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