Latest news with #MilosEric
Yahoo
3 days ago
- Business
- Yahoo
OysterLink Study: Hospitality Graduates Take 5-7 Years to Reach $70K Salary
New York, New York--(Newsfile Corp. - July 27, 2025) - A new analysis by OysterLink reveals that hospitality graduates typically require five to seven years to achieve the $70,000 mid-career wage expected in their field. The findings highlight how long it takes for a hospitality degree to translate into higher earnings. OysterLinkTo view an enhanced version of this graphic, please visit: The study combines labor market outcomes for leisure and hospitality majors (U.S. Census Bureau data, as compiled by the Federal Reserve Bank of New York) with 2020-2024 wage and employment data for 15 hospitality roles. It shows that many graduates begin their careers in roles that pay significantly below the early-career median for degree holders, and this requires steady advancement into higher-paying positions to close the earnings gap. "Hospitality can deliver strong wages, but it takes time," said Milos Eric, founder and general manager of OysterLink. "Many graduates start in frontline roles, which often pay $10,000-$14,000 less than the early-career median for Leisure and Hospitality majors, but with clear advancement paths, they can reach competitive earnings," Eric added. According to data from the Census and the Federal Reserve Bank of New York, leisure and hospitality majors report a median early-career wage of $44,000 and a mid-career wage of $70,000. In comparison, most frontline hospitality roles - such as servers, bartenders, and front desk agents - have 2024 median wages between $30,000 and $34,000. Mid-tier roles, such as event planners and concierges, earn $40,000-$59,000, while management positions, including restaurant and hotel managers, reach $65,000-$68,000, coming closest to the mid-career benchmark. Table 1: 2024 median wages vs. degree benchmarks Career Stage Example Roles Median Wage Gap vs. Degree Benchmarks Entry-Level Server, Bartender, Front Desk $30K-$34K -$10K to -$14K (vs. $44K) Mid-Level Event Planner, Concierge $40K-$59K Still below $70K mid-career Upper-Level Restaurant/Hotel Manager $65K-$68K Approaching $70K benchmark The study estimates that graduates in fast-track programs can reach $65,000-$68,000 in approximately five years, while those following the typical path from frontline to supervisory roles often require six to seven years to achieve similar earnings. Graduates who remain in frontline roles without advancement may take significantly longer or may not reach the $70,000 target at all. Table 2: Estimated time to reach $70k by career path Career Path Starting Wage Years to $70K Typical Progression Fast-Track $34K 5 Mid-Level → Manager Standard Path $30K-$33K 6-7 Front-Line → Supervisor → Manager Extended Path $30K-$32K 8+ Frontline → Multiple lateral moves These estimates use degree-holder wage benchmarks and role-level pay data alongside industry norms for career progression. On average, it takes two to three years to move from frontline to supervisory roles and another two to four years to advance into management. The report urges employers to establish clear career ladders, expand management-track programs, and collaborate with hospitality schools to incorporate more practical leadership training, enabling graduates to secure higher-paying positions more quickly. This study combines U.S. Census Bureau data on leisure and hospitality majors (via the Federal Reserve Bank of New York) with a detailed review of wages, percentile pay, and employee growth (2020-2024) across 15 hospitality roles. About OysterLink OysterLink is a job platform for restaurant and hospitality professionals with over 400,000 monthly visitors. OysterLink connects talent with opportunities across the U.S., including the top server jobs in New York City or bartender jobs in Los Angeles. The platform also offers trend reports, expert insights, and interviews with leaders in hospitality. Media Contact press@ To view the source version of this press release, please visit Sign in to access your portfolio
Globe and Mail
6 days ago
- Business
- Globe and Mail
92% of Respondents Say Young Generations Don't See Hospitality as a Long-Term Career, OysterLink Poll Finds
Los Angeles, California--(Newsfile Corp. - July 23, 2025) - According to a recent poll by hospitality job platform OysterLink, 92% of respondents believe the younger generation lacks awareness about hospitality careers. Younger workers often view hospitality roles as temporary or part-time work, rather than as a legitimate, long-term profession. OysterLink To view an enhanced version of this graphic, please visit: In reality, roles in restaurants, hotels, and tourism can lead to long-term, fulfilling career, but they take time, effort, and resilience to build. "The challenge isn't the lack of opportunity-it's the perception," said Milos Eric, Co-Founder and General Manager at OysterLink. "We need to show that hospitality is more than a side job. It's a profession with growth, stability, and real impact. However, it's also a demanding path that requires real commitment." About OysterLink OysterLink is a job platform dedicated to the restaurant and hospitality industry. We connect restaurants, hotels, and hospitality employers with skilled candidates across the U.S. With job listings like barista in San Francisco or pastry chef jobs in Los Angeles, industry insights, and career resources, OysterLink helps professionals build rewarding careers in the hospitality industry.
Yahoo
18-07-2025
- Business
- Yahoo
Salary Transparency Is Top Priority for Hospitality Job Seekers, OysterLink Poll Finds
Los Angeles, California--(Newsfile Corp. - July 18, 2025) - In a new poll conducted by OysterLink, a job platform dedicated to the restaurant and hospitality industry, found that 67% of hospitality professionals say salary shown upfront is the number one factor that makes a job ad more appealing. OysterLinkTo view an enhanced version of this graphic, please visit: The rest of the votes went to a relatable job description, real flexibility and clear daily responsibilities. "Candidates in hospitality don't have time to waste. They're moving fast, and if the salary isn't there, many will skip the ad entirely," said Milos Eric, General Manager of OysterLink. "Transparency is no longer optional-it's the baseline for getting noticed." What This Means for Employers Hospitality businesses need to rethink how they post jobs. Listings that leave out key details-especially pay-are losing traction with job seekers. Today's candidates are not only looking for fair compensation but also honesty and respect in the hiring process. By clearly stating wages, responsibilities, and scheduling expectations upfront, employers can improve application rates and cut down on unqualified leads. About OysterLink OysterLink is a job platform for restaurant and hospitality professionals with over 400,000 monthly visitors. With job listings, including bartender jobs in New York City and chef jobs in Los Angeles, industry insights, and career resources, OysterLink helps professionals build rewarding careers in the hospitality industry. For media inquiries, contact:Ana Demidova PR Managerpress@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
18-07-2025
- Business
- Globe and Mail
Salary Transparency Is Top Priority for Hospitality Job Seekers, OysterLink Poll Finds
Los Angeles, California--(Newsfile Corp. - July 18, 2025) - In a new poll conducted by OysterLink, a job platform dedicated to the restaurant and hospitality industry, found that 67% of hospitality professionals say salary shown upfront is the number one factor that makes a job ad more appealing. OysterLink To view an enhanced version of this graphic, please visit: The rest of the votes went to a relatable job description, real flexibility and clear daily responsibilities. "Candidates in hospitality don't have time to waste. They're moving fast, and if the salary isn't there, many will skip the ad entirely," said Milos Eric, General Manager of OysterLink. "Transparency is no longer optional-it's the baseline for getting noticed." What This Means for Employers Hospitality businesses need to rethink how they post jobs. Listings that leave out key details-especially pay-are losing traction with job seekers. Today's candidates are not only looking for fair compensation but also honesty and respect in the hiring process. By clearly stating wages, responsibilities, and scheduling expectations upfront, employers can improve application rates and cut down on unqualified leads. About OysterLink OysterLink is a job platform for restaurant and hospitality professionals with over 400,000 monthly visitors. With job listings, including bartender jobs in New York City and chef jobs in Los Angeles, industry insights, and career resources, OysterLink helps professionals build rewarding careers in the hospitality industry.
Yahoo
09-07-2025
- Business
- Yahoo
OysterLink Finds Salary Talks Hold Back Hospitality Job Seekers
LOS ANGELES, July 9, 2025 /PRNewswire/ -- OysterLink, the hospitality job platform built for the frontlines, has released new data revealing that salary negotiation is the top area where hospitality professionals seek career advice. In a poll conducted by OysterLink, participants were asked: "What kind of career advice would help you most right now?" The responses were telling: Salary negotiation – 41% Career growth strategies – 29% Resume tips – 18% Interview preparation – 12% These results reflect a growing desire among hospitality workers to take more control over their financial future and advancement opportunities. In an industry known for high turnover and wage stagnation, the emphasis on negotiation underscores a shift toward self-advocacy and long-term career planning. "We're seeing more professionals in hospitality realizing their worth and actively seeking tools to navigate pay conversations," said Milos Eric, General Manager at OysterLink. "This marks a cultural change — from just getting the job to making sure it works for you in the long run." The poll is part of OysterLink's broader effort to understand the evolving needs of hospitality talent — from kitchen staff and servers to hotel managers and bartenders — and provide resources that reflect real challenges and ambitions. In recent months, OysterLink has also polled its growing online community (now over 27,000 LinkedIn followers) on topics like job-hunting frustrations and the most overlooked skills in the industry. Each data point informs content and tools tailored to help candidates succeed — and help employers better understand what today's workforce actually values. OysterLink is launching new guides, employer tips, and frontline-focused tools later this year — including insights around negotiating wages, evaluating job offers, and mapping out a long-term career in hospitality. About OysterLink OysterLink is a leading job platform dedicated to the hospitality industry. We connect restaurants, hotels, and hospitality employers with skilled candidates across the U.S. and internationally. With job listings like barista in San Francisco or pastry chef jobs in Los Angeles, industry insights, and career resources, OysterLink helps professionals build rewarding careers in the hospitality industry. Currently, OysterLink attracts over 400,000 monthly visitors and continues to grow steadily. For more information, visit or contact PR Rep Ana at ana@ Media Contact press@ View original content: SOURCE OysterLink
