This article explains how clients can add special compensation to reward EOR employees.
In this article:
What is variable compensation?
Variable compensation allows you to specify performance-related additional amounts that you can give to your employees. It is a financial incentive to reward hard work, and a job well done.
Clients can amend a contract at any time to add variable compensation, and then clients will make invoice adjustments to award the money.
The employee may be entitled to a Variable compensation at the sole discretion of the employer.
How to add a Variable compensation to an EOR contract:
✅ Step 1 – Click on the Contracts tab (1) and select a full-time employee (2)
✅ Step 2 – Select the (1) Contract Details tab and click (2)
✅ Step 3 – Click Amend in the Compensation Details box
✅ Step 4 – Select the Add annual variable compensation toggle button
✅ Step 5 – Enter the Amount or Percentage of annual variable compensation
Rewarding EOR employees with a yearly variable compensation is a decision left to the sole discretion of employers, and employers may choose any amount or percentage up to the maximum value listed. Then click Update
✅ Step 6 – Click Send Amendment Request
Amending the contract to include a variable compensation does not automatically award the employee extra compensation.
If you wish to award an EOR Employee the variable compensation, you must manually add a variable compensation to the invoice. Refer here for more information.