Suman Shankar, Associate Director, Cerebrus Consultants and Zubin Mulla, Assistant Professor at Tata Institute of Social Sciences addressed challenges and questions on Variable Pay.
Using 'Carve-Outs' approach can help organizations live up to their aspirations to truly pay for performance and avoid creating an expensive and ineffective entitlement mindset about pay.
The best variable pay programmes are those that reflect the company’s particular business model and culture, rather than those which are copied from ‘best practice’ or industry standards.
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.
