What kind of pay structure bases part of a worker's pay on an individual and/or organizational performance measurement?

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28-07-2022
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What kind of pay structure bases part of a worker's pay on an individual and/or organizational performance measurement?

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Tutorconsortium323 Tutorconsortium323 · Answer 1 · 2022-08-05T10:47:10+02:00

Variable-pay program is kind of pay structure bases part of a worker's pay on an individual and/or organizational performance measurement.

What is Variable Pay?

Variable pay, also called incentive pay, encourages employees to meet company objectives.

Business owners use variable compensation programs to influence employee performance. Employers reward employees with compensation that fluctuates according to measurable objectives.

Variable pay kicks in when employees reach financial goals such as a sales quota, or qualitative benchmarks such as productivity standards. It can also incentivize employees to take on undesirable shifts. Variable pay is often combined with fixed pay like salaries, which employees earn regardless of employer-promoted incentives.

Compensation to employees, variable or fixed, is subject to payroll taxes.

Types of variable pay

Variable pay comes in many forms, but the result is the same: cash in your employees’ pockets.

The list of variable pay examples is long, but they mostly fall into four categories.