Compensation

Experience, literature and research clearly indicate that variable pay (VP) programmes are a key element in improving employee productivity. Smartly designed variable pay programmes  can lead to an increase in discretionary performance, higher levels of employee engagement and the employers’ ability to influence not just the output (what) but also the desired behaviours (how) of employees.

This was the subject of the forum meet held at Ahmedabad in February. Samir Parikh of Naman Integrated Management Services and his associate, Gargi Sawant, an organization development and human resources consultant shared their experiences of working with various organizations on compensation packages, thus providing insights into the complexities and challenges of designing ‘total rewards packages.’

Total Rewards Packages