登录查看更多内容

How can you design a variable pay plan that aligns with business goals and values?

由人工智能和领英社区提供技术支持

Variable pay plans are compensation schemes that reward employees based on their performance, results, or contribution to the organization. They can be a powerful tool to align employee behavior with business goals and values, as well as to motivate and retain talent. However, designing a variable pay plan that works for your organization requires careful planning, communication, and evaluation. Here are some steps to help you create a variable pay plan that suits your needs.

此文章中的业界达人

由社区从 3 条内容中精选。了解更多

André Schwambach, MSc

Linkedin Top Educational Leadership Voice 2.024 | Mestre Educa??o Corporativa | Fundador da softskillscombr | Criador…

1 Define your objectives

Before you decide on the type, amount, and frequency of variable pay, you need to clarify what you want to achieve with it. What are the specific business goals and values that you want to align with your employees? How do you measure and evaluate them? How do you communicate them to your staff? Your objectives should be SMART: specific, measurable, achievable, relevant, and time-bound. They should also be aligned with your overall compensation strategy and budget.

添加您的观点

André Schwambach, MSc

Linkedin Top Educational Leadership Voice 2.024 | Mestre Educa??o Corporativa | Fundador da softskillscombr | Criador do canvas ADAP? | Transformo Líderes Comuns em Soft Skills Players
举报内容
Eu já vi líderes que s?o contra premiacoes para que as pessoas fa?am o que tem que ser feito. Comparam os funcionários a focas, que ganham peixe a cada movimento solicitado. Trata-se de comportamentalismo... Quando se entra na seara do construtivismo, fazendo com que o colaborador seja o protagonista da história, a vis?o muda. N?o se trata de ser foca, mas de ser um le?o, uma leoa! O que o colaborador conseguiu fazer a mais, que virou o jogo e pode ser multiplicavel.

已翻译

赞

2 Choose your plan type

When considering variable pay plans, you should take into account your objectives, employee roles, and organizational culture. Common types of variable pay plans include bonus plans, commission plans, profit-sharing plans, and stock options or equity plans. Bonus plans are one-time payments that reward employees for achieving predefined targets or completing projects or tasks. Commission plans reward employees for generating sales or revenue, usually as a percentage of the amount. Profit-sharing plans reward employees for contributing to the organization's profitability, usually as a percentage of the profit. Stock options or equity plans reward employees for increasing the organization's value by granting them the right to buy or own shares of the company at a discounted price. Each plan type has its own pros and cons, so you need to carefully consider them before making a decision.

添加您的观点

3 Set your plan parameters

Once you have chosen your plan type, you need to define the specific parameters that will determine how much and how often your employees receive variable pay. This includes considering who is eligible to participate, what performance criteria will be used to measure employee performance, how the amount of variable pay will be calculated, the frequency of payouts, and the method of delivery for variable pay. Additionally, you should think about how to handle exceptional or unexpected situations such as employee turnover, leaves of absence, or changes in business conditions.

添加您的观点

André Schwambach, MSc

Linkedin Top Educational Leadership Voice 2.024 | Mestre Educa??o Corporativa | Fundador da softskillscombr | Criador do canvas ADAP? | Transformo Líderes Comuns em Soft Skills Players
举报内容
Usar OKR, permite a participa??o de todos os colaboradores, de todas as áreas e de toda a empresa. Qual é o objetivo que a empresa espera? Qual é a supera??o desse objetivo? O que a empresa espera como comum e como extraordinário. Se o profissional atingir o extraordinário, ele será merecedor do b?nus. Estabelecer quais objetivos s?o prioritários para se buscar esse extra, faz do OKR, completo.

已翻译

赞

4 Communicate your plan clearly

A variable pay plan will only work if your employees understand it and trust it. Therefore, you need to communicate your plan clearly and transparently to your staff, as well as to other stakeholders, such as managers, HR, and finance. You should explain the purpose, benefits, and details of the plan, as well as the expectations and responsibilities of the participants. You should also provide regular feedback and recognition to your employees on their performance and variable pay outcomes. Communication is essential to ensure that your plan is fair, consistent, and credible.

添加您的观点

André Schwambach, MSc

Linkedin Top Educational Leadership Voice 2.024 | Mestre Educa??o Corporativa | Fundador da softskillscombr | Criador do canvas ADAP? | Transformo Líderes Comuns em Soft Skills Players
举报内容
O OKR é propício para essa comunica??o! Em todos os seus passos já prevê a atitude, a habilidade e o conhecimento que se precisa para chegar aos resultados. é desenvolvimento profissional com resultados extraordinários.

已翻译

赞

5 Evaluate and adjust your plan regularly

A variable pay plan is not a static or one-size-fits-all solution. It needs to be evaluated and adjusted regularly to ensure that it remains effective, relevant, and aligned with your business goals and values. You should monitor and analyze the results and impacts of your plan, such as employee satisfaction, motivation, productivity, retention, and profitability. You should also solicit feedback and input from your employees and other stakeholders on their experiences and suggestions for improvement. Based on your evaluation, you should make necessary changes or modifications to your plan parameters, communication, or administration.

添加您的观点

6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

添加您的观点

Staff Development

+ 关注

给文章评分

我们借助人工智能创建了此文章。您认为这篇文章怎么样？

很棒不太好

举报此文章

查看全部

How can you design a variable pay plan that aligns with business goals and values?

1

2

3

4

5

6

1 Define your objectives

2 Choose your plan type

3 Set your plan parameters

4 Communicate your plan clearly

5 Evaluate and adjust your plan regularly

6 Here’s what else to consider

Staff Development

给文章评分

感谢您的反馈

更多Staff Development相关文章

更多相关阅读内容

How can you design a variable pay plan that aligns with business goals and values?

1

2

3

4

5

6

1 Define your objectives

2 Choose your plan type

3 Set your plan parameters

4 Communicate your plan clearly

5 Evaluate and adjust your plan regularly

6 Here’s what else to consider

Staff Development

给文章评分

感谢您的反馈

查看其他技能