Dear Friends,
I am working with IT company with around 50 employees. We have a very flat structure for salary breakup like Basic+DA,Medical Allowance,Conveyance, HRA & Personal allowance. Now we want to introduce the Variable pay component in this structure.
I have following queries to understand the same.
1) Is variable pay apart from CTC or can be put as salary component (CTC)?
2) How that can be defined?
3) What is the % of same?
4) Do we need to pay it monthly/quarterly/annually?
5) How much minimum amount we need to pay monthly/quarterly/annually?
5) Any other information I should know before introducing the same.
Pls help me by giving your valuable feedback. You can revert to my email
.
Thanks N regds
From India, Pune
13I am working with IT company with around 50 employees. We have a very flat structure for salary breakup like Basic+DA,Medical Allowance,Conveyance, HRA & Personal allowance. Now we want to introduce the Variable pay component in this structure.
I have following queries to understand the same.
1) Is variable pay apart from CTC or can be put as salary component (CTC)?
2) How that can be defined?
3) What is the % of same?
4) Do we need to pay it monthly/quarterly/annually?
5) How much minimum amount we need to pay monthly/quarterly/annually?
5) Any other information I should know before introducing the same.
Pls help me by giving your valuable feedback. You can revert to my email
Thanks N regds
From India, Pune
Hi Professionals,
I am working in a Retail Organization (sales Driven org) with a limited manpower strength. we are looking at introducing a Variable pay part of CTC component to meet the following objectives:
To gain confidence in their ability and then increase the VP as per their performance (gain Sharing)
Entrepreneurial approach in their work and stay focused
Please guide me as to how to communicate to the employees if anyone can share a PPt. or few points on this
.
Thanks & regards,
Shilpa.
From India, Bangalore
I am working in a Retail Organization (sales Driven org) with a limited manpower strength. we are looking at introducing a Variable pay part of CTC component to meet the following objectives:
To gain confidence in their ability and then increase the VP as per their performance (gain Sharing)
Entrepreneurial approach in their work and stay focused
Please guide me as to how to communicate to the employees if anyone can share a PPt. or few points on this
.
Thanks & regards,
Shilpa.
From India, Bangalore
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
VARIABLE PAY.doc
More Fixed-To-Variab le Pay HR Trend in Corporate World.pdf