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Allianz Annual Report 2012

Annual Report 2012    Allianz Group120 Remuneration The ­Allianz Group paid a total of € 8.9 bn (2011: € 8.4  bn) to itsemployeesworldwidein2012.Ofthis,approximately30 % was for performance-related (variable) remuneration ele- ments. € 2.3  bn (2011: € 2.2  bn) was spent on social security contributions, pension and other social benefits. Further employee figures tenure by region1,2 in years C 021 as of 31 December 2012 Germany 14.3 Asia-Pacific and Africa 6.8 America 7.4 Rest of Europe 10.1 Allianz Group 10.7 Further employee figures C 022 2012 2011 2010 AGE STRUCTURE2 in % 24 or under 7.6 7.7 7.8 25–34 27.0 27.2 27.4 35–44 29.0 29.6 30.0 45–54 25.6 25.4 25.0 55–64 10.4 9.8 9.5 65 or over 0.4 0.3 0.3 EMPLOYMENT RELATIONSHIP2 in % Permanent employees 93.5 93.7 93.5 Temporary employees 6.5 6.3 6.5 Full-time employees 87.6 88.7 88.3 Part-time employees 12.4 11.3 11.7 Trainee ratio 3 2.3 2.3 2.2 EMPLOYEE QUALIFICATION2 in % University degree 44.5 44.3 44.7 Vocational training 31.3 33.7 34.7 Other qualification 24.2 22.0 20.6 EMPLOYEE TURNOVER2 External recruitment 21,324 22,029 21,398 External leavers4 19,815 21,005 22,149 1 Tenure represents the period of employment in ­Allianz companies starting from the date of the first entry in an ­Allianz company. 2 Figures based on the number of employees in ­Allianz’s core business; all companies in and related to the insurance and Asset Management business including our Banking activities in Germany, France, Italy, the Netherlands and Bulgaria. Excluded are fully consolidated com- panies which are considered as pure financial investments and companies classified as held for sale. 3 Trainees are employees at the beginning of their career participating in a trainee program, i.e. are undergoing practical training designed to facilitate their development of knowledge and skills, e.g. apprentices, trainees, interns and working students and with a formal arrange­ ment (e.g. employment contract or third-party agreement with a school or university). 4 Number of employees who left the ­Allianz Group during the reporting period. Governance Our integrity calls upon us to make only promises we can keep and take only risks we can manage. Good corporate governance and transparency are key to gaining and keep- ing the trust of our shareholders, clients and employees. STRENGTHENING SUSTAINABILITY GOVERNANCE In 2012, ­Allianz set up the ESG Board, a committee with Boardmemberleadership,responsibleforfurtherpromoting and strengthening environmental, social and governance (ESG) aspects in our insurance and investing activities. The establishment of the ESG Board serves to further elevate these issues in our Group corporate governance. COMPLIANCE MANAGEMENT Allianz’s Compliance Management System aims to ensure adherence to internationally recognized laws, rules and regulations to promote a culture of integrity and safeguard the company’s reputation. In 2012, ­Allianz continued to further strengthen the effectiveness of its compliance man- agement system. ­Allianz applies its general operational risk management approach to assess corruption and fraud risks. Additional assessments and onsite reviews are com- bined with the new Compliance Quality Assurance Pro- gram. In 2012, the implementation and maintenance of ­Allianz’s Anti-Corruption Program continued with the in- tense training of employees worldwide. The aim of this Program,which is compulsoryforall employees, is to inform them about the main anti-corruption and anti-fraud rules, the essentials of the Anti-Corruption and Gifts & Entertain- ment Policies, and ­Allianz’s Anti-Fraud principles. To ensure effective implementation of the compliance con- trols,aGroup-wideComplianceQualityAssuranceprogram was rolled out in 2012. The Program consists of self-assess- ments, onsite reviews and monitoring via reporting. It ­verifies the implementation and effectiveness of ­Allianz’s Compliance Management System, which includes the Anti- Corruption Program, across the Group. Trainings about anti-discrimination and anti-harassment procedures are also offered, in alignment with local legal requirements.

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