Question

If you could change your current pay chart ( i.e 75% wages +25% benefits) would you and why?

Answer 1

Fixed pay is the fixed amount of salary that an employee gets at the end of the month whereas Variable pay is the incentive paid to the employee, monetary or non-monetary, based on their performance for the month. The ratio of fixed to the variable component, as a norm, varies based on the role the employee plays.

If my work performance is like marketing or like making more clients based, then of course I will go for fixed plus variable as as will get as I will Do for Company and fixed amount will be for safe side that if in any acse I dont get any client Still I will get some amount which is not depending on my actual effective performance.

so, ratio will be fixed 80 and 20 variable.

and,

in the other scenirio If my work is related to for example administrative purpose, then I will go for fixed payement 100%, because there I dont have any option for variable portaion, yes there are some space for getting variable pay on the basis of cost saving or tax saving benefits to company.

so ratio will be fixed 90 and 10% variable.

hence its all depend on my work or say kind of work.