ANNUAL REPORT 2006 - DG Hyp

OUR STAFF
Organisational and strategic changes at DG HYP also
placed high demands on HR management in the 2006
financial year. This relates, in particular, to restructuring
sales activities for the German cooperative banking sector
as well as taking on employees from VR Kreditwerk as part
of the re-integration of special IT application developments.
On balance, the average number of active employees
in the 2006 financial year increased from 545.4 as of
31 December 2005, to 577.7 as of 31 December 2006.
HR and management development as a strategic
factor for success
Our HR development focuses on individual qualification
activities geared to practical work. During the annual target
agreement and assessment discussion that managers
hold with each of their staff, individual requirements for
development and qualifications will receive particular
attention. A total of 283 staff members took part in
42 internal training programmes. Another key issue is to
identify and promote high potential, and we use assessment
centres and management audits for this purpose.
State-of-the-art performance management
instruments
An assessment system and target agreements are elementary
components of our performance management.
Concluding a company agreement on the introduction of
a performance and results-oriented bonus system was a
key step towards a human resources policy that is geared
to performance. We constantly review operating workflows
and organisational structures to enhance our competitive
position. The employee survey conducted in this
regard offers an excellent basis for specific activities to
improve workflows, structures and quality.
42 Deutsche Genossenschafts-Hypothekenbank AG | Annual Report 2006
Management Report
Successful vocational trainees and acquisition of
trainee managers
Ensuring a supply of new managers from among
DG HYP's own staff is one of our HR department’s core
tasks. Out of every eight of our vocational trainees, we hire
seven after they complete their training – initially on a
temporary contract. We recruit external management
candidates at events including the graduates congress
in Cologne, where we present our company together with
our partners in the cooperative banking sector. Nine young
people started new vocational training programmes with
DG HYP on 1 August 2006. As at 31 December 2006,
22 young people were employed as vocational trainees by
DG HYP.
In this connection, we would like to offer particular
thanks to VR Kreditwerk and our partners in the German
cooperative banking sector. They make a major contribution
in vocational training – bolstering specialist competence
and sales-oriented abilities, thus benefiting our new
recruits with successful end-to-end training.
Cooperation with the Works Council
Our cooperation with employee representatives was
once again professional and constructive in the 2006
financial year. We would like to thank the members of the
Works Council for their vital work.