Hello, can anyone help me with explaining the fixed and variable salary structure? I am often asked about how much is fixed and how much is variable in your CTC. I would be glad if you could attach a format for these. My company doesn't define it separately as to what is fixed and what is variable. Is it always necessary that the variable pay, which is linked to performance, is included in the CTC?
Thanks
From India, Indore
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From India, Indore
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Hi,
Fixed pay is what you will be getting for sure monthly. Variable pay depends on your individual performance and is also linked to the company's business. Some companies do have the system of having fixed and variable pay in the salary component.
Regards,
Anita
From India, Madras
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Fixed pay is what you will be getting for sure monthly. Variable pay depends on your individual performance and is also linked to the company's business. Some companies do have the system of having fixed and variable pay in the salary component.
Regards,
Anita
From India, Madras
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VARIABLE PAY.doc
India Inc Moves to Link CXO Pay to Performance.pdf
Designing pay Structure, Levels, and Mix.ppt