Profit-Sharing Plans: Variable Pay and Executive Compensation Overview

Variable pay and executive compensation are both types of profit-sharing plans that your company can utilize. They allow employees to share in the financial successes of their respective companies during years of profitability. Therefore, this plan is still used to incentivize employees, encouraging them to work hard, be productive, and deliver quality results, as a way to aid in the financial growth of a company.
If you’re a company that’s looking for an additional plan to add to your benefits package that will also boost your bottom line, take a look at the information on these particular plans below to determine whether they’re the right fit for your business.
Defining Variable Pay and Executive Compensation