Deutsche Bank

Human Resources
Report 2017

Global benefits

In addition to compensation, we globally offer around 900 benefit programs focused on financial protection, work-life balance and health to support our employees’ professional and personal life.

Financial protection

For instance, the bank offers pension plans, complementing social security and private savings. In Germany, this consists of an employer-financed pension plan, matched contributions to the BVV industry-wide plan; and the option to convert parts of compensation into pension contributions. Similar schemes exist for employees in most locations worldwide.

With a 98% funding ratio as of December 31, 2017, Deutsche Bank achieved its annual target of funding 90-100% of its pension obligations. This is the highest level of any DAX30 company in the past years. In the current low-interest environment, we also decided to start making additional contributions to the BVV finance sector pension fund in Germany to support employees’ rights to future pension benefits.

Every year, more than 15,000 employees from across the bank participate in the Global Share Purchase Plan (GSPP), with employees purchasing Deutsche Bank shares in monthly installments and participating in the bank’s long-term performance. At the end of the annual purchase cycle, the acquired shares are matched up to a maximum of ten free shares. In 2017, the ninth cycle, 45% of employees in Germany were enrolled. Globally, 28% of employees participated in those countries where the plan operates. Additionally, close to 4,000 employees in the UK are enrolled in the Employee Share Ownership Plan (ESOP) or the Share Incentive Plan (SIP), with an overall participation rate of approximately 43%.

Employee-led innovation

As part of Deutsche Bank’s innovation management and ideas program (db idee), employees in Germany may submit ideas for improving the bank, such as enhancing business processes or cutting costs. The program seeks to promote innovation by harnessing employees’ creative power. If an idea is chosen for implementation, the respective employee may receive a financial award based on the estimated or actual value of the innovation’s economic benefit.

Suggestions for improvement

Germany

2017

2016

2015

2014

2013

Excluding primarily Postbank, Sal. Oppenheim and BHF (sold in 2014).

1

Total number of realized suggestions for improvements, includes suggestions issued in previous years

2

Estimated benefit in the 1st year; Basis: reflects premium of the business year

No of provided suggestions for improvement

2,081

2,456

2,566

2,392

2,245

No of realized suggestions for improvement1

58

85

86

80

114

Share of realized suggestions in %

4.9%

4.7%

4.7%

5.8%

7.8%

Savings due to realized suggestions for improvement (in € k)2

71.9

487.8

109.2

205.2

208.0