PerfectWage™ is a specialized hospitality wage benchmarking tool designed to help hotels understand and manage compensation effectively across their portfolio. It eliminates the need for manually compiling, submitting, and managing surveys to acquire wage data, streamlining a critical HR process. By providing accurate market data, the software enables hotels to recruit top talent with competitive wage rates and reduce turnover by offering smart, competitive salaries that help retain staff. The platform allows teams to compare and optimize wages side by side, position by position, within specific markets. It offers access to wage information by position in nearly 100 markets, empowering hoteliers to make informed wage decisions and combat labor shortages with insightful compensation strategies. PerfectWage™ allows users to drill down into position-level wage data, facilitating the benchmarking of each hotel's average wage against the rest of their portfolio, ensuring fair and competitive compensation practices.

Features & Benefits

• Automated Wage Data Collection
  • Eliminates the manual effort of compiling, submitting, and managing wage surveys to obtain critical compensation data.
• Competitive Talent Acquisition
  • Enables hotels to recruit top talent by offering competitive wage rates informed by accurate market data.
• Employee Retention
  • Reduces staff turnover by facilitating the offering of smart, competitive wages that help retain valuable employees.
• Comprehensive Benchmarking
  • Allows for side-by-side comparison and optimization of wages across hotel portfolios, position by position, within various markets.
• Market-Specific Wage Insights
  • Provides access to detailed wage information by position in nearly 100 markets, supporting data-driven compensation decisions.
• Position-Level Data Analysis
  • Offers the ability to drill down into specific position-level wage data, enabling precise benchmarking of individual hotel wages against the broader portfolio.