Employees can be equally motivated by rewards that are meaningful but yet not monetary. Any number of bonus programs can be combined and tailored to meet your organization s needs. Each approach has its own unique advantages, risks, reasons for consideration and criteria for success. Below are some common approaches. The tables give a brief look at bonuses allocated to both corporate executives and property executives in the lodging industry.
Numbers represent a percentage of base salary.
Numbers represent a percentage of base salary. HVS Hospitality Compensation Exchange Survey Remember that bonuses are earned, not granted. There should be a direct correlation between bonus payments, job performance and goal attainment. HVS Executive Search is a Mineola, NY based human resources consulting firm. The firm is headed by Keith Kefgen, President, and Rosemary Mahoney, Director.