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ePaper created 2012-04-20, 15:08:32 | version 1.23.0
29Management Report Münchener Hypothekenbank eG results noted were very favourable with 90 percent of the new employees participating. The employees surveyed stated that they were very satisfied with their assignments, the friendly atmosphere in the Bank, as well as with their supervisors. Almost all of them would recommend the MünchenerHyp as an employer. Within the framework of our personnel development activities we have made special efforts to expand our advanced training programs and provide support to younger talent in response to the increasing professional and regulatory demands facing banks today. Beyond this, we also introduced new benefits to assist employees in making their work more compatible with the needs of their families. For example, as of 2012 we support em- ployees in finding good day-care facilities for their children. As part of this support we work together with a reputable provider who offers expert advice and practical assistance in finding, for example, child minders or day nurseries. Furthermore, our working hours are now far more flexibly structured to meet the increased demands and, secondly, to give employees greater scope to in planning their time in the Bank. The average number of persons employed at MünchenerHyp during the year was 3751 , plus 12 apprenticed trainees. Our Bank is known for having employees who have been with the Bank for many years. The average number of years of employ- ment is over 11. Last year 22 employees celebrated their tenth anniversary with the Bank while 16 marked their 25th year with the Bank. Two employees even observed 40 successful years at the Münchener Hypothekenbank. 1) Number of employees pursuant to Art. 267 (5) German Commercial Code (HGB): excludes apprenticed trainees, employees participating in parental leave, partial retirement (non-working phase), early retirement, and employees suspended with pay.