The enormity of the recent economic crisis has forced many companies to review their goals and business strategy, including its employees and the system of executive pay. Wage levels, in general, remain flat, in order to help reduce costs. The most significant changes were in the model variable pay. New approaches, such as payment delay, request a refund or attire, are becoming more common, often as a result of the new rules and better control codes. The authors take a comprehensive look at the current trends in the fixed and variable salary. Based on their examination of the financial and insurance sectors in Spain, they recommend a few ways that companies can improve employee and executive compensation policies. "Hide
by Sandalio Gomez, Ignacio Contreras Source: IESE-Insight Magazine 7 pages. Publication Date: December 15, 2010. Prod. #: IIR037-PDF-ENG
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