Hansel adheres to the guidelines on management and key employee rewards and incentives issued by the Cabinet Committee on Economic Policy. All permanent employees are included in the incentives system after a trial period. The goals for the incentives are set by the Board of Directors, and Hansel employees receive at most 15 per cent of their annual pay as an incentive.

Members of the Executive Committee may receive a bonus equal to 30 per cent of the salary as compensation for exceptional performance.

In accordance with the Board of Directors' decision, performance-related pay in 2016 was based on customer satisfaction and personal performance. The financial statements for 2016 include a provision for incentives of €548,000, excluding social insurance payments. Incentives will be paid out in April 2017. Temporary personnel are not covered by the incentive scheme, although in other respects their benefits are identical to those of permanent employees.

Paid incentives (excluding social insurance payments)

2016 2015 2014 2013 2012
EUR thousand 551 505 492 391 307

Benefits from travel vouchers to a nanny

Employment benefits, available to permanent employees, include a company mobile phone, recreational vouchers, employer-subsidised commuter vouchers, luncheon vouchers, and leisure accident insurance. Hansel also provides employees with a temporary nanny for taking care of a sick child.

Hansel personnel also benefit from a wide range of occupational health services, including health care at general practitioner level, on-call health care, and specialist consultations. Occupational health care operations focus on preventive health care.

Employees with permanent employment contracts and who need a car for carrying out their duties are entitled to a company car. Company-car tax is deducted from the total salary of the recipients of this benefit. Eight Hansel employees had a company car at the end of 2016.

In 2007, a supplementary pension from an insurance company was taken out for the managing director. The annual fees for this pension insurance come to €9,714 (including life insurance). The Managing Director’s retirement age is 63 years.