Exact(60)
Variable pay scales incentivise the development of better and needed skills.
Variable pay is now advancing in other countries too, and covering a much wider range of workers than before.
"Variable pay is not just for executives anymore," said Ken Abosch, a compensation expert at Aon Hewitt.
Likely to push up salaries & reduce variable pay.
Current discussion of variable pay focuses on variable pay plan design mechanics, with insufficient attention given to contextual variables that may affect variable pay plan design.
Performance-based variable pay needs to reach far down into the organization.
Increasingly, organizations are using variable pay plans to reward employees for the results that they achieve.
We offer a preliminary framework for examining the contextual determinants of variable pay plan design.
At more than 58 times his £1.15m salary, Sorrell's variable pay was the highest in the industry, the forum added.
First, boards should have to win shareholders' approval before handing out bonuses, or variable pay in the jargon.
But variable pay adds only 150% to that, as against 400% in America.
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