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Essay

variable pay

Essay specific features

 

Issue:

Business

 

Written by:

Lloyd G

 

Date added:

April 2, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

14 / 3749

 

Was viewed:

857 times

 

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Essay content:

In addition, the focus of the variable pay plan should be on motivating employees or cutting cost and how to strike a balance between these two is also an essential issue. Finally we conclude that we always have to assess the circumstances of the organization before applying the plan. Variable Pay Plan 3 Variable Pay Plan: One Way to Motivate Employees and Cut Cost...
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More and more American employees who in the past are used to receive fixed pay with annual raises now work under pay systems with uncertain elements. (William M. Mercer Inc., 1999). Kristine and Mark's study (2002) showed that even though the predicted values of the variable pay plan were lower than the offered fixed pay, generally most of the employees would choose the variable pay as long as it was linked to individual performance...
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