USALI 12th Revised Edition: Payroll FTE – Schedule 15 and Annual Mandatory Brand and Operator Costs – Schedule 16

8 August, 2024 — 11:00 AM - 12:00 PM (Central)

USALI 12th Revised Edition: Payroll FTE – Schedule 15 and Annual Mandatory Brand and Operator Costs – Schedule 16

In this webinar, an overview of the new Payroll FTE – Schedule 15 and Annual Mandatory Brand and Operator Costs – Schedule 16 are presented.

Overview

The recently released 12th Revised Edition provides all interested parties with greater exposure to the revenues and expenses that drive profitability. Updated by the Global Finance Committee (GFC), an independent group of global financial leaders, members are leading a series of webinars to discuss significant changes from the 11th to the 12th Revised edition.


In this webinar, an overview of the new Payroll FTE – Schedule 15 and Annual Mandatory Brand and Operator Costs – Schedule 16 are presented. The addition of Schedule 15 is intended to provide greater visibility for FTEs in each department, including categorizing management and nonmanagement roles. Then take a look at Schedule 16 which has been provided to provide greater visibility of costs required by a brand operator. This schedule would be prepared for information purposes only once a year in conjunction with a fiscal year-end reporting package. Attend this webinar for a primer of these new additions.


Learning Objectives:

·      Go through the new Payroll FTE – Schedule 15, including categorization of management and nonmanagement roles.

·      Understand how to use the Annual Mandatory Brand and Operator Costs – Schedule 16. 

·      Get details on the line items to be reported in these two new schedules. 

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Schedule

Session


Speakers

Ralph Miller President, Inntegrated Hospitality Management Ltd.
Gina Tallarico VP, Asset Management, Hyatt Hotels Corporation