16 years
Hey Ita,
Would you mind to post up the whole thing? I bought Peter a Schweinshaxen when he interviewed me. I was told to get the research results in return! :D
Hey this is my first time posting here. It has been good to read through the archives. I didn't see anything that could help me budget for the staff costs. What is a good general manager wage, cleaner, receptionist, (do we pay night reception different?), assistent manager wages? I know that throughout the world wages are different but just something to go on. There are websites that help me figure out differences in standard of living.
Thanks.
16 years
Hey Ita,
Would you mind to post up the whole thing? I bought Peter a Schweinshaxen when he interviewed me. I was told to get the research results in return! :D
16 years
Hi Santa Klaus :)
Two weeks ago I sent a copy of the full report to all STAY WYSE members and participants - including yourself. Please let me know if you haven't received this. As the study is a STAY WYSE member only benefit I am unable to post the full report on this site - I hope you appreciate this.
Thanks
Ita
16 years
Sorry - either nobody forwarded it to me ot it got stuck in my spam filter. Can you email it again?
klaus[at]wombats.at
Cheers!
16 years
Hi, what is STAYWYSE? I've heard of STAYOKAY, the current name of HI in the Netherlands, so I infer you must be the Independent Hostels equivalent???
16 years
Two weeks ago I sent a copy of the full report to all STAY WYSE members and participants - including yourself. Please let me know if you haven't received this. As the study is a STAY WYSE member only benefit I am unable to post the full report on this site - I hope you appreciate this.
Dear Ita,
We also supposed to participate the survey but never heard about the guy again (Maybe same e-mail problems?) . Is there any chance to have a look to that report though?
16 years
Hi, sorry to hear that. We will do a continuation of the study in 2009, so if you are interested in participating please drop me an email and I will add you on to the list.
In the meantime I can send you the presentation that was presented in Brooklyn to launch the report.
Thanks
15 years
I know this is an old posting but i almost had a heart attack to see $95K for a manager job! I'm with Klaus that we don't have anyone in that range either!
I think wage depends on a lot of factors including the size of the hostel...anyone got an idea what a regional manager of hostel chains might make when total beds come to 600 in major metro areas in USA and job includes lots of travel?
Also, anyone know of profit sharing or bonus plans for management?
15 years
Hi Ria,
I've developed a lot of incentive/bonus systems in the past and would offer this 1 piece of advice: What gets rewarded gets done
This may not sound very deep but trust me, most issues that arise in a principle:agency partnership are caused by people not understanding this. You need to be aware of any externalities that arise because of an incentive system. As an example, I worked at a major travel company that used to pay BDM staff bonuses based on new business generated for their region. Sounded good until they realised they were just churning clients from existing shops outside their region to ones inside their region. BDM got paid bonuses for churning (and losing) customers around regions and reducing company revenue!
If you do set up an incentive structure for a manager, ensure that
incentive + leadership + culture = company's goal
It all needs to align. Good luck.:)
Dave
15 years
I think wage depends on a lot of factors including the size of the hostel...anyone got an idea what a regional manager of hostel chains might make when total beds come to 600 in major metro areas in USA and job includes lots of travel?
That would be pretty much the job I have, except there are 1200 beds, not 600.
I make much less than $95k, but then I´m starkly underpaid! I guess it also depends how much that "regional manager" actually has to say. I could push around our hostel managers a lot more, but don´t do it because the more I would, the less they would feel responsible for their stuff.
If, on the other hand, the job descriptions of the actual hostel managers sound like that of a better secretary and the regional manager has to do all the important stuff, $95k doesn´t sound so crazy.
Also, anyone know of profit sharing or bonus plans for management?
Profit sharing is dangerous because you can always maximize short-term profits by reducing maintenance costs. Visit any hostel in the UK to see the result.
We pay our managers a bonus if they
A) have a Hostelworld average rating over 90% and
B) meet their budgets.
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