I'm working on a business discussion question and need an explanation and answer to help me learn.

Total Rewards Knowledge 6: Pay for Performance

Please view the following video in its entirety:

https://www.youtube.com/watch?v=-XqfsfLiy90

In the video, base pay and variable pay are discussed. What are the main differences between each? How would you know if your company’s base pay is equitable and how would you use variable pay to drive organizational performance? Make the connection and be specific.