Detailed salary data is gathered from each organisation, and where possible, a full breakdown of all the components of pay. This enables 21st Century to report for each individual component of pay. However, some organisations operate in an environment of “total cost” or “total package” approach, and the individual breakdown of pay is driven by individual lifestyle decisions rather than company policy. For this reason, the benchmark for total guaranteed package is the most reliable line item for reference purposes, since it contains all the components of pay, irrespective of how the package is broken up.
Please remember that there exists a minimum and a maximum number on either side of the 10th percentile and 90th percentile.
Please note that the ‘total remuneration’ is not an arithmetic sum of the quartiles. In other words, the quartiles for each element of pay are re-calculated per item, and do not follow mathematically down the column. This is because an incumbent may earn fixed pay at the upper quartile, with variable pay at the lower quartile (or vice versa). Furthermore, not all incumbents receive all 3 elements of pay. As an example:
In this example, the median figure on total remuneration is not the sum of the guaranteed package plus the short-term incentive. Only a portion of this sample offer a short-term incentive, whereas the total remuneration is calculated for the entire sample, including those where no short-term incentive was paid.