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Variable compensation, also known as variable pay , is supplementary compensation typically tied to performance goals measured by specific metrics. Lowering fixedcosts: Variable pay programs allow you to lower base salaries because you’re offering employees the prospect of earning additional money.
And the already significant fixedcosts of adding staff are only getting steeper. Given all those factors, there is less and less margin for error when it comes to talent acquisition and retention. This year’s 4.8 This year’s 4.8 And it doesn’t stop at the recruitment process, he says.
Improving employee retention – Employees are more likely to stay with an organization if they feel there are opportunities to grow. Phillips added a fifth level, which is return on investment (ROI) – a metric that is incredibly valuable for HR leaders to demonstrate to decision-makers the importance of training.
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