In 2020, variable payments that are part of the cost to company (CTC) of employees mostly in the corporate sector could witness a 10 percent rise.Members of the senior management at most companies could see their variable pay at 50 percent from the current 40 percent.The move does not necessarily mean that salaries would rise as variable pay depends on the performance of a company in contrast to that of an employee.Close In this episode of Reporter’s Take, Moneycontrol’s Jerome Anthony talks to M Saraswathy to find out why variable pay could rise in 2020.Watch the video for more.LIVE NOW… Video series on How to Double Your Monthly Income… where Rahul Shah, Ex-Swiss Investment Banker and one of India’s leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE.
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