The LLB Group offers attractive employment conditions. It spent CHF 155.4 million (2016: CHF 140.8 million) on salaries and social contributions in 2017 (see Notes to the consolidated income statement). The previous year’s result also included one-time expense reductions from the valuation of staff pension obligations amounting to CHF 10.2 million. The current year’s result includes one-time additional expenses for pension obligations of CHF 1.1 million.
We have a modern compensation system that is considered exemplary in the banking sector (see chapter “Compensation report”). We place emphasis on fair compensation that explicitly rewards skills and performance. Women and men in the same position and at the same performance level are in the same pay scale and wage model. This is valid for all our business locations.
We are aware that the ratio of female to male salaries in our company is of importance to our stakeholder groups and our business success. We refrain from making this information public, on the one hand, for confidentiality reasons and, on the other, because functions are not strictly comparable and certain aspects of the compensation system are not included.