Level of satisfaction on compensation and benefits among employees of selected full service hotel in Tagaytay CIty / Michelle Cruz, Jim Nicoles Escalante, & Ronnel Meneses
Material type:
TextPublication details: Tagaytay Olivarez College 2016Description: 86 leaves : illustrations, 28 cmSubject(s): DDC classification: - OCT BSTM 0897 2016
| Item type | Current library | Call number | Status | Barcode | |
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Books
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Olivarez College Tagaytay | OCT BSTM 0897 2016 (Browse shelf(Opens below)) | Available | UM0897 |
ABSTRACT
Title: Level of Satisfaction on Compensation and Benefits Among Employees of Selected Full Service Hotel in Tagaytay City Authors: Cruz, Michelle Escalante, Jim Nicols Meneses, Ronnel
Degree: Bachelor of Science in Hotel and Restaurant Management School: Olivarez College Tagaytay Adviser: Maricriss Ignacio Siso
THE PROBLEM
The researchers study area was the “Level of Satisfaction on Compensation and Benefits among Employees of Selected Full Service Hotel in Tagaytay City’ and the objectives of the study to determine the extent of employee loyalty through the compensation and benefits of employees that have receive in selected full service hotels. Providing the salary, bonuses, and gratuity the company give.
RESEARCH METHODOLOGY
The study utilized the descriptive research method. Descriptive research method refers to the method used to describe data and characteristics used to describe the population. The purpose of using the descriptive research method is to acquire accurate, factual, systematic data that can provide an actual picture of the data set review. This type of research is intended to find out new meaning, describe something occurs and reproached information. Descriptive research design focused on the present and existing conditions, and deals with the attitudes, behavior, opinion and perception of a chosen population. The objective of descriptive method is to find facts.
FINDINGS The researchers found out that there is a significant positive relationship only in education and level of satisfaction. If the P-Value is lower than 0.05, the hypothesis is rejected and when the P-Value is higher than 0.05, the hypothesis is accepted. Age got the P-Value of 0.8729 so that the hypothesis is accepted as weil as the gender that has a P-Value of 0.4295, tenure that has a P-Value of 0.7991 and income that has a P-Value of 0.6027. Only education got the P-Value that is lower than 0.05 which has 0.0296 so it
means it is rejected.
CONCLUSION
The result showed that as the education gets higher the level of satisfaction goes higher and vice versa and there is no significant relationship between the age, gender, tenure, income and level of satisfaction.
RECOMMENDATION
The researchers’ recommendation for the management is to enhance compensation and employee benefit scheme, working participative in a design of work which makes them responsible for their performance. Additional number of days of leaves vacation and/or can convert into cash like sick leave if it is not use by an employee in a year. Tip must be fairly enough distributed to every employees. Overtime work must be paid every hour. And salary be distributed weekly instead of twice or once a month. The companies should compensate the employee according to their job specification and giving the right amount of salary. The company improves the benefit of employee that lead to tenure of service. Leave vacation especially the sick leave should be convertible into cash. Monetary rewards are also recommended as it is a very powerful determinant of employee motivation and achievement which, in turn, can advance to important returns in terms of firm-level performance. These monetary incentives create positive environment, maintain a job interest, enhance commitment in work performance and psychologically satisfies a person that leads to jobs satisfaction
which is consistent among employees. These rewards motivate the employees to | persevere that result for a better performance in the work. The satisfaction for their work performance and continue servicing the company through the benefits and compensation that the organization giving to the employees
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