Cosmopolitan Las Vegas Giving Employees $5,000 Bonus

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The Cosmopolitan of Las Vegas announced last week that they’d be giving employees a one-time $5,000 bonus for their hard work during the pandemic.

This would apply to all employees including hourly and management employees in all departments including front desk, housekeeping, food & beverage, and the casino.

Per CNN Business,

The Cosmopolitan of Las Vegas surprised its more than 5,000 employees on Wednesday with a one-time $5,000 bonus.

The resort said it gave an “unprecedented” $27 million to its workers during a festive event that was capped off with a “climatic drumroll” and confetti when Cosmopolitan CEO Bill McBeath made the announcement. The event celebrated private equity firm’s Blackstone’s nearly decade-long ownership of the property, which is in the midst of being sold to MGM Resorts International and a real estate firm.

“We know that none of that would have been possible without the hard work and dedication of the resort’s amazing employees, and we are thrilled to recognize those contributions,” said Tyler Henritze, head of strategic investments for Blackstone Real Estate, in a statement.

Hospitality companies including hotels are having trouble staffing and retaining staff, so I’m sure one of the reasons for this bonus was to help with employee retention in addition to thanking the employees for their hard work during the pandemic.

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Comments

  1. The Cosmopolitan work teams are some of the best in Las Vegas. One of our favorite Cosmopolitan servers also won a trip to Hawaii…nice recognition for jobs well done.

    Other employers might take a hint…workers who have there through the thick of it should be noticed and rewarded. Platitudes are nice, but money pays the bills.

  2. Worth noting that not everyone who works at the Cosmopolitan received this bonus. Almost all of the food and beverage outlets there, especially the ones with big name chefs like media darling philanthropist Jose Andres are technically “third party” and not included.

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