Sources of Revenue

Salaries

Since wages are the main issue of the employment agreement an extensive research is to be done concerning this subject. There are several factors that influence the wage calculation, one of which is minimum wage amount. It is set in order to guarantee payments and reduce poverty providing basic amount of money. According to the report of EUROSTAT (see figure. 1) 680 EUR is the minimum wage of July 2014. Tipped employees may be paid less than minimum wage if their tips are sufficient to ensure minimum wage is met.

Another important factor is the importance of the employee good performance. Of course, we are waiting the best attempt from our workers, however, some are more essential for the hotel and can hardly be dismissed or replaced. All the information that can help to make such decisions is included in the job description of employees.

A comparison of employment payment in the local market is also very important. We have to be sure, that wages offered by our hotel are attractive enough and at the same time are not extremely higher than the average amount.

In many cases minimum wage are modified for catering workers because of their tips or service charge earnings, as well as meals and accommodation.

Since, maximum working hours of the company is 48 per week overtime payment will be charged when this amount is exceeded and will include 1,5 hourly salary of the employee.

In many respects salary issue has a great power of employee motivation. As Torrington et all. note the employees have a strong sense of payment being appropriate to the work they are doing. Sometimes, if they feel underpaid their work performance will suffer in terms of late arrivals, bad attitude towards customers and co-workers or inappropriate appearance. Of course employees may also feel overpaid, in this case they may feel guilty or try to pretend to be more busy that is of no profit for the hotel. Therefore, we tried to calculate our salaries and wages taking into account all characteristics listed above. Table

Sources of Revenue

Agrelion hotel got different areas for generating revenue.

For example:

1. Rooms Revenue

2. Restaurant

3. Bar

4. Mini bar

5. Shops

6. Spa

7. Agriculture packages

8. Revenue from out-side guest

Дата добавления: 2015-11-16