Dutch giant APG pays 500 staff average bonus of €63,500

first_imgThe €417bn asset manager APG paid about 500 employees bonuses of €63,500 on average last year.According to its annual report, APG said it paid almost €32m in total in bonuses, amounting to 25% of the average salary.Variable pay makes up 10% of salary costs at the asset manager for the €359 civil service scheme ABP.Executive board members, including chief executive Gerard van Olphen, are ineligible for bonuses. At the €114bn MN, the average bonus as a percentage of salary is about half that of APG’s.MN – asset manager for the large metal schemes PME and PMT – capped bonuses at 20% of the basic salary and reported that 5% of its 1,200 employees were eligible for variable pay, compared with 14% at APG.APG said it set a similar maximum for workers reporting directly to its executive board but that variable pay for asset management could increase to as much as 40% of the basic salary.It added that, for its New York and Hong Kong-based workers, it tried to strike a balance between what was acceptable in the Netherlands and what was needed locally to retain valuable employees.APG emphasised that its remuneration policy was aimed at attracting, retaining and motivating qualified staff and said the bonuses it paid in New York were in-line with those for similar positions in the city.last_img read more

Women at greater danger from pokies

first_imgThe Age (Australia) 18 Feb 2012THE number of women gambling is increasing and ease of access to poker machines is a key factor in producing problem gambling in women, new government funded research has found. The new report by the Responsible Gambling Advocacy Centre, Women and Gambling: Issues of Difference found women are likely than men to become problem gamblers later in life and take longer to recover from problem gambling. ”Women are more likely to gamble in ways that are comparatively isolated, that require low or no levels of social interaction and are likely to be motivated to gamble as an escape from problems,” the research found.….. Samiro Douglas from the Women’s Information and Referral Exchange said she believed gambling problems were under-reported by women. ”Women do not disclose gambling problems easily… how would a woman balance the perception of herself as being a good mother and also a gambler? I think think there is a greater stigma for a woman to say she has got a problem with the pokies,” she said. ”It is kind of like spending your money on the pokies and being a good mother doesn’t equate, society would really judge that more.”She said this stigma may prevent some women seeking help.http://www.theage.com.au/national/women-at-greater-danger-from-pokies-report-finds-20120217-1ter6.htmllast_img read more