Variable Pay May Also Be Called. Variable pay plans for sales represents a pay-mix that may be a 70-30 or 60-40 or 50-50 plan. Generally it is paid when as a way to appreciate and recognize the employee efforts.
Variable pay is that portion of the compensation which is determined by the performance of an employee. Compensation can be fixed andor variable and is often both. Generally it is paid when as a way to appreciate and recognize the employee efforts.
Variable pay is often based on two main factors.
We have also removed the top stop on the variable. Aug 20 2012 Variable pay also known as performance pay is used to recognise and reward employee contribution above and beyond their normal job requirements towards company productivity profitability quality and the like. Commissions incentives and bonuses are forms of variable pay. Some such as holiday pay vacation pay etc are usually paid for by the firm.
