Banken for en verden i endring The bank for a ... - BNP Paribas

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Banken for en verden i endring The bank for a ... - BNP Paribas

• human resources development / clearly identified operational challenges

An extensive range of benefits

The benefit plans developed by the Group

involve setting up long-term savings accounts

for employees and helping them deal with

unforeseen accidents and other vagaries

through access to personal risk plans.

>

Employee savings plans

These plans enable employees to build up

their savings, in particular with respect to their

retirement, by optimising local tax and labour

schemes. Outside France, supplementary pension

schemes are the preferred means, whereas

in France employee savings plans allow staff

to set up savings accounts with preferential tax

and benefits treatment in return for a mediumterm

holding period. These plans can be topped

up by payments from incentive and profit-sharing

plans, by voluntary payments by the employees

themselves, or by possible top-up payments

from the company. Perco (the Group retirement

savings plan) was launched in 2005 and by the

end of 2006 had been subscribed to by 8,210

employees. The savings become available on

retirement, in the form of either an annuity or a

once-off payment.

>

Employee welfare

The Group has a longstanding benefits policy

aimed at providing a high level of protection to

its employees. In 2006, BNP Paribas worked on

harmonising its overall employee benefits procedures,

particularly outside France, with the

aim of ensuring greater consistency between

the sometimes very disparate local systems.

Outside France, the Group endeavours to help

improve benefits for local staff and their families,

with health insurance plans covering the cost

of medical consultations and hospital stays for

both themselves and their families.

>

A tailor-made, flexible personal risk

plan in France

BNP Paribas’ personal risk plan was set up

under a companywide agreement and has few

equivalents in French companies. The flexible

plan offers staff a high level of cover for stoppages

due to illness, disability or death. Each

employee has a basic plan, which can be customised

in accordance with his or her personal

or family situation. This is done by choosing the

level of additional cover, for example a once-off

payment in the event of accidental death or the

death of a spouse, an education annuity, or a

spouse’s annuity. Employees can modify their

choices at regular intervals. By 31 December

2006, 56,000 employees in 37 French entities

were covered by such a personal risk plan.

74 BNP PARIBAS AND ITS STAKEHOLDERS

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