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.
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