Hot Topic Survey: Variable Pay - Your Advantage in a Competitive Labor Market

Guide
Compensation Planning

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As the tight talent market continues and competition for outstanding performers becomes stronger, a best practice is to review, revise or refine your total rewards strategy. To attract future employees and motivate and retain your current employees, employers must move to a more competitive compensation plan, beyond the standard base pay. Adding variable pay to the total rewards mix may be just the differentiator employees are looking for!

MRA – The Management Association conducted this brief survey to better understand variable pay practices, usage and advantages to help organizations gain or maintain advantage over the competition.