General Manager - Hrm & Adm
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.
27th May 2008