Employee indicators

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Employee indicators

Highly qualified, motivated and performance-oriented staff are key to the success of our business. There are currently 42,400 people working at Munich Re (Group): Thanks to their risk knowledge, expertise and innovative thinking, our staff create long-term value. This section of the corporate responsibility portal shows the evolution in Munich Re’s main employee indicators for the period 2014–2017.

Employee indicators
(Coverage Munich Re (Group) 100%, for deviations see footnotes)

Indicator   2017 2016 2015 2014
Staff (abs.) 42,410 43,428 43,554 43,316
Employees by line of business Reinsurance (%) 28.6 27.9 27.6 27.1
Primary insurance (%) 71.4 66.2 66.6 65.9
Asset management (%)*1 ---*1 ---*1 ---*1 ---*1
Munich Health (%) ---*9 5.9 5.7 7.0
 
Group staff by region Germany (%) 47.1 48.5 50.1 50.6
Rest of Europe (%) 37.5 35.9 34.5 33.7
North America (%) 12.1 12.1 12.5 12.4
Asia and Australasia (%) 2.4 2.5 2.1 1.8
Africa and Middle East (%) 0.6 0.6 0.6 1.2
Latin America (%) 0.4 0.4 0.3 0.3
 
Percentage of female staff Female employees (%) 54.5 54.0 54.0 53.9
Women in management (%) 33.5 32.6 30.8 31.1
 
Group staff by age 20 or younger (%) 0.3 0.2 0.2 0.2
21-25 (%) 3.5 3.5 3.7 3.6
26-30 (%) 9.2 9.7 10.2 11.0
31-35 (%) 13.7 13.5 13.7 13.8
36-40 (%) 14.0 14.1 14.3 14.3
41-45 (%) 14.0 14.7 15.4 16.2
46-50 (%) 16.7 16.9 16.9 16.9
51-55 (%) 15.1 14.4 14.0 13.1
56-60 (%) 9.5 9.1 8.1 7.5
over 60 (%) 4.0 3.9 3.5 3.4
 
No. of staff by type of employment contract Permanent employment (%) 93.4 95.8 95.4 96.8
Temporary employment (%) 6.6 4.2 4.6 3.2
 
Salaried employees Full-time (abs.) - female 15,280 15,558 15,963 14,135
Part-time (abs.) - female 6,679 7,007 6,654 5,973
Total (abs.) - female 21,959 22,565 22,617 20,108
Full-time (abs.) - male 18,031 18,767 18,974 17,115
Part-time (abs.) - male 1,179 1,190 1,169 944
Total (abs.) - male 19,210 19,957 20,143 18,109
Full-time (abs.) 33,311 34,325 34,937 30,879
Part-time (abs.) 7,858 8,197 7,823 6,967
Total (abs.) 41,169 42,522 42,760 37,746
 
Sick leave (%) 4.7*3 4.2*3 6.6*3 4.3*3
 
Staff turnover Weighted average turnover rate (%) 15.1 11.9 10.5 11.8
Voluntary fluctuation (%) 5.7 4.3 4.1 3.4*6
Lay-offs (abs.) 744 591 388 544
 
Open positions filled by internal candidates (%) 17.1*5 30.0*3 78.8*7 89.3*7
 
Length of service Years (Ø) 13.0 13.1 12.7 12.3
 
Training Training costs per staff member (€) 944*5 917*4 981*4 898*3
No. of days' training per staff member (Ø) 3.0*4 3.0*3 4.0*3 3.2*4
 
Employees receiving regular performance and career development reviews (%) 100.0 100.0 100.0 100.0
 
Employees covered by collective bargaining agreements (%) 96*8 96*8 96*5 96*5

*1 Since 2014, the figure for asset management has been distributed across the business fields.
*2 No data collected
*3 Coverage Munich Re (Group): >=90%
*4 Coverage Munich Re (Group): >=70%
*5 Coverage Munich Re (Group): >=50%
*6 Coverage: ERGO Germany (~40% of Munich Re (Group)
*7 Coverage: Munich Re Munich (~9% Munich Re (Group)
*8 Coverage: Munich Re (Group) Germany ~50% Munich Re (Group)            
*9 Munich Health integration in early 2017: Allocation of units to reinsurance and primary insurance    

Comments
We are steadily extending the amount of employee data in order to cover additional items and thus improve the reliability of our key figures. As a result of the expanded data base, some figures have changed retroactively. Since the quality of the current data has improved during the years , some data (e.g. the employee turnover rate, length of service and training) has only limited comparability with figures from earlier years.




GRI Content Index: G4-10; G4-11; G4-22; G4-EC5; G4-EC6; G4-LA1; G4-LA3; G4-LA6; G4-LA9; G4-LA12


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