Explain, communicate, evaluate... is there anything else?

A simulation and communication tool with user-friendly graphics accessible to all beneficiaries will contribute to your variable pay scheme’s success. The tool facilitates familiarisation with your variable pay scheme, communicates any variable pay earned, maintains motivation and makes variable pay more tangible.

Identifying any misconceptions, making sure that scheme participants understand fully your scheme design and intent: management has a vital role to play in communicating and overseeing your variable pay policy.

A variable pay scheme, irrespective of whether it is brand new or a revision of an existing plan, must be perceived as a real blueprint for change within your company.