In the 2022 reporting year, a guideline on recognising cases of discrimination and how to deal with them was drawn up. Remuneration and pensions. Financial security as a basis Performance must be worthwhile. That is why Schöck rewards its employees appropriately with a fair remuneration system that applies throughout the Group and allows them to participate financially in the company's success. The system is the same in all countries. The level of remuneration for all positions is based on common market standards and is validated by regular salary benchmarks. The parameters include region, function and other comparable characteristics. In this system, employees in the lower salary groups are paid significantly above the minimum wage. This applies at both the German and the international sites. In addition, all employees participate in the company's success. The operating cash flow (OCF) is used to determine the level of participation, and also equally to determine variable salary components. This participation is granted to all employees throughout the company at the same level, regardless of position and location. The amount and payment of the participation is bindingly stipulated in corresponding agreements. To ensure that employees are also well provided for in their old age, they are supported by an attractive interest rate and an employer subsidy of 50% on the monthly savings instalment up to a maximum limit as part of the Schöck pension scheme. In the event of private misfortunes, those affected can count on financial assistance from the Schöck social security fund. Both additional benefits apply to all employees in Germany, i.e. to about 75% of the workforce. Managers play a fundamental role in effectively preventing discrimination in the workplace. For this reason, awareness is raised among managers through various measures, e.g. training courses. In addition, the company has developed, and provided training in, a guideline for its managers which helps to recognise and better deal with discrimination and sexual harassment in the workplace and highlights procedures to be followed in the event of any complaints. 83 Schöck Sustainability Report 2022
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