Making a success of your individual variable plan
The success of an individual employee variable plan depends on the quality of its design as much as on the rigour with which it is implemented.
This method of compensation responds to the challenge of differentiation according to performance and therefore to the challenge of attracting and retaining employees.
In our experience, to be effective, your variable pay system :
- Based on two schemes: the executive bonus and the target bonus for managers and key employees
- Complements collective variable compensation such as team-based profit-sharing or profit-sharing
- Remains consistent with your company’s culture and values
Our associated consultants will work with you to mitigate the risks inherent in this type of project and build a sustainable solution adapted to your situation.