As an Amazon Associate I earn from qualifying purchases.

Variable Pay Program Definition and Explanation PDF | Download eBooks

Learn Variable Pay Program definition in organizational behavior with explanation to study “What is Variable-Pay Program”. Study variable pay program explanation with organizational behavior terms to review organizational behavior course for online MBA programs.

Variable Pay Program Definition:

  • A pay plan that bases a portion of an employee's pay on some individual and/or organizational measure of performance.

    Organizational Behavior by Stephen P. Robbins, Timothy A. Judge



Variable Pay Program Explanation:

Variable compensation projects are an inexorably prevalent method of pay in the present business world. These projects, which are likewise once in a while alluded to as "pay-for-execution" or "in danger" pay plans, give a few or the majority of a workforce's remuneration dependent on representative execution or on the presentation of a group. Variable compensation defenders battle that giving substantial prizes to unrivaled execution empowers diligent work and effectiveness and fills in as a viable hindrance to fair or generally deadened work execution. Variable compensation projects are comprised of a wide range of remuneration strategies. In the broadest sense, variable compensation projects incorporate yearly motivators or extra installments; singular impetus plans; single amount installments; specialized accomplishment grants; money benefit sharing plans; little bunch motivations; gainsharing; and installments for recently procured aptitude and information. A few examiners contend that variable compensation projects ought to be characterized undeniably more prohibitively, however most concur that the majority of the above offer a typical accentuation on perceiving accomplishment, which is a definitive objective of variable compensation plans.

Keep Learning Organizational Behavior Explanations

What is Management by Objectives (MBO)?

MBO (Management by Objectives) is the way toward characterizing explicit destinations inside an association that administration can pass on to ...

What is Matrix Structure?

A matrix authoritative structure is an organization structure in which the revealing connections are set up as a framework, or ...

What is Trust?

A trust is a guardian relationship wherein one gathering, known as a trustor, gives another gathering, the trustee, the privilege ...

What is Organizational Development (OD)?

Authoritative Development is a field of research, hypothesis, and practice devoted to growing the learning and adequacy of individuals to ...

What are Attitudes?

In psychological science, a attitudes alludes to a lot of feelings, convictions, and practices toward a specific item, individual, thing, ...

What is Fundamental Attribution Error?

In social brain research, essential attribution blunder (FAE), otherwise called correspondence predisposition or attribution impact, is the idea that, as ...