Variable Pay Program Notes: Definitions & Explanations PDF | Download eBooks
Study Variable Pay Program lecture notes PDF with organizational behavior definitions and explanation to study “What is Variable-Pay Program?”. Study variable pay program explanation with organizational behavior terms to review organizational behavior course for online MBA programs.
Variable Pay Program Definition:
A pay plan that bases a portion of an employee's pay on some individual and/or organizational measure of performance.
Organizational Behavior by Stephen P. Robbins, Timothy A. Judge
Variable Pay Program Notes:
Variable compensation projects are an inexorably prevalent method of pay in the present business world. These projects, which are likewise once in a while alluded to as "pay-for-execution" or "in danger" pay plans, give a few or the majority of a workforce's remuneration dependent on representative execution or on the presentation of a group. Variable compensation defenders battle that giving substantial prizes to unrivaled execution empowers diligent work and effectiveness and fills in as a viable hindrance to fair or generally deadened work execution. Variable compensation projects are comprised of a wide range of remuneration strategies. In the broadest sense, variable compensation projects incorporate yearly motivators or extra installments; singular impetus plans; single amount installments; specialized accomplishment grants; money benefit sharing plans; little bunch motivations; gainsharing; and installments for recently procured aptitude and information. A few examiners contend that variable compensation projects ought to be characterized undeniably more prohibitively, however most concur that the majority of the above offer a typical accentuation on perceiving accomplishment, which is a definitive objective of variable compensation plans.
Keep Learning with Organizational Behavior Notes
What is Availability Bias?
The availability bias is the human tendency to think that examples of things that come readily to mind are more ...
What is Perceived Conflict?
Conflicts may, in some cases, emerge regardless of whether no states of dormant clash exist. This is the phase when ...
What are Whistle-Blowers?
A whistleblower (also written as whistle-blower or whistle blower)is a person who exposes any kind of information or activity that ...
What are Authentic Leaders?
These authentic leaders are mindful and certified. True pioneers are self-realized people who know about their qualities, their impediments, and ...
What is Imitation Strategy?
Imitation strategy is the cognizant or oblivious conduct of duplicating others. It very well may be differentiated to advancement, which ...
What is Job Involvement?
Occupation Involvement alludes to the mental and enthusiastic degree to which somebody partakes in his/her work, calling, and friends. Appearing ...