The Pros and Cons of Variable Pay Plans
Variable pay plans, also known as performance-based or incentive pay, are compensation structures that tie a portion of an employee’s earnings to their individual or team performance. These plans aim to motivate employees to achieve specific goals and align their efforts with the organization’s objectives. While variable pay plans can be highly effective in driving performance and engagement, they also present certain challenges and considerations. In this article, we will explore the pros and cons of variable pay plans to help organizations make informed decisions about implementing them.… Read more “The Pros and Cons of Variable Pay Plans”