2008 Annual Report - SBM Offshore

SBM Offshore Annual Report 2008 / Report of the Board of Management69Company would result in a reduction of 537 to an adjustedtotal number of personnel of 4,614.The distribution of the total number of personnel at year end2008 between lease fleet activities and project executionactivities and the split between permanently employed andtemporary personnel are shown in the following chart.826708Permanent Project ExecutionPermanent Lease FleetTemporary Project ExecutionTemporary Lease Fleet2,442RemunerationA salary benchmarking analysis has been commencedto enable the Company to have a clear picture of thecompetiveness of its compensation package comparedto other Oil & Gas groups of similar or larger size. Thishas confirmed the Company’s remuneration principle ofrewarding high performing permanent staff well abovemarket average. This is achieved through a system wherethe variable, performance related element is high.Salaries have again been adjusted to maintain theattractiveness of the remuneration package in order toretain the loyalty of employees and to be competitive forrecruitment of quality staff.1,175Total 5,151The second chart shows the distribution of the total numberof staff, over the four main execution centres, the staff inother offices and shore bases worldwide onshore, and theworldwide offshore manning of the fleet.1,5321,0491,050317530643HoustonKuala LumpurMonacoSchiedamWorldwide OffshoreWorldwide onshoreTotal 5,151The internship programme continued to function well andenabled high quality graduates to obtain their first workexperience in the Company. Judicious selection from thisintake has allowed the number of graduates employedover the last 6 years to reach more than 100.In the annual review of the basic salaries, the local market,annual inflation and the performance of the individuals aretaken into account.The Employee Share Ownership Plan (ESOP) continuesto be offered to staff with a significant contribution paid bythe Company encouraging employees to invest in SBMOffshore shares.Staff AbsenceFor 2008, staff absence was 2.6% (2.3% in 2007).TrainingThe training programme for all staff was increased during2008. For onshore staff external training focused onmanagerial training, specific technical subjects andattendance at seminars and conferences. For internaltraining the main focus was on technical FPSO courses,language lessons and software classes. In the Company’sCSR report the training programme is highlighted in moredetail.