Total remuneration of chief executives increased by 33pc, while the average increase in company value was 24pc, the think tank said.

Total remuneration would be halved while administration costs would rise considerably.

Head of PR and marketing services group Chime got 20% boost in total remuneration package last year.

This had led to the development of top executives receiving not a salary but a 'total remuneration package' which includes a whole range of fringe benefits.

Compensation of employees (COE) measures the total remuneration to employees for work done.

Financial sources said yesterday that Mr. Sells's contract with Revco calls for a total remuneration of more than $20 million over several years.

Most ordinary shareholders have never had a total remuneration package and have never been part of a performance-related bonus scheme.

Britain's bosses are getting twelve point three percent more in total remuneration than they were last year, their workforce is getting nine point eight percent.

In practice, judges receive a much higher total remuneration package than the basic salary stated in the Order mentioned above as they also receive allowances.

We are cutting the total remuneration - the Parliamentary and Ministerial salaries combined - of all Ministers by five per cent relative to that received previous administration.

In 2001, the average chief executive of an industrial company with approximately $500 million in sales was paid $1.9 million, according to the Towers Perrin Worldwide Total Remuneration Report.

In December 2011 it was revealed that Hammergren was highest paid CEO in the US with total remuneration in excess of $145m (mostly in stock options).

In South Africa, the manufacturing work force is heavily unionized, costing employers almost $5 an hour in total remuneration, double the cost in Mexico or Brazil and eight times the cost in China.

The remuneration committee, consisting of all the independent directors, determines the employment terms and total remuneration of the executive directors and the amounts to be appropriated to employees through the profit sharing scheme.

The difference between the cost of the total remuneration of 600 officials before termination of service and the cost of the allowance they will receive afterwards will finance the recruitment of 258 new officials.

Of course, bonus policy is only one part of a bank's total remuneration and motivation structure which may include pay scales, promotions and reviews, share and option schemes, pensions, expenses, and benefits in kind.

The reason is that in these accounts, CE is defined as "the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period".

These recruiters may earn 20% to 35% of the candidate's first-year base salary or total remuneration as a hiring fee; the fee may also be calculated to include the candidate's (that is, the successful hire's) median or expected first-year bonus payout.

They are ranked seventh in total remuneration in 2001 with $380,619 worth of cash and stock, according to a director compensation study by Pearl Meyer & Partners, a New York based compensation consulting firm, which based the rankings on the value of a company's stock on the date of its annual meeting.

Taking as criteria the number of affordable units, the average total employed persons, the total remuneration to employed persons and the total gross output, major sub-sectors were food products, beverages and snuff, wood industry and wood products ( including furniture), and chemicals, petroleum products and coal, rubber and plastic.