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Variable or Performance Related Pay

Variable or Performance Related Pay (Guidelines and Explanatory Notes)

£10.00
Incentivisation of performance at an individual employee, team, and organisation level is a key contributor to the motivation of employees and the ongoing success of the organisation. There are many options available making the introduction of Variable or Performance Related Pay Schemes both flexible and scalable. They can also be kept simple and practical. To introduce them is easier than you think and this booklet outlines the key aspects of different schemes and how to use them

Contents

This fifteen page booklet is designed to provide HR Managers with key insights into the use of Variable or Performance Related Pay Schemes. It covers: -Definition of Variable or Performance Related Pay -Types of Variable Pay Schemes -Group or Team Based Incentives -Review and Recognition -Critical Success Factors of Variable Pay Schemes -Link to the Organisation’s Business Strategy -Assessment of your own systems -Integrated Rewards Use it to introduce Variable Performance Related Pay into your organisation or to update your approach to it.


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