Meanwhile a recent industry-sector pay review suggested that remuneration is well below that of GPs, and wages all but stagnant and falling for non-farm vets.
I am not convinced that the headline conclusion of the High Pay Centre's report released on Monday – which suggests that remuneration committees were a closed shop in which 46% of the members are current or former lead executives of large companies – is what drives executive compensation upwards.
In terms of economic factors, existing evidence suggests that remuneration and financial rewards influence staff turnover (4, 46), but financial incentives on their own are insufficient as a retention strategy (46).
While economic factors play a significant role in the decisions of HWs as to where they wish to work [ 5, 10], evidence suggests that remuneration is not the principle motivating factor [ 11- 15].
He suggested that the remuneration consultations which advise companies on pay deals could be paid a fixed fee, rather than by the hour.
The High Pay Commission, which reported yesterday, suggested putting employees on remuneration committees, publishing the top 10 executive pay packages and forcing companies to reveal the pay ratio between the highest paid executive and the company median.
The most useful difference between the two groups, from the working American translator's perspective is that front and centre on the Brits' web page is a suggested minimum rate of remuneration, stated flat out: 80 pounds per thousand words for prose, and 85p per verse for poetry.
Several studies have suggested that a mixed remuneration model combining fee-for-service and more generous capitated payments might be a more promising solution [ 22] for the management of complex clienteles.
It is suggested that changes in remuneration which encourage doctors to spend more time with patients would improve the doctor-patient interaction and, consequently improve trust in regular healthcare.
But recent data suggests the average remuneration for 1,265 senior bank staff was £1.8m in 2010.
I would suggest that all remuneration in a period in excess of ten times median earnings of the jurisdiction in which they are recorded, be disallowed for corporate taxation purposes.
