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TMS launches industry salary survey

Daily news, 14 Apr 2008

SINGAPORE – TMS Asia-Pacific has this week commenced collating input for its inaugural Asia Travel and Hospitality Industry Salary Survey

More than 20,000 travel industry personnel ranging from senior management to front-line consultants have been invited to participate in the survey.

Countries covered by the survey include China (including Hong Kong and Macau), India, Indonesia, Japan, Korea, Malaysia, the Middle East, the Philippines, Singapore, Thailand and Vietnam.

TMS Managing Director – Asia, Andrew Chan said the primary purpose of the survey is to independently assess the total remuneration packages of consultants and management at all levels throughout the region.

Chan said the survey also reviews the link between salary and non-financial benefits and the impact on job satisfaction and retention levels and that employers should remember that salary is rarely the entire reason someone makes a decision to either join or leave an organisation. “The regional market landscape has significantly changed in recent times and continues to change and there is no hiding the fact that while the economy is strong and tourism demand high, the travel and hospitality industry is suffering from its worst staffing crisis in years.”

Chan said the information this survey will provide is pivotal for an industry looking to benchmark itself across other industry sectors and hopefully give companies a better understanding as to how they compare.

Travel and hospitality personnel interested in participating in the TMS Salary Survey can do so via http://tmscm.tmsap.com/rp//381/ContestForm.clsp?FormId=4677

 
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