PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
General Manager - Hrm & Adm
Use factoHR and automate your HR processes
Mobile-first hire to retire HR and Payroll software that automates all HR operations and works as a catalysts for your organisational growth.
katyanaDear Sanjay, Pl find attached the basics of VARIABLE PAY. I hope that from these basics u will prepare a attractive compensation breakup of fixed salary as well as variable salary.
From India, Gurgaon
Sidda ReddyHi Sanjay,
I am working in manufacturing Company. We are having Variable pay component for all the category of employees.
For Staff: It is quaterly performance linked compensation (QPLC). Based on the results produced aganist the businees goals and Department goals the QPLC will be paid. If you achieve the overall business goals and your department goals are not achieved then you will be eligible for 50% of the QPLC or the viceversa
For workmen : it is production incentive. Each department will be given targets for the month and here also 100% incentive will be paid only when individual targets and the department targets are met.
tapasparidaCan any one help me with guidlines for Variable bonus for Sr level executive? Thanx, Regards,
From India, Mumbai