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Implementation of Variable Compensation
Human Resources » Compensation & Benefits


Chrm Message From: maheshwari Total Posts: 24 Join Date: 08/04/2009
Rank: Executive Post Date: 24/08/2016 10:11:06 Points: 120 Location: India
Dear colleagues,
 
Our organization is planning to implement a variable compensation structure and for the same I have been assigned to prepare policy draft, project plan etc.
 
Thus, I want to understan from you:
 
1. How and from where must I begin?
 
2. How can such guidelines be announced to the entire organization? – 
 
3. Explaining why are we introducing Variable compensation structure instead of the conventional compensation structure.
 
3.What should be the %age of variable component. In other words, what is the optimum mix of fixed and variable components? 
 
Can someone please let me know if they have prepared such a document while introducing variable compensation into your organization.
 
Look forward to your earliest replies.
 
Thanks,
Maheshwari
 
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