At ERGO, we reward our employees for their work in a fair manner that does justice to individual performance. Remuneration is structured transparently; in Germany, it encompasses a range of supplements and additional special payments as well as basic salary. Over and above this, we offer employees flexitime arrangements, an attractive company pension and plenty more besides.
Remuneration in ERGO Group companies is structured according to clear country-specific rules; employees receive a basic salary and allowances, and are categorised in a comprehensible system of salary groupings. In Germany, salaries are made up of a number of different components.
Fair and transparent salary structures
All employees at our German locations receive a salary in accordance with the German wage agreement for the insurance industry. As members of the AGV, the employers’ association for insurance companies in Germany, ERGO and Munich Re are bound to follow the wage agreements it reaches with employee representatives in collective bargaining; these agreements classify roles within insurance companies according to the requirements of the position. In addition to this, employees receive a special payment each in May and November. Other variable salary components employees may receive include a monthly performance bonus, based on the Company’s performance, an annual bonus linked to the achievement of individually agreed targets, or a one-off payment for outstanding performance.