Section XII - Variable reward schemes
Contingent and variable pay
277
The scope of contingent and variable pay
279
Performance-related pay
281
Bonus schemes
304
Gain-sharing
318
Profit-sharing
324
Profit-sharing v gain-sharing
328
Employee share ownership plans
332
Competency-related pay
340
Skill-related pay
343
Contribution-related pay
346
ix
Section XIII – Making the case for and against variable
pay
The impact of financial rewards on motivation, engagement and
363
commitment
Advantages and disadvantages of variable pay and incentives
372
Balancing base and variable pay: The financial and banking sector 380
The impact of the European financial sector regulation development
387
Underpinning variable pay practices
389