MONTHLY REMUNERATION
The impact of the downturn on salaries can be seen when compared to the 2009 survey. Those earning less than US $1500 rose from 9.5% of respondents to 12.7%. Furthermore, those earning $1500 to $2000 increased from 21.8% to 22.4%, while those earning $3000 to $4500 dropped from 18.7% to 16.6%.
However, while it could be argued that many middle-range earners witnessed salary decreases, there were significant gains in the high-earner categories.
The number of respondents earning $7500 to $10,500 increased from 6.7% to 13.7%. Some possible causes of the apparent drop in mid-range salaries could be explained by mid-management redundancies and a pushing of salaries both up and down with job title repositioning.
When looking at the competitiveness of their salaries, 66.5% of respondents thought their pay was average for the region, however, much like the 2009 survey revealed, 46.2% believed when compared to their global counterparts, their pay was below average.
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PAY RISES AND PROMOTIONS
Despite many people having a year they would like to forget, a lucky 49.3% received a pay rise in the last 12 months. Just over a quarter of respondents (26.9%) were also promoted in the same period.
However, for more than half of those who took the survey (52.3%) it has been more than two years since they were last promoted.
A further 40.6% are assuming they will be getting a promotion within the next year, with 36% thinking they will be promoted between one and two years.
A rather pessimistic/realistic/lazy 8.1% concluded it will be more than three years before they expect a promotion. However, this figure includes those at the top of the pile!
WORKING CONDITIONS
It is very rare that a hospitality job is ‘nine to five’ and 65% of respondents work more than 50 hours a week, with 29.9% working 40 to 50 hours. However, these figures represent a drop from 67.5% and 28% respectively last year.
Furthermore, those working less than 30 hours a week rose from 0.6% to 1%.
Although these are certainly long hours, 71.9% of respondents received more than 25 days’ holiday a year, a further 17.9% claiming 21 to 25 days’ holiday.
EMPLOYEE SENTIMENT
Employee sentiment has produced a mixed bag of results when compared to last year’s survey.
The good news is that those looking to the future with complete confidence has risen from 45.3% to 51.6%. Almost 40% of respondents in 2009 said they felt less secure than they did six months before, but the 2010 survey has revealed that 15.2% feel more secure than they did 12 months ago.
Interestingly, the number of people who are anxious over keeping their jobs has increased from 8.8% in 2009 to 12.5%. However, this was offset by a reduction in those who believe they will be made redundant in the next six months from 3.7% to 1.6% and a drop in those who have already been told they will be made redundant from 2.7% to 1.1%.
While 34.2% said they would leave their current job for a higher salary, unsurprisingly this figure rose to 55.8% if you only look at those who thought their salary was below average for the region.