abhi85km
Respected Seniors, I am Abhimanyu, new in this field so please tell me what is variable salary ? Regards, Abhimanyu
From India, Gurgaon
OM18467
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

From India, Delhi
iinfrasolservices
19

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
From India, Mumbai
TELIKEPALLI
85

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.

From India, Hyderabad
Mahr
477

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

From India, Bangalore
joyneo05
1

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

From India, Bangalore
Priya Joseph
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.
From India, Bangalore
rsujatasingh
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
From India, Mumbai
kopalpandey
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.
From India, Delhi
Mahlo
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.
From South Africa, Johannesburg
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.






Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.