Main Office, Bodies, Committees and Personnel

EMPLOYEES

Following numerous years of intensive personnel expansion, the rising number of employees slowed during the year under review. Nevertheless, recruiting and, above all, the integration of new employees remained focal points of our personnel work. Between 1 January and 31 December 2016 a total of 105 personnel requirements were submitted from various departments consisting of 34 additional and 71 replacement requirements. In comparison to the previous year MünchenerHyp’s employee fluctuation figure rose to 5.4 percent (2015: 4.7 percent). However, when compared to the average percentage (2015: 6.7) for the sector, our figure remained at a low level.

Integration and development of personnel continued to gain importance at the Bank in light of the more than 200 new employees we hired in recent years. The key elements in this area are the internal and external opportunities to advance employee skills and knowledge, as well as other personnel development and loyalty measures.

The average number of persons employed7 by MünchenerHyp during the year was 493, plus 15 apprenticed trainees. The average number of years of employment per employee rose to 11.4 years.


7) Number of employees pursuant to Art. 267 (5) German Commercial Code (HGB): Excluding apprenticed trainees, employees participating in parental leave, early retirement, partial retirement (non-working phase), or employees suspended with pay.