Financial and
ESG report 2020

Headcount structure

Bank Millennium opened 2020 with activities aimed to ensure organizational and process integration with Euro Bank, which was acquired in 2019.

M22151-1 M22151-1

As a result of the merger, organizational structures were combined, overlapping organizational units were liquidated, processes were standardized and streamlined. The Bank’s outlets were also subject to reviews – based on the conducted economic and market analyses, it was decided to close some of them. Collective redundancies were carried out between February and April 2020. The principles on which such redundancies took place, the criteria and amounts of severance payments were developed and consulted with the trade unions functioning in the Bank. The trade unions’ response to the obligatory and additional severance payments as well as additional benefits (e.g. a six-month medical care for employees) proposed by the Bank was very positive. In the second half of the year, the Bank decided also to limit new employee recruitment in many areas.  

7,645

employees

3%

employee turnover ratio

37 years old

average employee 

As a consequence of the above measures, the headcount at the Bank Millennium Group decreased by 11%, i.e. to 7,645 employees, compared to 2019. The employee turnover ratio dropped to 3% relative to 4% in 2019. Women constitute the majority of employees (66%) and the average employee is 37 years old. 

[GRI 102-8] Number of employees 

Men Total men Women Total women Grand total
<30
yrs
30-50 yrs >50 yrs <30 yrs 30-50 yrs >50 yrs
Bank Millennium Group  620  1,627  264  2,511  1,164  3,471  499  5,134  7,645 
Bank Millennium  607  1,510  210  2,327  1,117  3,287  455  4,859  7,186 

[GRI 102-8] Employees by type of employment  

  Bank Millennium Group Bank Millennium
  Men Women Total Men Women Total
Full time  2,445  4,974  7,419  2,311  4,793  7,104 
Part time  66  160  226  16  66  82 
Mandate agreement  42  44  86  41  36  77 
Employment agreement  2,511  5,134  7,645  2,327  4,859  7,186 
For  indefinite term  2,149  4,472  6,621  1,976  4,216  6,192 
For definite term  362  662  1,024  351  643  994 

[GRI 401-1] New employees

  Men Total
men
Women Total women Grand total
  <30 yrs 30-50 yrs >50 yrs <30 yrs 30-50 yrs >50 yrs
Bank Millennium Group  226
(24%) 
131
(14%) 
11
(1%) 
368
(40%) 
370
(40%) 
169
(18%) 
23
(2%) 
852
(60%) 
930
(100%) 
Bank Millennium  222
(26%) 
111
(13%) 
7
(1%) 
340
(40%) 
354
(42%) 
140
(16%) 
18
(2%) 
512
(60%) 
852
(100%) 

[GRI 401-1] Departures – number of employees

Men Total men Women Total women Grand total
<30 yrs 30-50 yrs >50 yrs <30 yrs 30-50 yrs >50 yrs
Bank Millennium Group  320
(17%) 
336
(17%) 
37
(2%) 
693
(36%) 
439
(23%) 
724
(37%) 
77
(4%) 
1,240
(64%) 
1,933
(100%) 
Bank Millennium  317
(17%) 
310
(17%) 
32
(2%) 
659
(36%) 
428
(23%) 
697
(38%) 
71
(4%) 
1,196
(64%) 
1,855
(100%) 

 

[GRI 401-1] Employee turnover ratio 

Men Total men Women Total women Grand total
<30 yrs 30-50 yrs >50 yrs <30 yrs 30-50 yrs >50 yrs
Bank Millennium Group  7%  2%  2%  4%  6%  2%  2%  3%  3% 
Bank Millennium  7%  2%  2%  4%  6%  2%  2%  3%  3% 

 

[GRI 202-2] Employees hired locally*

  Bank Millennium Group Bank Millennium
  Men Women Total Men Women Total
Number (and %) of employees  2,492
(99.2%)
 
5,107
(99.5%)
 
7,599
(99.4%)
 
2,309
(99.2%)
 
4,835
(99.5%)
 
7,144
(99.4%)
 
Number (and %) of Management Board Members and senior managers  61 
(89.7%) 
28
(100%)
89
(92.7%)
47
(87%)
23
(100%)
70
(90.9%)
* Polish citizens and working in Poland

[GRI 405-1] Employees by position and gender  

Bank Millennium Group Men Total men Women Total women Grand total
<30 yrs 30-50 yrs >50 yrs <30 yrs 30-50 yrs >50 yrs
Management Board    1  6  7          7 
Upper management    27  34  61    15  13  28  89 
Management  21  343  63  427  30  577  79  686  1,113 
Sales personnel  418  543  35  996  943  1,862  203  3,008  4,004 
Technicians  88  581  107  776  69  711  181  961  1,737 
Other employees  93  132  19  244  122  306  23  451  695 
Total  620  1,627  264  2,511  1,164  3,471  499  5,134  7,645 

Bank Millennium

Men Total men Women Total women Grand total

<30 yrs 30-50 yrs >50 yrs <30 yrs 30-50 yrs >50 yrs
Management Board    1  6  7          7 
Upper management    22  25  47    13  10  23  70 
Management  20  330  50  400  23  552  67  642  1,042 
Sales personnel  417  525  27  969  938  1,833  201  2,972  3,941 
Technicians  84  521  85  690  58  632  158  848  1,538 
Other employees  86  111  17  214  98  257  19  374  588 
Total  607  1,510  210  2,327  1,117  3,287  455  4,859  7,186 

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