Group of restaurant workers in the Tourism & Hospitality sector in BC.
Overview
Compensation trends are evolving. Tourism and hospitality businesses compete for talent in a tight labour market, which makes the mix of wages, perks, and benefits offered to workers more important than ever.
The mix of wages, perks, and benefits including things like incentive pay or bonuses offered is often called Total Compensation, or Compensation for short, and is essentially the totality of what a business can offer a worker in exchange for their time and expertise.
Acknowledging the importance of settling on the right mix of total compensation to attract and retain workers, go2HR is committed to supporting businesses in the tourism & hospitality industry by sharing customizable compensation resources, and other relevant resources. Explore our numerous resources and reach out to our HR Team if you have questions.
Contact UsKey Compensation Resources for Tourism & Hospitality
go2HR is committed to providing the BC Tourism & Hospitality industry with useful and relevant information. Below are key compensation resources and articles tailored to meet the unique needs of the industry.
Compensation Strategy
Step into the world of strategic compensation planning with this dedicated section, designed to equip tourism and hospitality employers with the insights and tools needed to navigate this essential aspect of workforce management.
Read the ArticleCompensation Checklist
Ready to tackle your compensation strategy? Our easy-to-use Compensation Strategy Checklist is here to help! Use this checklist as a pulse check on your strategy as you uncover the key elements of a top-notch rewards plan.
Download the ChecklistHow to use Total Compensation to Attract and Retain Talent in a Tight Labour Market
As industry employers continue to compete for top talent, it is key to understand, position and communicate what your total compensation package is. But what is Total Compensation and how can business owners maximize their total compensation packages to meet employee needs of both current and prospective employees?
Read the ArticleCompensation Philosophies Are Not Just For Large Companies
Compensation philosophies are not just for companies with hundreds of employees and a structured corporate environment. Instead, they are a practical addition to organizations of any size, including small to medium businesses.
Read the ArticleFood & Beverage Operations
Download the TemplateAccommodations & Resort Operations
Download the TemplateRecreation, Entertainment, & Outdoor Operations
Download the TemplateTravel Services Operations
Download the TemplateCompensation Philosophy & Benchmarking Wages
Determining what to pay your employees is a critical decision for your business. Benchmarking your wages gives you a strategic perspective that aligns with your business goals, needs and direction.
Read the ArticleMinimum Wages
The issue of minimum wages is sometimes a source of confusion, particularly when commissions, incentives or bonus schemes are factored in.
Read the ArticleBC’s New Transparency Act
For all BC employers, BC’s new Pay Transparency Act is now in effect. The purpose of the new legislation is to close the gender pay gap which is the first step towards pay equity. Pay equity means all employees are paid the same wage for the same job. When salary is transparent, as is the goal of pay transparency, it helps level the playing field. Pay transparency reduces entrenched biases around pay and is a concerted effort to close racial and gender pay disparity.
Read the ArticleWhat’s a Living Wage?
Living Wage is the regional-specific wage minimum that allows families to afford necessities including shelter and food, and participation in your community. It is based on a common family unit in BC of two full-time working parents and two children. Learn all about Living Wage, the benefits of a Living Wage, how it is invested in your community, and why you should consider a Living Wage in your region.
Read the ArticleHow to determine Wages – Small Employers guide
Setting wages is a key aspect of running a business. In this article, learn how to determine wages as a small employer in the Hospitality & Tourism Industry in BC.
Get the Guide