Respected Seniors, I am Abhimanyu, new in this field so please tell me what is variable salary ? Regards, Abhimanyu
From India, Gurgaon
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From India, Gurgaon
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Hi Abhimanyu,
The gross salary of the employees comprises two components: fixed pay and variable pay, i.e., performance bonus. The fixed component is paid on a monthly basis, while the variable component is performance-driven and paid on a periodic basis.
Regards,
Mahek
From India, Delhi
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The gross salary of the employees comprises two components: fixed pay and variable pay, i.e., performance bonus. The fixed component is paid on a monthly basis, while the variable component is performance-driven and paid on a periodic basis.
Regards,
Mahek
From India, Delhi
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Linking a part of your CTC to a complex matrix of performance, which you will find hard to comprehend, is called Variable Salary. In simple words, it's 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 feel you are worth the amount at the end of a particular period.
Regards
From India, Mumbai
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19Regards
From India, Mumbai
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Hi Friend,
Variable Salary means apart from the regular salary. Performance incentives, special awards, target achievement payments, etc., are payments made only after the target achievements or successful completion of projects. It is also a part of CTC.
From India, Hyderabad
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Variable Salary means apart from the regular salary. Performance incentives, special awards, target achievement payments, etc., are payments made only after the target achievements or successful completion of projects. It is also a part of CTC.
From India, Hyderabad
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Dear Abhimanyu,
Please check the given link: #post1219130.
Best regards,
Mahesh
From India, Bangalore
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Please check the given link: #post1219130.
Best regards,
Mahesh
From India, Bangalore
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Dear Abhimanyu,
Salary mainly consists of three major parts. The first is the fixed salary that is mentioned in your appointment letter (Basic, HRA, CCA, etc.). The second is the variable salary that varies every month. It may comprise all sorts of incentives, bonuses, allowances, etc. The third part is the deduction section, which includes all sorts of deductions like PF, ESIC, PT, etc.
Thank you.
From India, Bangalore
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Salary mainly consists of three major parts. The first is the fixed salary that is mentioned in your appointment letter (Basic, HRA, CCA, etc.). The second is the variable salary that varies every month. It may comprise all sorts of incentives, bonuses, allowances, etc. The third part is the deduction section, which includes all sorts of deductions like PF, ESIC, PT, etc.
Thank you.
From India, Bangalore
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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
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From India, Bangalore
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Variable salary is that part of the salary that makes the CTC package attractive, the employee hopeful, and the employer confident. I hope you understand the worth of variable salary.
From India, Mumbai
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From India, Mumbai
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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
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From India, Delhi
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Variable salary consists of a portion of your salary that is fixed and a portion that is commission-based on performance. Generally, the fixed portion contributes towards benefits, while the variable portion is dependent on one's performance.
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If you have any further questions or need clarification, feel free to ask.
From South Africa, Johannesburg
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If you have any further questions or need clarification, feel free to ask.
From South Africa, Johannesburg
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Dear All,
The concept of variable salary is derived from sustenance pay and pay for performance. Any organization having clear business goals and employees' deliverables should opt for a remuneration package fixed to counter the cost of living at the employee's stature and remuneration based on the deliverables of the organization, functions, and individuals.
Normally, the variable component varies from 15% to 50%, depending on hierarchy and responsibility levels.
Hope I have been able to satisfy your query.
From India, Delhi
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The concept of variable salary is derived from sustenance pay and pay for performance. Any organization having clear business goals and employees' deliverables should opt for a remuneration package fixed to counter the cost of living at the employee's stature and remuneration based on the deliverables of the organization, functions, and individuals.
Normally, the variable component varies from 15% to 50%, depending on hierarchy and responsibility levels.
Hope I have been able to satisfy your query.
From India, Delhi
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Salary Break Up - Performance Pay.xls
Variable Pay & Executive Compensation.pd f
Salary & Compensation Guidelines.zip