Respected Seniors, I am Abhimanyu, new in this field so please tell me what is variable salary ? Regards, Abhimanyu
From India, Gurgaon
From India, Gurgaon
Linking a part of your CTC to a complex matrix of performance which you will find hard to comprehend is called as Variable Salary. In simple words, its the amount of Money the Company isn't sure it is going to pay you or maybe thinks of paying you only if they really really feel you are worth the amount at the end of a particular period.............rgrds
From India, Mumbai
19From India, Mumbai
Hi Friend,
Variable Salary means apart from regular salary.
Performance Incentives and Special awards and Target achievement payments etc..
these payments made only after the Target achievements or successfully completion of projects etc.. . it is also a part of CTC.
From India, Hyderabad
Variable Salary means apart from regular salary.
Performance Incentives and Special awards and Target achievement payments etc..
these payments made only after the Target achievements or successfully completion of projects etc.. . it is also a part of CTC.
From India, Hyderabad
Dear Abhimanyu,
Please do check with the given link.
#post1219130
Best regards,
Mahesh
From India, Bangalore
Please do check with the given link.
#post1219130
Best regards,
Mahesh
From India, Bangalore
Dear Abhimanyu,
Mainly salary consists of Three major parts. First is fixed salary that is mentioned in your appointment letter(Basic, HRA, CCA e.t.c).Second is variable salary that varies every month. It may comprise of all sort of incentives, bonus, allowances e.t.c.and the third part is deduction part which contains all sort of deductions like PF, ESIC, PT e.t.c
From India, Bangalore
Mainly salary consists of Three major parts. First is fixed salary that is mentioned in your appointment letter(Basic, HRA, CCA e.t.c).Second is variable salary that varies every month. It may comprise of all sort of incentives, bonus, allowances e.t.c.and the third part is deduction part which contains all sort of deductions like PF, ESIC, PT e.t.c
From India, Bangalore
And the reason many companies give varable pay is so that they can defer it when ever they feel that the employees performance is not up to the mark.
From India, Bangalore
From India, Bangalore
Variable salary is that part of salary that makes CTC package attractive , employee in hope and employer confident......................................... ....... hope you understand the worth of variable salary
From India, Mumbai
From India, Mumbai
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Salary-Note.doc
SALARY SHEET CALCULATION.xls