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2018 Financial and Social Report

All Bank employees, except for those who are on long-term holiday and other leave, are subject to regular appraisals. [GRI 404-3] According to the Instructions for employee appraisal in Bank Millennium S.A., this appraisal is conducted on the basis of previously communicated, objective criteria. The period and the employee appraisal criteria are aligned to the nature of his or her work and refer to important attitudes in everyday work. This appraisal covers cooperation, engagement, quality, efficiency and management skills. In addition to efficiency and quality criteria, the assessors consider the employee’s attitude to risk mitigation, in particular his/her reliable reporting of risks. The appraisal system allows the Bank to compare work results of different employees and their success rate in achieving the set goals. The evaluation process consists of several stages, which promotes transparency and guarantees a balanced employee appraisal.

Periodic employee appraisal may form grounds for an opinion about an employee, promotion, transfers between organizational units, change of tasks and responsibilities, preparation of individual professional growth and training plans, decision to change terms of employment and continuation of employment.  Evaluation of work quality is also one of the key factors considered in setting the amount of the bonus awarded periodically to employees.

Job promotions 2018*
Bank Millennium Group Men Women Total
Top management 4% 5% 4%
Management 13% 11% 12%
Sales personnel 20% 17% 18%
Technicians 19% 16% 17%
Others 17% 11% 13%
Total 18% 15% 16%
Bank Millennium Men Women Total
Top management 5% 6% 5%
Management 15% 12% 13%
Sales personnel 21% 17% 18%
Technicians 21% 16% 18%
Others 20% 13% 16%
Total 19% 16% 17%

* % of employees in a given group who were promoted. Differences in % of promotions in the men and women groups result from the addition of the employee base of SKOK Piast (which was acquired by Bank Millennium in Q4 2018). Women make up as much as 90% of all SKOK Piast employees.