Following the slight increase in the number of employees noted in the past two years, the growth in the Bank’s number of employees accelerated again in 2017 as we recruited 74 new employees to fill vacant position. This development meant that the focus of our
human resources work was on recruiting and, above all, the integration of the new employees. In comparison to the previous year, MünchenerHyp’s employee fluctuation figure rose slightly to 6.0 percent (2016: 5.4 percent). However, when compared to the average percentage for the sector, our figure remained at a low level.
The integration and development of personnel continued to gain importance at the Bank in light of the more than 100 new colleagues we hired in the past two years. The central elements in this area are the internal and external opportunities to advance employee skills and knowledge, management development, as well as other personnel development and personal commitment measures.
The average number of persons employed7 by MünchenerHyp during the year under review was 509 employees, plus 11 apprenticed trainees. Despite numerous new hires, the average number of years of employment per employee remained almost constant at 11.3 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.