What Is Variable Salary ?

Respected Seniors,
I am Abhimanyu, new in this field so please tell me what is variable salary ?
Regards,
Abhimanyu

Hi Abhimanyu,
Gross salary of the employees comprises of two components:
Fixed pay and
Variable pay i.e. performance bonus
Fixed component paid on a monthly basis while variable component is performance driven and paid on periodic basis.
regards,
Mahek

Linking a part of your CTC to a complex matrix of performance which you will find hard to comprehend is called as Variable Salary. In simple words, its the amount of Money the Company isn't sure it is going to pay you or maybe thinks of paying you only if they really really feel you are worth the amount at the end of a particular period.............rgrds

Hi Friend,
Variable Salary means apart from regular salary.
Performance Incentives and Special awards and Target achievement payments etc..
these payments made only after the Target achievements or successfully completion of projects etc.. . it is also a part of CTC.

Dear Abhimanyu,
Please do check with the given link.
#post1219130
Best regards,
Mahesh

Dear Abhimanyu,
Mainly salary consists of Three major parts. First is fixed salary that is mentioned in your appointment letter(Basic, HRA, CCA e.t.c).Second is variable salary that varies every month. It may comprise of all sort of incentives, bonus, allowances e.t.c.and the third part is deduction part which contains all sort of deductions like PF, ESIC, PT e.t.c

And the reason many companies give varable pay is so that they can defer it when ever they feel that the employees performance is not up to the mark.

Variable salary is that part of salary that makes CTC package attractive , employee in hope and employer confident......................................... ....... hope you understand the worth of variable salary

variable compmonent may also be baised on the target once achieve.It may be the least in one month and highest in other month i.e. there is a factor of change i.e variable in to it.

Variable salary is having a portion of your salary fixed and a potion be commission based on performance. Generally The fixed portion would pay towards benefits, and the variable would be dependent on one's performance.