The compensation conundrum does the hospitality industry shortchange its employees - And itself?

Cornell Hotel and Restaurant Administration Quarterly

Volumn 42, Issue 4, 2001, Pages 70-76

  Sturman, Michael C ^a  

^a NONE

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EID: 27144482761     PISSN: 00108804     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0010-8804(01)80047-1     Document Type: Article

References (3)

1. The National Compensation Survey (NCS) is a survey of employee salaries, wages, and benefits conducted by the U.S. Department of Labor's Bureau of Labor Statistics, and can be found at http://stats.bls.gov/ comhome.htm. The survey provides data at local, regional, and national levels. The average pay in the services industry was less than the average pay of any other broad industry classification.
2. The Execucomp database, published by Standard and Poor's, includes data on the top-five executives' pay for companies in the S&P 500, S&P MidCap 400, and the S&P SmallCap 600. The average top-executive pay for those in services industries was less than the pay in mining and construction, manufacturing, transportation, wholesale and retail trades, and financial industries.
3. The Economic Census, produced by the U.S. Census Bureau, profiles the U.S. economy every five years from the national to the local level. Of the 18 categorizations of industries (e.g., mining, utilities, construction, education services, arts entertainment, recreation), the "accommodation and foodservices" industry had the lowest average total compensation.