Hi Everyone, We are looking to introduce variable...
# compensation-and-benefits
m
Hi Everyone, We are looking to introduce variable pay component for the first time - we've been an all fixed CTC company so far. Anyone who can guide me / share resources on how to introduce this model or refer an agency / consultant who can help.
a
Thanks for asking Albus
Sure, introducing a variable pay component can be a strategic move for your organization. It can motivate employees to perform better and align their efforts with the company's goals. However, the document does not provide specific information on how to introduce this model or refer to an agency/consultant who can help. It would be beneficial to consider factors like your company's size, industry, and specific goals while designing this model. You might also want to consider seeking advice from HR consultants or firms that specialize in compensation structures.
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s
@Mandavi Jayakar Happy to assist here
m
Hey Shreyanka - DMing you
a
Happy to help.....I just recently got done with this activity with my org.
n
@Mandavi Jayakar I have DM u . Let's connect.
j
Hello @Mandavi Jayakar, I represent People Theory and specialize in implementing variable pay structures for our clients. Please feel free to reach out if we can be of assistance.
d
@Mandavi Jayakar - I was instrumental in implementing variable pay in my last company. Will be happy to help