Opinion Articles

The Cost of Luxury Leadership: Luxury General Manager Pay in North America

In almost every single search I worked on this past decade, I can count this amongst the first three questions I am asked, both by clients as well as candidates: "What is the job paying?". My recent search for a luxury hotel General Manager in North America was no different. It seems luxury comes with a price tag depending on where in North America you are looking. During the course of the search I found significant disparity in pay amongst the candidate base.

What’s in a Name but Letters? - The Value of CMHS

Most serious-minded hospitality professionals understand the need for continuous learning and value the certifications acquired in their career as being emblematic of their personal growth and professional level of expertise. certifications build pride and promote higher levels of hospitality-specific knowledge in a language easily recognized industry wide. (This is just a sample list of industry sponsored certifications. There are many more, especially when brand-specific training programs are included.)

Zap the Gap! | How to Work with Multiple Generations

The people we encounter on the job today come in at least four generational flavors. Each generation comes with a unique set of expectations and perceptions and each has a different motivation. These differences can lead to a dynamic union or a combative conflict. You can adapt your approach to the generation or generations with whom you’re working to make the most of these differences and minimize the conflicts when you know what motivates and drives each generation. Companies who adjust approaches based on generational preferences create better working environments.

HOTEL CEO Pay - The Hot Potato

Just when you thought that nothing else could be written about CEO pay, the financial crisis brought it back to the forefront. Shareholders and legislators screamed about pay-for-performance like never before. Congress even passed a new bill that gives shareholders a right to vote on executive pay. Hotel CEOs have not been the poster child of excessive pay but there are plenty of reasons why they should examine our yearly analysis. We know that shareholders and media pundits will be reading it very carefully. In its 16th annual CEO survey HVS Executive Search included thirty companies, down one from last year. With private equity and hedge funds looking for bargains, we suspect that this trend will continue.