business managers remuneration is not always based upon a fix pay but a combination of fix plus variable pay, because it shows and helps manager to improve their abilities and win the competition to get a higher reward in this challenging field. Variable pay includes profit sharing with managers, the more business managers bring to the hotel the more share of profit they earn which motivate them to work hard and bring greater business and ultimately earn large sum of money. Usually salaries of the managers are not usually comprised of cash but also in kind which includes hotel maintained car, medical insurance, other loans and benefits, memberships in clubs etc.
Organizations may consider while selecting or appointing managers his past experience and personal relationship, as the more he will have better personal relationship with clients the more business he will bring to the hotel. The demand of hotel managers are increasing everyday because now it has been a trend even for middle class families to go out for dinners and which ultimately expanding hotel business. This is a positive sign when it comes to the flourishing of this vast business. Last but not the least, which really affects a manager’s personality is the effective behavioral and management skills and dedication towards work decides the ultimate career of the person in management professional, a manager with good communication skills can really have bright future, Respect, a good relationships with many people around all these things will really effect his performance appraisal.
Now for the secret
Believe it or not the single biggest factor that will affect your hotel management salary over the course of your hotel management career is LOCATION!
Now we aren’t saying that merely one end of town or one particular street is better than any other. What we are saying is what state and what city you choose is going to be your single biggest determining factor in your lifetime hotel management salary.
As an example: If you landed your position in the top paying state verses the lowest paying state the difference is not just double. The difference is nearly triple!
Yes, that’s for the same qualifications and same education. And yes we said nearly triple.
Out of respect for the residents we won’t list some of the lowest paying cities or states but a few of the highest paying are; Hawaii, Nevada, New York and some areas of California.
So, do your due diligence when it comes to deciding where it is your will want to land your career and your income will reflect it and your pocketbook will thank you for it.