Employees satisfied with Rabobank
Remuneration of the Executive Board
(in millions of euros)
Integrated health management was put into practice in 2008. The emphasis of this programme is on
vitality. In connection with this, the Rabobank Nederland canteen provides staff with free fruit, and a
logo is used to indicate healthy food choices.
Occupational Health and Safety Service takes action to prevent absenteeism
The rate of absenteeism in 2008 was the same as in 2007 (3.8%). In 2008 the direct costs of absenteeism
(continued payment of salary during illness) amounted to approximately EUR 140 (144) million.
The Service launched a number of campaigns in 2008 in order to prevent absenteeism from increasing
any further. It paid attention to the mismatch between job requirements and the burden on employees.
The new Absenteeism in Balance workshop addresses how absenteeism can be avoided by learning to
identify various risk factors at an early stage and to take timely action, if necessary. The percentage of
employees at an increased risk of absenteeism due to illness relating to pressure of work was 9% in 2008.
Rabobank conducts employee satisfaction surveys15 on a regular basis. In 2008 more than 43% of
employees participated in the survey. The outcome of the survey is combined with surveys from 40
other major Dutch companies as part of a benchmark. Rabobank's employee satisfaction score of 86%
(85%) is better than the average score achieved by the other companies included in the benchmark (73%).
Employee satisfaction is also high within the various Group entities
Assessment and remuneration of senior management
In 2008 the remuneration of the members and former members of the Executive Board amounted to
EUR 9.0 million.
2008 2007
Salaries 6.7 7,1
Pension charges 1.1 1.2
Performance-related pay 1.0 2.3
Other emoluments 0.2 0.2
Total 9.0 10.8
In view of the financial crisis and the social debate that has arisen as a result, the Supervisory Board will
investigate in 2009 whether Rabobank's remuneration policy for executive management needs to change.
14) The survey covered Rabobank Nederland and Schretlen Co.
15) According to a study conducted at Rabobank Nederland and at the local Rabobanks.
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Report of the Executive Board
