By Steven Cooke
Assistant Professor, School of Business at American Public University
By addressing the motivation of all employees, you can use that knowledge to develop a broader strategy and determine how to motivate employees to stay, those earning minimum wage and those that have been on the team for several years. By expanding the question further than motivating the minimum wage employee, the wants and needs of all employees are more likely to be considered.
Revenue Management in the hospitality industry has seen a new focus in the last several years. The basic premise is that revenue management aims to supply the right product or service to the right customer at just the right price.