Variable Pay. Exporting Bonus Payout Summary Reports. Nov 09 2020 Variable pay is generally a percentage component of the employees fixed salary that he will get on a quarterly or yearly basis depending upon the companys norms.
It can also stand for the amount of money that you get towards your incentive for the work that you have done at the office. Presently the Executives variable pay will be tied to the following criteria. Variable pay is the percentage component of your fixed salary that you will not get monthly but quarterly or yearly.
Nov 09 2020 Variable pay is generally a percentage component of the employees fixed salary that he will get on a quarterly or yearly basis depending upon the companys norms.
Advantages One of the primary advantages of variable pay is employee retention. Variable pay is one of the five main components of total rewards in any organisation and is usually a percentage of fixed pay. March 2021 go back 12. Then your monthly salary will be 7512 -PF - Tax.
