Making variable pay a reality

Having a component of compensation variable and linked with individual and team performance is becoming a common practice in global organizations. Variable pay programs are being used as a way to increase employee accountability and align employee aspirations with business outcomes. Implementing such programs however are not straight forward and businesses are often overwhelmed at the operational challenges. EmpXtrack Variable Pay Module, calculates compensation based on employee performance or the performance of a team. The methodology used by your company can be incorporated into the module; this module also integrates seamlessly with EmpXtrack Payroll module.

Benefits

• Offers compensation opportunities targeted to employees that most deserve it
• Maintains and reinforces the most critical business goals of the company
• Customizable for different kinds of employees – for example, top management and sales teams will have different pay for performance measures

Learn how EmpXtrack Goal Setting and Tracking, Training Management and Employee Appraisal – all part of EmpXtrack Performance Management can help your organization develop a high-performance workforce.