6/02/2012

Variable pay is increasingly been used as an effective tool to communicate the linkage between individual performance and organization’s business objectives, as well as to drive and reward higher performance. More than 80% of companies worldwide are offering variable pay plans, (according to a recent survey by Hewitt Associates) clearly highlighting its prominence in the total direct compensation package.

In emerging markets like India where talent performance and retention are key business drivers, variable pay, especially in the form of incentives, bonuses and stock options are widely used across sectors.

Yet designing and implementing effective variable pay plans continues to be a challenge and require HR professionals to have a good understanding of business strategy and organisational culture.

Tap the knowledge & experience from our Subject Matter Experts and stay ahead of the curve. This Chat will help address the issues & challenges HR practitioners face in the following areas of Variable Pay:-

•    Variable pay strategy
•    Designing a variable pay plan
•    Communicating, implementing and administering a variable pay plan
•    Evaluating variable plan effectiveness
•    Trends & next practices

Chat on Making Variable Pay Work
Date: Thursday, February 23, 2012
Time: 3:00 pm to 4:00 pm (IST)

LOGIN HERE to view the Chat

CLICK HERE to read answers to FAQs by our Knowledge Advisor Simran Oberoi

CLICK HERE to read transcript of chat held on Feb 23, 2012

Panelists:

Suman Shankar, Associate Director, Cerebrus Consultants
A Post Graduate in Management and Cost Accountant by qualification, Suman is Associate Director at Cerebrus Consultants. She has over 15 years of consulting experience. Prior to joining Cerebrus she was with AF Ferguson and Ernst & Young. Her experience spans a wide gamut of HR areas, especially job evaluation, compensation and benefits. Suman has worked on assignments with several IT, BPO, Telecom and manufacturing organizations in these areas.

Dr. Zubin R. Mulla, Assistant Professor, School of Management & Labour Studies, Tata Institute of Social Sciences
A PhD in Management from XLRI, Jamshedpur, Zubin is an Assistant Professor at the School of Management & Labour Studies, Tata Institute of Social Sciences. Prior to entering the teaching profession in 2005, he worked as an engineer and a management consultant for eight years. His research interests are in the areas of transformational leadership, Indian culture and executive compensation.