Performance bonuses and other variable compensation schemes weigh increasingly on the total compensation of senior managers.
In order to motivate and retain executives companies are tending more and more to compensate their executives with salary schemes where the variable proportion and that dependent on performance is increasing.
Paying with company stock, profit sharing from stocks or performance bonuses are some of the payment methods being used by companies for senior managers, as detailed in a report by consulting firm PriceWaterhouseCoopers.
Central American companies on average spend 217 hours and perform 34 different procedures in order to comply with the payment of taxes.
Even though the process for paying taxes are slower than in other regions, the overall tax rate paid by corporations in Central America is still lower than in other countries.
In Guatemala, telephony, retail sales, financial activities and services offer the best remuneration at managerial levels.
The survey Business System Salary Information by PricewaterhouseCoopers (PWC), reveals that it is in the area of services where executives receive more economic benefits, equivalent to $5,350 a month on average.
Although there are countries in Latin American where paying taxes is an even more cumbersome task, the country needs to improve both the rules and the operation of the tax collection system.
In the first quarter of the year spending on digital advertising reached $7.3 billion in the U.S.
The digitization of information on the Internet is making great strides, and an example of this is the exponential growth of scheduled advertising in digital media.
According to the latest salary survey of PWC, 90% of the surveyed companies plan to increase salaries in 2011.
Among the companies planning increases, the average pay rise will be 7.4%. The sectors where salaries will be most increased are hospitality (10%), technology (9.1%), retail l(9.0%), manufacture (8.3%), services (8.2%), agro industry (8.1%) and industry (8.0%).
According to a recent study by PricewaterhouseCoopers, nearly 40 per cent of CEOs plan to increase workforce in 2010.
With their worst fears of prolonged recession behind them, CEOs' confidence for future growth has bounced back from the gloomy prospects of a year ago, according to PricewaterhouseCoopers 13th Annual Global CEO Survey.
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