Employees and Social Responsibility


Employees

As of December 31, 2010, we employed a total of 102,062 staff members as compared to 77,053 as of December 31, 2009. We calculate our employee figures on a full-time equivalent basis, meaning we include proportionate numbers of part-time employees.

The following table shows our numbers of full-time equivalent employees as of December 31, 2010, 2009 and 2008.

Employees1

Dec 31, 2010

Dec 31, 2009

Dec 31, 2008

1

Full-time equivalent employees; in 2010, the employees of Kazakhstan previously shown in Asia/Pacific were assigned to Europe (outside Germany), Middle East and Africa; numbers for 2009 (6 employees) and 2008 (6 employees) have been reclassified to reflect this.

2

Primarily the United States.

3

The nominal headcount of The Cosmopolitan of Las Vegas is 4,147 as of December 31, 2010 and is composed of full time and part time employees. It is not part of the full time equivalent employees figures.

Germany

49,265

27,321

27,942

Europe (outside Germany), Middle East and Africa

23,806

22,031

23,073

Asia/Pacific

17,779

16,518

17,120

North America2,3

10,811

10,815

11,947

Central and South America

401

368

374

Total employees3

102,062

77,053

80,456

The number of our employees increased in 2010 by 25,009 or 32.5 % due to the following factors:

  • The number of Corporate & Investment Bank Group Division staff increased by 1,752 primarily due to the acquisition of parts of ABN AMRO in the Netherlands (1,195). Furthermore, the number of Markets staff increased by 374 as a result of the market recovery.
  • The number of our PCAM staff increased by 21,973 primarily due to the acquisitions of Deutsche Postbank AG in Germany (20,361) and of Sal Oppenheim Group (2,910 as at year end 2010).
  • In Infrastructure, the number of our global service centers staff, in particular in India, the Philippines, Birmingham (U.K.) and Jacksonville (U.S.), increased by approximately 1,200 employees. The headcount in the other infrastructure areas remained, on balance, unchanged from 2009.

The commitment index, a measure of staff loyalty to the company based on a Groupwide survey that has been performed anonymously by an independent institution for more than ten years, remained strong in 2010 at 74 points. This is the second highest value since the survey began, indicating that employees continue to closely identify with the bank and are particularly willing to put in a strong performance. The slight reduction in comparison to the record of 77 points in 2009 primarily reflects an easing of economic tension or return to normality after the financial crisis.

Post-Employment Benefit Plans

We sponsor a number of post-employment benefit plans of behalf of our employees, both defined contribution plans and defined benefit plans.

Defined benefit plans with a benefit obligation exceeding € 2 million are included in our globally coordinated accounting process. Reviewed by our global actuary, the plans in each country are evaluated by locally appointed actuaries.

By applying our global principles for determining the financial and demographic assumptions we ensure that the assumptions are unbiased and mutually compatible and that they follow the best estimate and ongoing plan principles.

For a further discussion on our employee benefit plans see Note 33 “Employee Benefits” to our consolidated financial statements.

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