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That formula includes targets for long-term equity incentives and other assumptions used to value the elements of pay.
The figures for many of the corporations were impacted by the inclusion of bonus or equity elements of pay.
For instance, the averages for the code staff need to be worked out manually, while decisions also need to be made about what elements of pay to include in the calculation.
That is because they have been issued with so-called 'buyout' personal contracts, which are usually given to more senior staff on high salaries and are used to replace the separate elements of pay such as unpredictability allowances, overtime and additional days payments with an all-inclusive payment.
"My research suggests that it is critical to distinguish between different elements of pay – and when and how they are paid – rather than focusing on total compensation," he says, pointing out the difference between long-term share incentive schemes, which reward success, and basic pay, which doesn't necessarily do so.
But the consultants' job has changed since they stopped working for executives and took up with the board instead, and they themselves seem happier to work that way.How to cut severance payEven the most controversial elements of pay may have a market logic.
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Next year, expect greater integration between all the elements of paid, owned and earned, which we call Converged Media".
They quickly turned around a native iOS app that seemed to marry elements of paid camera app Hipstamatic with social features.
Even cutting, say, a quarter of the ministerial element of pay would still leave a cabinet minister earning around £120,000, comfortably in the top 2% of earners.
It has played its part in creating the notion that news should be free, which stands as a barrier to introducing any element of pay to newspaper websites.
In 2013, for the first time, 150 senior managers had an element of pay linked to what the new boss Antony Jenkins calls the "five Cs".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com