If you are interested in pursuing a career in the hospitality industry, one of the questions that may strike you is how much can I earn? In this article, you will find How much does working in the hospitality industry pay monthly?
How much the hospitality industry pays monthly?
According to ZipRecruiter, the average monthly pay in the hospitality industry in the United States is $2.062 ($24.740 per year). Talent.com reports that the average hospitality salary in the USA is $33.000 per year.
However, monthly salaries range from $958 to $6.000. The average pay range varies depending on the experience, skills, role, and location.
Experience is the factor that most determines how much you will earn. The more years of experience you have, the higher your salary.
According to Talent.com, entry-level jobs in the hospitality industry pay around $26.000 per year. In comparison, workers with more experience can earn up to $76.000 per year.
Salaryexplorer reports that workers with 2 to 5 years of experience earn 32% more than amateur workers. In contrast, professionals with 5 to 10 years of experience can make 36% more than workers with five years or less experience. Workers with more than ten years of experience earn 21% more, and those with more than 15 years can make 14% more.
Certain cities in the USA pay more than others. According to ZipRecruiter, the top cities where the salaries are higher than the national average are: San Jose, CA; Jackson, WY; Oakland, CA; New York, NY, and Hayward, CA, receiving an average monthly pay of $2.480, $2.459, $2.455, $2.445, and $2.408 respectively.
According to talent.com, the highest paying regions in the USA are Rhode Island, North Dakota, Nevada, Colorado, and Georgia. These regions pay a monthly average salary of $5.000, $4.000, $4.000, $3.000, and 3.000, respectively.
Salaries vary drastically between different hospitality careers. According to the Bureau of Labor Statistics, among the top lowest paying jobs are waiters and waitresses, laundry and dry-cleaning workers, non-restaurant food servers (not involved with food preparation), shuttle drivers, and maids and housekeepers, earning between $26.000 and 27.000 median annual.
Although you get a lower salary than average in these jobs, they are an excellent opportunity to enter the hospitality industry and climb up the ladder to get higher-paid jobs. Also many of these jobs are entry-level and part-time jobs that don’t require specialized qualifications and allow you to devote the rest of your time to other activities.
The hospitality jobs that pay more than the average salary are those related to hospitality manager roles, who can earn between $74.000 and $100.000 per year.
In general, the higher the educational degree you have, the higher the pay. However, this depends on your specific career field. Certain jobs value higher degrees than others.
Salaryexplorer reports that workers with a certificate or diploma generally earn 17% more than at a high-school level. Employees with a bachelor’s degree make 24% more than those with a diploma, and professionals with a master’s earn a salary 29% higher than those with a bachelor’s degree.
Bonuses and incentive rates such as bonuses awarded to certain employees due to their exceptional performance, goal-based bonuses granted after achieving a significant milestone, and holiday or end-of-year bonuses can add to the monthly salary. However, as SalaryExplorer states, only 28% of employees in the hospitality industry interviewed reported they received some form of bonus.
How much does hospitality pay monthly?
So how much does working in the hospitality industry pay monthly? As you can see, hospitality salaries vary greatly. The figures given above are based on third-party sources. We compiled them to give you a general indication of the salaries you typically expect in the industry. However, the minimum wage varies by region, and you should ask your employer for more information about your salary.
The leisure and hospitality industry is recovering from the job losses; the Covid-19 left behind; now, as the sector bounces back, more employees are required.
Find your next job in the hospitality industry on RMG Staffing today. We are a Hospitality Staffing Agency that matches the best candidates with the companies in the hospitality sector looking for them. Contact us!