what is variable pay Variable pay is compensation awarded to employees based on their performance This is a cash incentive to help encourage employees to be productive and achieve their goals Companies may choose a variety of ways to give variable pay and not all forms are monetary
Variable pay is a portion of an employee s cost to company CTC that changes based on the individual s or the company s performance It is paid as a reward for the employee s contribution towards the company s growth Unlike a fixed salary variable pay is directly tied to specific achievements Variable pay refers to the payment made by an employer to its employee for their contribution to the organisation s growth and success It is popularly known as performance linked pay It is usually paid in the form of
what is variable pay
what is variable pay
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What is variable pay Variable pay also known as incentive pay or performance based pay refers to the portion of an employee s compensation that is contingent upon their performance or the achievement of specific business objectives What Is Variable Pay and What Are the Different Types Variable pay is a type of incentive pay that s offered to employees on top of their regular wages or salary when they hit certain goals or milestones
Variable pay is a compensation strategy where a portion of an employee s earnings is contingent upon performance results achieved or organizational success Unlike fixed salaries which remain consistent regardless of individual or company performance variable pay introduces a dynamic element to compensation Variable pay refers to a more complex payroll formula than salary or hourly pay such as the number of sales per month a percent of business earned or a fixed amount per client However many businesses choose to provide a base pay rate hourly or salary so that employees receive steady compensation
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Variable Pay
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Variable compensation also known as variable pay is supplementary compensation typically tied to performance goals measured by specific metrics These goals can be individual project based team based or companywide Variable pay also known as pay for performance is a system in which employees are paid a percentage of their company s profits as opposed to a fixed salary The benefits of a variable pay system are many First it encourages employees to be more productive as they have a direct financial incentive to work harder
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Variable Pay
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