Hi Everyone,
I came to know from my MD that there is a significant discussion going on regarding the basis of variable pay in the Indian market (as my company is US-based). I need your help in obtaining information that clearly states what should be included in the variable pay and how it should be calculated (criteria for calculation). Please, can any of you help me out, as I have to submit this report by Friday? (I tried to search the document from citehr but couldn't succeed).
Cheers,
Kevina
From India, Ahmadabad
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I came to know from my MD that there is a significant discussion going on regarding the basis of variable pay in the Indian market (as my company is US-based). I need your help in obtaining information that clearly states what should be included in the variable pay and how it should be calculated (criteria for calculation). Please, can any of you help me out, as I have to submit this report by Friday? (I tried to search the document from citehr but couldn't succeed).
Cheers,
Kevina
From India, Ahmadabad
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Variable Pay:
1. This component is paid along with the CTC and is also not part of CTC.
2. It varies at each level with different parameters.
3. If you have a fixed VP in the offer letter, then this can be paid after the appraisal based on the ratings.
4. This can be paid after the employee completes a certain period in the company.
Trust this will help give you an idea to move forward. Please revert for further details.
Regards,
Dasa
From India, Bangalore
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71. This component is paid along with the CTC and is also not part of CTC.
2. It varies at each level with different parameters.
3. If you have a fixed VP in the offer letter, then this can be paid after the appraisal based on the ratings.
4. This can be paid after the employee completes a certain period in the company.
Trust this will help give you an idea to move forward. Please revert for further details.
Regards,
Dasa
From India, Bangalore
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hi, find the attached article on Variable Pay, hope it will help you to understand Variable pay to certain extent......... Shree
From India, Hyderabad
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From India, Hyderabad
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Hi Everyone,
Thank you for your quick help. It's really worth reading. I came to know the basic fundamentals of variable pay, i.e., ratios, factors/criteria to be considered for Variable Pay. I need a variable pay document as an example (of an IT company) so that I can give it to my boss, as my boss is insisting. I know it's a confidential document, but is anyone able to help me with this? Please help me out.
Cheers,
Kevina
From India, Ahmadabad
Acknowledge(0)Amend(0)
Thank you for your quick help. It's really worth reading. I came to know the basic fundamentals of variable pay, i.e., ratios, factors/criteria to be considered for Variable Pay. I need a variable pay document as an example (of an IT company) so that I can give it to my boss, as my boss is insisting. I know it's a confidential document, but is anyone able to help me with this? Please help me out.
Cheers,
Kevina
From India, Ahmadabad
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Variable Pay & Executive Compensation.pd f
VARIABLE PAY.doc