Fringe benefits and performance-related pay
Employment benefits, available to all Hansel employees, include a company mobile phone, recreational vouchers, employer-subsidised commuter vouchers, luncheon vouchers, and leisure accident insurance. A new fringe benefit offered from 2013 onwards is a temporary carer to look after 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.
Hansel adheres to the guidelines on management and key employee rewards and incentives issued by the Cabinet Committee on Economic Policy. Hansel’s Board of Directors sets annual incentive targets.
From the beginning of 2013, the incentive system has complied with the statement of the Cabinet Committee on Economic Policy issued on 13 August 2012, which sets the maximum incentive at 15 per cent of the annual salary. Members of the Executive Committee may receive a bonus equal to 30 per cent of the salary as compensation for exceptional performance.
By decision of the Board of Directors, performance-related pay in 2013 was based on customer satisfaction and personal performance.
The financial statement for 2013 includes an incentive reservation of €466,000, excluding social insurance payments. Incentives will be paid out in April 2014. 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)
Employees with permanent employment contracts who need a car for their work-related responsibilities are entitled to a company car. Company-car tax is deducted from the total salary of the recipients of this benefit. Seven Hansel employees had a company car at the end of 2013.
In 2007, a supplementary pension from an insurance company was taken out for the managing director. The annual fees of this pension insurance come to €9,714 (including life insurance). The Managing Director’s retirement age is 63 years.