"AN EMPIRICAL INVESTIGATION OF CRITICAL ANALYSIS OF GEN-Y HOTEL EMPLOYEES PREFERENCES TOWARDS COMPENSATION AND MOTIVATING FACTORS"

Abstract

In developing countries India is fastest growing economy of the world. In India work values are strappingly influenced by values of the countries that influenced on hotel employees perception and expectation. The exploration study is an undertaking of investigating the Gen Y preferences while joining the hotels. This study emphasis on compensation as well as motivating components at working environment expected by  Gen Y employees for setting up the inventive HR practices to be followed at hotel industry  in India. In this exploration of research paper the compression was on discovering the relationship among factors and its effect on one another. Assuming India wants to see the financial development, hotel, lodging and the travel industry area needed to be given due importance. It needs to draw in and hold the correct individuals with the perfect abilities at the perfect time or without which associations can't improve, develop or, much of the time, endure. The descriptive research approach was chosen toconduct the study. Online surveys were conducted due to COVID-19 and online personal interviews were conducted due to pandemic. Around 297 completely filled questionnaires were received from the Gen Y employees of the hotels. An outcome of the research study was to understand the Gen Y’s preferences as well as expectation about the compensation. The same can be used to frame the policies of the Gen Y employees in hospitality industry.