BUSINESS

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Business

Reward strategy can be described as the most appropriate and effective framework enabling organisations to reward their staff according to their practical contribution to the achievement of their organisation's overall business strategy. A reward strategy should, then, be devised by employers keeping in mind, and duly considering, that its aim is basically to induce staff behaving and performing in a way which can actually and productively contribute to the organisation's achievement of competitive edge. It could instinctively be argued that, otherwise, rewarding people would represent just money being wasted and spent for no use at all, which is not exactly the reason for which shareholders/stockholders use to invest their money in a business.

Advantages

Hotel industry in Indonesia's Jakarta has recovered after bombs attack against two luxurious hotels in South Jakarta, the Ritz Carlton and JW Marriot hotels on mid July, the Kompas . The occupancy rate is back to normal and foreign guests are not worried about Jakarta's security condition. New hotels in Indonesia are mushrooming, especially in Jakarta, Bandung, Surabaya, Semarang, Yogyakarta, Bali and other big cities. Hotels, from five-star to non-star and boutique hotels, can easily be found along the main streets of these cities.

Transportation Ministry decree No. 241/H/70 defines a hotel as a commercial entity that provides services in the form of accommodation, food and other facilities, meeting the requirements of comfort.

The form, the arrangement, the interior, the decor, the equipment and the facilities of the hotel building, and the accommodation, sanitation, hygiene, aesthetics as well as security and safety generally provide comfort. The rooms provide privacy on top of comfort.

The categorization of hotels based on star ratings is officiated in certificates issued by the Director General of Tourism once every three years. They are classified in five groups, marked with stars. The highest has five stars while lowest has one. Non-star hotels are referred to as melati (jasmine) hotels.

It can't be denied that hotel accommodation is inseparable from tourism. Hotels are the main tourism superstructures, meaning that their survival depends on the number of incoming tourists. If we view tourism as a building, the hotel sector is the pillar.

According to Stephen Tan, CEO Singapore Exhibition Services, food and hospitality industries in Asia can enjoy sustainable growth each year. He made the statement in relation to the Food and Hotel Asia 2010 in Singapore recently.

“There is wide business opportunity since developing countries in Asia enhance their international business activities. On the other hand, the development of budget airlines contributes to the increase in travel and accommodation demands,” he said.

Local brands also aggressively work to build their own empire, from Mulia and Sultan to the Sahid Group, and many others. Both local and chain hotels offer facilities and benefits of their own.

Mandarin Oriental Jakarta, for example, offers 272 rooms, including 56 luxury rooms and six suites, which are not just spacious but also luxurious. All rooms have oriental and Indonesian touches. Each room is equipped with a computer and iPod connectivity, a minibar, a DVD ...