Bonus took Tompkins’ remuneration to £308,700 in the year ended 31 July 2011

RICS chief executive Sean Tompkins was paid a £98,700 bonus this month for his work in the last financial year, the institution has revealed.

The bonus, on top of a basic salary of £210,000, took Tompkins’ remuneration in the financial year ended 31 July 2011 to £308,700.

His overall remuneration was 15% less than his predecessor Louis Armstrong’s total pay package of £365,000 - Armstrong was paid a basic salary of £275,000 and a bonus of £90,000 in the 2009-2010 financial year.

Tompkins has continued the responsibilities of his previous role as chief operating officer after taking over as chief executive in September 2010.

He claimed in an interview with Building in October last year that the RICS was getting “a lot more job for the chief executive role [than previously]” as he had combined the two roles in his current position.

The RICS slashed the basic salary of its chief executive in May 2010 as part of a strategy to link the pay of senior staff to performance after an external benchmarking review.

A spokesperson for the RICS said: “The bonus award was granted by our remuneration committee, which includes independent advisory professionals, and all accounts are signed off by RICS’ governing council.”