Paper Title
A Study of Compensation Factors Affecting Employee Performance of The Surin Phuket Hotel
Abstract
The study is aimed at studying compensation factors affecting employee performances of The Surin Phuket Hotel. The research is a qualitative study examining four components; financial compensation, non-financial compensation, indirect compensation, and work efficiency. The data was collected data by using a questionnaire being collected from 146 employees. T-test, F-test, and Pearson's correlation, and Linear Equation of Variables were used in analyzing data. The results showed that compensation factors; financial compensation, non-financial compensation, indirect compensation, and work efficiency, were overall at a high level with the means of 3.41 – 4.20. When considering each factor, the work efficiency factor was the highest mean at 4.15. The relationship between the salary component and the annual bonus was the highest level of a positive correlation. As a result, it is highlighted that a compensation management is significant which can maximize benefits and productivity of employees in a long- term.
Keywords - Compensation Factors and Work Efficiency