Variable Remuneration
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Craig France, Executive Consultant at 21st Century – explains this ‘new’ business term
It is this ever-changing world that is altering the business environment at such a rapid rate and employers are having to come up with more creative incentives for employees – hence this new term Variable Remuneration. Craig France, Executive Consultant for 21st Century explains what Variable Remuneration actually is and why it is a necessity in today’s competitive business atmosphere.
“Remuneration has always meant getting paid for a job that you do, however, in today’s business world where your good employees are being poached, are easily distracted by the social media platformsand what else may be out there, or are not feeling adequately appreciated, remuneration has had to change and evolve and now needs to come in various forms – hence the term Variable Remuneration,” explains France.
“It is, however, very difficult for an employer who has to manage and direct a business in its entirety, every day, to think up creative, valuable and appropriate rewards for their employees.” Hence the meteoric rise of 21st Century – a Variable Remuneration driven consultancy that assists employers in effecting proper solutions that will not only keep the employee career driven but will also motivate them to do better, strive further and achieve more.
