Sustainability Report 2012 - Generali Versicherung AG

Woman/man remunerationCountry Managers Middle Managers Office workers Sales Force on payrollRemuneration*Basicsalary**RemunerationBasicsalaryRemunerationBasicsalaryRemunerationBasicsalaryItaly 0.90 0.92 0.80 1.00 0.84 0.91 0.75 0.86Austria 0.88 0.86 0.95 0.97 0.69 0.76 0.67 0.81Czech Republic 0.95 0.88 0.81 0.79 0.74 0.77 0.50 0.53France 0.97 0.95 0.88 0.89 1.04 1.05 0.77 0.83Germany 0.85 0.93 0.84 0.90 0.80 0.80 0.73 0.79Spain 0.80 0.86 0.86 0.97 0.83 0.82 0.86 0.94Switzerland 0.93 0.93 0.86 0.85 0.75 0.75 0.56 0.56* Annual amount paid by the Group to employees including not only what established by the National Collective Bargaining Agreement by the Company CollectiveAgreement, but also any other type of additional remuneration, such as company seniority, overtime work, bonuses, benefit** Amount concerning just the National Collective Bargaining Agreement, without including any type of additional remunerationThe table shows the ratio of the total gross annual remuneration of women to that of men, as well as the ratio of the gross annual basicremuneration of women to that of men for each type of level.In most countries and at most levels, the Group’s female employees receive lower gross annual remuneration than their male counterparts,with more noticeable differences among office workers and sales force staff on the payroll. This is mainly due to the fact that womenmake far greater use of the leave provided for by law following the birth of a child, that they prefer part-time work contracts in order tobetter balance their family and working commitments, and that they have worked for the company for less time.Furthermore, in general, the differences are less marked at basic salary level, only increasing when additional bonuses, which are oftenassociated with more onerous commitments in terms of working hours and transfers, are factored in. Women find it more difficult toreconcile such commitments with their role in the family.Only in Italy is the basic salary of female middle managers the equivalent of those of their male counterparts. In France, meanwhile, atoffice worker level women actually receive better remuneration than men thanks to an agreement designed to prevent remunerationdiscrimination.In Italy, the gross annual remuneration paid to newly hired office workers (i.e. those at the 4th pay level according to theinsurance industry national collective bargaining agreement) at Generali is 15.8% higher compared with the industry average.In France, remuneration is set according to gender: compared with the average remuneration paid for the same role byother companies in the industry, remuneration for new hires at Generali is 4.7% higher for men and 6.7% higher for women.Meanwhile, in Austria, Germany, the Czech Republic, Spain and Switzerland, the remuneration paid to new administrative staffis generally aligned with the average remuneration paid in the national insurance sector.Bundeswettbewerb Mathematik, Germany62 | Assicurazioni Generali - Sustainability Report 2012