What is the Flexible Wage System (FWS)?

Gain an understanding of the FWS and why implementing it can benefit employers and employees.

05 Apr 2023 Tools and templates Employment contract Performance management Recruitment Remuneration Term contract employment Trending Best practices

The Flexible Wage System (FWS) is a nimble and competitive system that enables companies to respond swiftly to changing business situations. It has sizeable variable components and can be adjusted to reduce wage costs during business downturns and reward employees when the company does well.

This infographic is the first of a three-part series on Enable Greater Business Agility with the Flexible Wage System Today. 

View part two of the series: How Does the Flexible Wage System (FWS) Work?

View part three of the series: Embarking on the Flexible Wage System (FWS).
 
What is the Flexible Wage System
Download Publication

You may also like