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Compensation Package Analysis
Organization: Majestic Hotel Saigon, Vietnam
Job tile: Front Desk Manager The Majestic Hotel, which is a five-starts luxury that achieved through attention to details and complete comfort that ensuring through out courteous services. Since 1925, Majestic Hotel has occupied one of the finest locations in Saigon, where our guests can enjoy the stunning views of Saigon River as well as the elegance of columned and arched classical French colonial design glorify the Golden Age of architecture (Majestic Saigon, 2013). It has gone through several reincarnations over years with many changes that reflect the tumultuous history of Vietnam during World War II and it wad frequented by foreign correspondents and espionage agents. Majestic is a hotel of tradition, hospitality and elegance as well as best well known for its prime reputation and its strategic location. Human Resource Management (HRM) has never been as important as it is today and compensation is then one of the tools or functions to make it effective. The term “compensation” refers to the combination of wages, salaries and benefits that employees receive in exchanging for work. It includes hourly wages or annual salary, plus bonuses and benefits. Nowadays, within the Hospitality and Tourism industry, Vietnam has maintained its successful by contributed to 13.1% of the GDP to the Vietnam economy in 2011. However, Vietnam is still a low-cost industry so they still refer to use external pay rates, identified through compensation surveys. In Vietnam, the government illustrates the basic salary pay level to specific industries in different region, cities as well as specific jobs field in which based on the current GDP annually. From the attached spreadsheet, total annual salary is $14,819 (monthly based pay before tax is $1,125), Vietnamese government requires that the individual tax

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