Compensation FAQ
Compensation: Variable and Fixed
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Compensation Considerations and Issues SiteMap
  1. What is trend in Variable versus Fixed Compensation?
  2. Should You Change Your Compensation Program to Support Value Creation, Balanced Scorecard?
  3. Compensation Considerations?
  4. Team or Business Process Compensation Issues?

1. What is Trend in Variable versus Fixed Compensation?

Trend is toward variable compensation being a greater percentage of total compensation.  Variable compensation can be in form of bonuses, profit sharing, etc. 

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2. Should You Change Your Compensation Program to Support Value Creation, Balanced Scorecard?

Value Creation, Balanced Scorecard, and Performance Management will fail unless organization changes its compensation to support these programs.

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3. Compensation Considerations?

When designing a compensation program, organization should consider:

  • long term goals and strategy
  • market competition for labor
  • amount of desired turnover
  • comparable compensation by industry or geography
  • percentage of fixed and variable compensation
  • techniques being employed (e.g., value creation, scorecard)

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4. Team or Business Process Compensation Issues?

Compensation based on teams or business processes will require:

  • training
  • consideration of individual effort versus team
  • consideration of department/cost center activities versus entire process

 

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Call Jim Mullis or Richard Malekian at 972.980.7407 to find out how we can help you reach your goals and give your peace of mind

The Right Compensation Program Can Make a Difference

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Phone: 972.980.7407 email: assistyou@valuecreationgroup.com
Value Creation Group, Inc.
7820 Scotia Dr. #2000
Dallas, TX 75248

 

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