The 2012 India Hotel Payroll Cost Study© presented by HVS Executive Search, India provides critical data on payroll trends in the hospitality business in India.

Co-authored by Natwar Nagar, Managing Director, HVS Executive Search and Anupama Jaiswal, Senior Associate, this report establishes benchmarks for hotel owners and operators, to create a better understanding of payroll cost and productivity ratios across market positioning and major Indian cities. This survey will assist upcoming hotels to plan their payroll budgets and aid existing hotels to review theirs, resulting in a more effective forecast of the bottomlines.

According to Nagar "This first-of-its-kind Report enables hotel owners and operators to manage compensation in a more strategic and more formulaic manner. HVS Executive Search has now created the building block for future compensation strategies."

Jaiswal introduces the Report by sharing "Over the next five years, we believe that demand for high quality professionals will continue to be a shortfall in India, thus leading to a steady escalation in compensation levels for the next decade. Development of a compensation strategy needs to be based on maintaining a balance between three critical elements - External Market Benchmark, Internal Parity and Employee Contribution."

The complete 2012 India Hotel Payroll Cost Study© presents critical data related to payroll cost, with special emphasis on key revenue generating divisions, including Rooms and Food & Beverage departments. The survey received an encouraging response from 228 hotels across 66 cities throughout the country, thus reinforcing the industry's interest and need to focus on critical parameters which will assist in managing their business effectively.

All data was self-reported by participating hotels and thereafter analysed using models and analytical tools developed in-house by the HVS Executive Search team.



To purchase the complete survey, visit www.hvs.com/bookstore/#2012ihpcs

About HVS:
HVS is the world's leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, leisure, and restaurant industries. Established in 1980, the company performs 2,500+ assignments each year for hotel and real estate owners, operators, and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of more than 30 offices and 450 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. HVS is Your Trusted Hospitality Advisor.