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- W2565197995 abstract "Compensation systems serve as a selection device, or a way to attract and retain individuals with the desired skills and attributes, to an organization. It facilitates effective organizational change, so it is one of the key human resource decisions made by any hospitality organization is the design of its compensation strategy. When choosing a compensation strategy, hospitality personnel must make a variety of complex decisions that will ultimately impact a company‟s recruitment and retention efforts, as well as the achievement of organizational goals. The research paper examines the employees‟ satisfaction with the compensation at five stars hotels in West Bengal (WB) and also to recognize the deficient areas in compensation which are need to improve. The area of the study at all five stars hotels in Kolkata, West Bengal, which is situated in eastern part of India. The respondents were asked to evaluate the satisfaction of the compensation by the various hotels, where they are working. Perceived satisfaction of each variable was measured through questions designed on a 5-point Likert-type scale ranging from very dissatisfy to very satisfy. The statistical analyses used are Factor analysis with principle component and multiple regression analysis using the Statistical Package for Social Sciences (SPSS). The result of the regression analysis (R² value) on the basis of factor score are reasonably good which are approaching 1 it means the variables of factor 1 and factor 2 and factor 3 have a great influence on the employees satisfaction on compensation at five stars hotels in WB and result also highlighted the attributes where need to improve the financial and non financial compensation of those five stars hotels in WB." @default.
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- W2565197995 date "2012-01-01" @default.
- W2565197995 modified "2023-09-27" @default.
- W2565197995 title "Employee Satisfaction with Compensation Strategies at Five Stars Hotels in West Bengal, India: An Empirical Study" @default.
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