Salary, bonus and remuneration policies at New World Saigon Hotel

Một phần của tài liệu Solutions to improve work motivation of front office employees at new world saigon hotel phan thi xuan hoa (Trang 54 - 59)

CHAPTER 2: THE CURRENT SITUATION FRONT OFFICE EMPLOYEES WORK

3. OVERALL ASSESSMENT OF MOTIVATION AT NEW WORLD SAIGON HOTEL

3.1. Salary, bonus and remuneration policies at New World Saigon Hotel

Hotel:

Working Condition:

Working hours:

44 hours/week 5 days work/week 2 day-off/week Meal break: 45 minutes/duty shift Night shift allowance: 30% of basic salary per duty

LEAVE:

Annual leave: based on length of service (LOS) of valid contract:

 1 year < LOS = 3 years : 12 days/year

 > 3 years < LOS = 5 years: 14 days/year

 > 5 years < LOS = 10 years: 18 days/year

 >10 years < LOS : 20 days/year

Public holiday: 10 days per year as below:

 1 day of New Year Day: 1 January

 5 days of Lunar New Year

 1 day of Hung King’s Anniversary: 10 March of Lunar Calendar

 1 day of Victory Day: 30 April

 1 day of International Labor Day: 1 May

 1 day of National Day: 2 September

Sick leave:

Associate herself/himself:

 75% salary entitlement for sick leave day

 30 days in a year: payment for social insurance <15 years

 40 days in a year: 15 years<= payment for social insurance < 30 years

 60 days in a year: 30 years<= payment for social insurance Associate’s Children:

 75% salary entitlement for sick leave day

 20 days in a year if the child is under 3 years old

 15 days in a year if the child is from 3 to under 7 years old.

 When either mother or father is run of sick leave and their child is still sick, the other can continue taking sick leave (both parents contribute insurance)

Maternity leave:

 Maternity leave: 6 months

 Maternity salary: 6 months + 2 months of government minimum salary rate effective from 01 July 2018 (currently valued of VND 2,780,000)

 5 days in 5 separate months for pregnancy check-up

Marriage leaves: 03 days (associate own marriage) 01 day (associate’s children marriage)

Bereavement leave: If the following relative pass away:

 Parents, Parent’s in-laws, spouse or children: 03 days

 Funeral visit and condolence package valued at VND 1,500,000.

MEDICAL:

1. Hotel Clinic: first aid service provided.

2. Pre-employment medical checkup fee reimbursement upon successful pass of probation period

3. Annual compulsory medical check-up INSURANCE

Contribution based on basic salary

Social Insurance

Health Insurance

Unemployment/

Accident and Sickness Insurance

Total

By the hotel 17% 3% Unemployment: 1%

Accident and Sickness:

0.5%

21,5%

By the asscociate

8% 1,5% 1% 10,5%

ASSOCIATES FACILITIES

1. Free motorbike parking 2. Free duty meal served at Associates Cafeteria 3. Uniform inclusive of shoes and uniform laundry service 4. Work attire allowance

5. Locker rooms 6. Discount on the following:

50% discount for food, alcoholic and non-alcoholic beverages at all hotel outlets for a party of up twenty (20) people including children aged from 6 years old and above.

The associate must be one of the guests dining for the discount to apply.

For buffets, children aged from 6 to 11 years old are offered 20% discount off the published children’s buffet rack rates.

20% discount for banquet functions (full package). The associate should be one of the main organizers who organize the party event for him/herself or core family including spouse and children, parents, and spouse’s parents.

30% discount for all pastry products at the hotel bakery shop. Limited to 4 cakes a month per associate.

No discount will be given on special promotions or discounted menus such as Christmas; Thanksgiving, Mother/Father Day, Tet, Dim Sum promotion, etc.

Reservation should be at least 24 hours in advance with the restaurant subject to availability and hotel operations. All bookings should be made directly to respective hotel outlet.

SERVICE CHARGE, BONUSES & GIFTS:

1. Monthly Service Charge: equal for every local ate and based on hotel business. No service charge for sick leave, maternity leave and no pay periods.

2. Public Holiday bonus: USD 35 per holiday of the following celebration:

 New Year Day

 National Day

 King Hung’s Ceremony

 Victory Day

 Labor Day

 Lunar New Year

3. Guaranteed Year End Bonus: 1month basic salary or pro-rata for less than a year of service.

4. Hospitalized visit gift: VND 1,000,000 in cash.

5. Wedding Gift: VND 1,000,000 cash per associate and a congratulations card 6. Birthday: An 8-inch birthday cake and card on associates’ birthday

7. Mid – Autumn Festival: A moon cake set of for each depending on hotel business re

8. Twelve complimentary room nights per year in cross brand hotels of Rosewood.

ASSOCIATES ACTIVITES:

1. Annual outing trips for all associates and their families jointly organized with Trade Union based on hotel budget acceptable.

2. Associate Year-end Party

4. Corporate Social Responsibility Actives 5. Bi-monthly Associate Celebration

SERVICE AWARDS:

Years of Service

Award Detail

1 Year All Corporate Offices and Managing Directors

Presentation of Certificate of Service signed by CEO.

All Hotels Associates (except for3 GM/MD) Presentation of Certificate of Service signed by Managing

Directors 5 Years A solid silver coin with a diameter of 1.8 cm (~7g)

Additional 2 days of full paid time-off for the anniversary

year only 10 Years A solid silver coin with a diameter of 2.5 cm (~11g)

Additional 3 days of full paid time-off for the anniversary

year only 15 Years A solid silver coin with a diameter of 3 cm (~13.5g)

Additional 4 days of full paid time-off for the anniversary

year only 20 Years A solid silver coin with a diameter of 3 cm (~13.5g)

It should have a minimum value of HKD 8,000/USD 1,000 Additional 5 days of full paid time – off for the anniversary

year only 25 Years and

every 5 years thereafter

A solid gold coin with the value increased by HKD 2,000 – for every five years of service (i.e. HKD 10,000- for 25 years, HKD 12,000 for years…) (for every 5 years:

diameter: increase by 5mm; weight: increase by ~3.3g) Additional 5 days of full paid time-off for the anniversary year only

In general, salary, bonus and welfare regimes are always improved by the hotel management to provide the good benefits for all of staffs. Total day offs and annual leave of employees have been adjusted reasonable. Hotel organizes many programs for staffs to active. The work of encouragement and reward has more improvements.

Fully pay social insurance, labor health insurance according to regulations, settle compensation policies for employees such as: sickness, maternity, retirement, unemployment benefits, fatal disease support…

Một phần của tài liệu Solutions to improve work motivation of front office employees at new world saigon hotel phan thi xuan hoa (Trang 54 - 59)

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