What is Variable Pay Program in Organizational Behavior? PDF Book

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.

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