Term: Variable Pay
Definition:A monetary reward that is discretionary or contingent based on performance or operating results attained rather than fixed compensation expenses (e.g. base pay). Variable pay is considered to be “at risk” pay and can be designed for an individual, team, department, unit, or an entire organization.
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ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®