{"id":3036,"date":"2022-06-20T11:08:29","date_gmt":"2022-06-20T09:08:29","guid":{"rendered":"https:\/\/famousbrands.co.za\/iar2023\/remuneration-at-a-glance\/"},"modified":"2023-06-21T14:05:57","modified_gmt":"2023-06-21T12:05:57","slug":"remuneration-at-a-glance","status":"publish","type":"page","link":"https:\/\/famousbrands.co.za\/iar2023\/governance-and-remuneration\/remuneration-at-a-glance\/","title":{"rendered":"Remuneration at a glance<\/span>"},"content":{"rendered":"
\n

We attract, retain and reward talented employees by offering compensation that is fair and competitive within our industry.<\/h2>\n
\n
\n

Landscape and eligibility<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Fixed pay structure<\/td>\nNumber of positions<\/td>\nEmployment category<\/td>\nVariable pay structure<\/td>\n<\/tr>\n<\/thead>\n
TCC = Base salary + medical insurance + retirement fund + benefits<\/td>\n2<\/td>\nExecutive directors<\/td>\nSTI and LTI<\/td>\n<\/tr>\n
6<\/td>\nExco<\/td>\n<\/tr>\n
53<\/td>\nSenior management<\/td>\n<\/tr>\n
168<\/td>\nMiddle management<\/td>\nDiscretionary bonus<\/td>\n<\/tr>\n
TCC per union agreement<\/td>\n2703<\/td>\nOther employees<\/td>\n<\/tr>\n
Bargaining unit employees<\/td>\n13th<\/sup> cheque as per wage agreement<\/td>\n<\/tr>\n
2 932 South African positions (Includes permanent and temporary SA employees and excludes UK, AME and associates)<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n
\n \"\"\n <\/div>\n<\/p><\/div>\n

Pay for performance: executive directors<\/h3>\n
\n \"\"\n <\/div>\n\n\n\n\n
*<\/sup><\/td>\nMaximum LTI is depicted at the Famous Brands annual award quanta. LTI on target is depicted as 50% of the maximum.<\/td>\n<\/tr>\n
**<\/sup><\/td>\nActual 2023 values are earnings paid in the reporting period.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Compensation details are in the implementation report.<\/a><\/p>\n\n\n\n\n
\n

Important abbreviations and definitions<\/h4>\n<\/td>\n

\n

Financial indicators<\/h4>\n<\/td>\n<\/tr>\n

\n
    \n
  • TCC: <\/strong>Total cost to company = Base salary + medical insurance + retirement fund + benefits<\/li>\n
  • Base salary: <\/strong>TCC \u2013 medical insurance \u2013 retirement fund \u2013 benefits<\/li>\n
  • STI: <\/strong>Short-term incentive<\/li>\n
  • LTI: <\/strong>Long-term incentive<\/li>\n
  • 13th cheque: <\/strong>One month\u2019s TCC<\/li>\n
  • SARs: <\/strong>Share appreciation rights <\/li>\n<\/ul>\n<\/td>\n
\n
    \n
  • Executive directors: <\/strong>The CEO and the Group Financial Director<\/li>\n
  • Executive Committee (Exco): <\/strong>For the purposes of the remuneration report, this excludes executive directors<\/li>\n
  • Executive management team: <\/strong> Includes the executive directors and Exco <\/li>\n<\/ul>\n<\/td>\n
\n
  • EBITDA:<\/strong> Earnings before interest, tax, depreciation and amortisation<\/li>\n
  • HEPS:<\/strong> Headline earnings per share<\/li>\n
  • ROCE:<\/strong> Return on capital employed <\/li>\n
  • TSR:<\/strong> Total shareholder return <\/li>\n
  • VWAP:<\/strong> Volume-weighted average price <\/li>\n
  • WACC:<\/strong> Weighted average cost of capital<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

    We attract, retain and reward talented employees by offering compensation that is fair and competitive within our industry. Landscape and eligibility Fixed pay structure Number of positions Employment category Variable pay structure TCC = Base salary + medical insurance + retirement fund + benefits 2 Executive directors STI and LTI 6 Exco 53 Senior management… at a glance<\/span>“>Read more »<\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"parent":2889,"menu_order":7,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_links_to":"","_links_to_target":""},"acf":[],"yoast_head":"\nRemuneration at a glance - Famous Brands IAR 2023<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Remuneration at a glance - Famous Brands IAR 2023\" \/>\n<meta property=\"og:description\" content=\"We attract, retain and reward talented employees by offering compensation that is fair and competitive within our industry. 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