The practise of strategic compensation in Malaysian five-star beach resort hotels
The development of a sound management and staff compensation plan is crucial for business success. This study assesses the relevance of strategic compensation in developing countries by investigating the strategic compensation practise in Malaysian five-star hotels. Focusing on managerial and non-ma...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Book Section |
| Language: | English |
| Published: |
ASEAN Universities Consortium of Enterpreneurship Education (AUCEE)
2010
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/2975/1/Pages_from_The_First_Seminar_on._Entrepreneurship_and_Social_Development_in_Asean3311.pdf |
| _version_ | 1825740066286206976 |
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| author | Ahmad, Rozila Scott, Noel Solnet, David |
| author2 | Ismail, Dahlan |
| author_facet | Ismail, Dahlan Ahmad, Rozila Scott, Noel Solnet, David |
| author_sort | Ahmad, Rozila |
| collection | UUM |
| description | The development of a sound management and staff compensation plan is crucial for business success. This study assesses the relevance of strategic compensation in developing countries by investigating the strategic compensation practise in Malaysian five-star hotels. Focusing on managerial and non-managerial employees, it finds that there is considerable variation in the
extent of strategic compensation adoption in these hotels despite the similarities of their target market, star rating and external environment. The adoption of strategic compensation also varies within the hotels to match the system with employees' perceived strategic value. While some
hotels adopt compensation based on seniority, others compensate managerial employees based on performance with some preference for the later. Although the findings raises some issues which requires future quantitative research, the present findings provide some suggestions on how to improve the compensation systems for five-star beach resort hotels in Malaysia and potentially in other countries with similar environment such as Thailand and Indonesia. |
| first_indexed | 2024-07-04T05:20:37Z |
| format | Book Section |
| id | uum-2975 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:20:37Z |
| publishDate | 2010 |
| publisher | ASEAN Universities Consortium of Enterpreneurship Education (AUCEE) |
| record_format | eprints |
| spelling | uum-29752016-04-24T06:41:45Z https://repo.uum.edu.my/id/eprint/2975/ The practise of strategic compensation in Malaysian five-star beach resort hotels Ahmad, Rozila Scott, Noel Solnet, David GV Recreation Leisure The development of a sound management and staff compensation plan is crucial for business success. This study assesses the relevance of strategic compensation in developing countries by investigating the strategic compensation practise in Malaysian five-star hotels. Focusing on managerial and non-managerial employees, it finds that there is considerable variation in the extent of strategic compensation adoption in these hotels despite the similarities of their target market, star rating and external environment. The adoption of strategic compensation also varies within the hotels to match the system with employees' perceived strategic value. While some hotels adopt compensation based on seniority, others compensate managerial employees based on performance with some preference for the later. Although the findings raises some issues which requires future quantitative research, the present findings provide some suggestions on how to improve the compensation systems for five-star beach resort hotels in Malaysia and potentially in other countries with similar environment such as Thailand and Indonesia. ASEAN Universities Consortium of Enterpreneurship Education (AUCEE) Ismail, Dahlan Yahya , Mohd Azlan Latif, Abdul Aziz Zalazilah, Mohd Hanizan Hamidon, Syahirah Jaafar, Mohd Khairi 2010 Book Section PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/2975/1/Pages_from_The_First_Seminar_on._Entrepreneurship_and_Social_Development_in_Asean3311.pdf Ahmad, Rozila and Scott, Noel and Solnet, David (2010) The practise of strategic compensation in Malaysian five-star beach resort hotels. In: The First Seminar On: Entrepreneurship and Societal Development in Asean (ISE-SODA 2010) "Achieving Regional Growth through Entrepreneurship Education", 27th February-1st March 2010, City Bayview Hotel Langkawi. ASEAN Universities Consortium of Enterpreneurship Education (AUCEE), pp. 167-177. ISBN 983-2078-36-4 |
| spellingShingle | GV Recreation Leisure Ahmad, Rozila Scott, Noel Solnet, David The practise of strategic compensation in Malaysian five-star beach resort hotels |
| title | The practise of strategic compensation in Malaysian five-star beach resort hotels |
| title_full | The practise of strategic compensation in Malaysian five-star beach resort hotels |
| title_fullStr | The practise of strategic compensation in Malaysian five-star beach resort hotels |
| title_full_unstemmed | The practise of strategic compensation in Malaysian five-star beach resort hotels |
| title_short | The practise of strategic compensation in Malaysian five-star beach resort hotels |
| title_sort | practise of strategic compensation in malaysian five star beach resort hotels |
| topic | GV Recreation Leisure |
| url | https://repo.uum.edu.my/id/eprint/2975/1/Pages_from_The_First_Seminar_on._Entrepreneurship_and_Social_Development_in_Asean3311.pdf |
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