Non-union pay system with three aims

• Transparent and easy for all employees to understand

• Systematic and universal implementation of the performance-related aspect

• Focussed on the success of Eurohypo

The pay model comprises two elements - fixed salary and bonus. These individual components take on a different meaning, depending on the degree of responsibility exercised.

The fixed pay element is the salary. It is intended to safeguard the standard of living of the employee. To provide an incentive and motivation for non-union workers, part of the total pay is variable. Each employee will receive a bonus for achieving annual bank-wide, unit-specific and personal targets. The bonus will be paid once a year.

Elements of total pay

Attractive basis for fixed income at Eurohypo

The fixed pay comprises 2 elements, based on monthly fixed pay in relation to work responsibilities and role. The bonus rate will fall within a band of 1.5 to 2.75 monthly salaries, depending on the success of the Bank. This includes a special payment under § 10 of the banking wage agreement.