Dear Aditya,Variable Pay is an allowance that is incorporated in the CTC sheet, and this amount is generally linked with your & companies performance.There will not be a deduction every month from salary as this is normally a yearly component and reflects in the...

Hi to all can any one explain me abt variable pay we are recruiting marketing exceutives their basic salary would be 7000 wa would be their variable pay, how to calculate variable pay pls help me as soon as possible

Hi,I have resigned from my current company. My tenure here is 6 months. I am serving one month notice now.However, when I enquired about my Variable Pay, the Management is coming up with the reason of non-performance. Whereas, there has been no KRAs defined anyw...

I think I have clarified the point raised by you now in my previous reply itself. It is not a matter of law and if at all any law is applicable is the Contract Act. If it is a part of contract without any condition attached to it, then you can proceed against th...

Friends,I have a question regarding salaries and increment system.We run a multiproduct trading company in exports. In our company we employ several sales person – Monthly Salary Range Rs. 35000 to Rs. 75000\. Besides this, they get an annual performance ...

Hi!I want to implement performance based variable pay system in my organization. Can any one tell me how do i implement the same and how do i consider organization's performance also while giving rewards to employees.ThanksAmit

Can Variable Pay be a part of the CTC of an employee. As far as I think Variable Pay is based on the employees performance during the entire year so how can that be decided in advance. Is it correct to include it in the Annual CTC of an employee?Please share you...

I am looking for a letter format which talks of variable pay…This will be part of the increment letter...Something like.....In addition to the revision above, you will be eligible for a variable pay as decided by the company every year. The variable pay for FY '...

Guys i need some info on the concept of variable pay in differrent industries.

Dear Members:Performance based incentives is part of Salary Structure in my organization.One of our employee who has joined our organization since its inception was given the appointment letter where in the variable pay was calculated @ 10% of Basic, because it ...