NY Hotel Workers Could Expect Big Changes from Payroll Departments - 0 views
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Kevin Character on 11 Feb 12New York City union employees are trying to secure a contract that would include a 29 percent wage increase for workers in big hotels. Hotels will also increase contributions to worker pension funds to 10.5 percent of total payroll. That's opposed to the former 9 percent. The seven-year proposed contract would affect some 30 thousand employees and could raise some housekeeper salaries as high as 60 thousand dollars. In perspective, New York City has the highest yearly hotel occupancy rate of anywhere else in the world, at 85 percent. Room rates are well over 200 dollars. It's understandable how Hilton, Hyatt and other large brands can afford to negotiate with union demands. I foresee that the accounting departments in many of the big hotels will be quite busy making the adjustments if the proposed plan is accepted after Monday's vote.