Class Notes (834,819)
Canada (508,737)
Langara College (1,809)
BUSM 1100 (94)
K.Hall (92)
Lecture

Variable Pay.docx

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Department
Business Management
Course
BUSM 1100
Professor
K.Hall
Semester
Winter

Description
Variable Pay  Any plan that ties pay to productivity or profitability Purposes:  Helps employer manage total compensation budget  Helps incent and reward good performance Line of Sight – extend to which an employee can relate his or her daily work to achievement of overall corporate goals  Need to understand corporate strategy and how their work as employees is important to achievement of strategic objectives Variable Pay Programs  Vary by type of employee and objectives of employer o Cash
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