In the highly structured and almost static state of work that exists in many contemporary corporations, it’s easy for employees to fall into a self-reinforcing cycle of demotivation and hence display minimal effort or even produce work of substandard quality. In attempt to rejuvenate office atmospheres, incentivize employees and create an environment in which workers continuously strive to better the caliber of their work, many corporations are adopting variable pay schemes. This is a pay plan in which employees are rewarded extra pay if their work surpasses the standards held by the company. However, this is contingent on whether or not the corporation reaches its goals and is capable of providing such compensations.... Read More ...

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