Employee indicators
Highly qualified and motivated staff are key to the success of our business. Munich Re currently has some 47,000 employees. Thanks to their risk knowledge and innovative thinking, our diligent staff create sustained value. This section of the corporate responsibility portal shows the evolution in Munich Re’s employee indicators for the period 2008–2010.
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Munich Re employee indicators
|
| |
|
2008 |
2009 |
2010 |
| Employees |
|
44,209 |
47,249 |
46,915 |
| No. of staff by line of business |
Reinsurance |
10,534 |
11,309 |
11,370 |
| Primary insurance |
32,867 |
31,145 |
30,887 |
| Asset management |
808 |
788 |
759 |
| Munich Health |
n.a. |
4,007 |
3,899 |
| Percentage of female staff |
Female employees (%) |
51.44 |
49.87 |
49.25 |
| Female managers (%) |
21.41 |
21.60 |
22.60 |
| No. of staff by age |
29 and under |
3,171 |
3,151 |
3,155 |
| 30 to 49 |
16,399 |
17,668 |
17,629 |
| 50 and over |
5,046 |
6,070 |
5,949 |
| No. of staff by type of employment contract |
No. of full-time staff |
21,129 |
23,033 |
22,556 |
| No. of part-time staff |
3,487 |
3,856 |
3,981 |
| Sick leave |
Sick leave (%) |
4.36 |
4.17 |
4.30 |
| Training |
Training costs per staff member (€) |
777 |
1,082 |
1,036 |
| No. of days’ training per staff member |
3.29 |
3.52 |
3.36 |
| Employee turnover rate |
Weighted average turnover rate (%) |
4.85 |
6.40 |
7.44 |
| Length of service |
2008 and 2009: Weighted average length of service (years) |
14.69 |
14.89 |
14.83 |
Remarks
The figures shown cover an average of 65% of Munich Re's total workforce, except that this average is about 9% lower in cases where primary insurance data include desk staff only. Length of service relates to German offices only. If the main offices in North America are also considered, the average length of service falls to 13.62 years. Since the data now being used are of greater quality than earlier, the employee turnover rate has only limited comparability with figures from earlier years.
