Staff matters

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EMPLOYEE PROFILE

Increasingly, the Nedbank Group employee profile is being transformed to be more representative of the demographics of the people we serve across South Africa. At the end of 2008 our employee profile was as follows:

Staff statistics as at 31 December 2008

  Nedbank Group Ltd 2008   2007   2006  
  Total number of employees opening balance 26 522   24 034   22 188  
  SA permanent employees at beginning of year 21 581   19 666   18 681  
  Add:      
  Recruitment 3 936   4 696   3 415  
  Less:      
  Terminations 2 797   2 781   2 430  
  Resignations 2 186   2 337   1 944  
  Deaths 47   34   29  
  Dismissals 247   182   165  
  Retirements 126   96   108  
  Retrenchments 13   13   77  
  Emigration 145   94   72  
  Disability 33   25   35  
  SA permanent employees at end of year 22 720   21 581   19 666  
         
  Other employee categories 2008   2007   2006  
  Contractors and financial planners 1 849   1 700   1 470  
  International employees (including Africa) 1 803   1 793   1 595  
  External entities 1 198   1 448   1 303  
  Total number of employees      
  (excluding temporary staff) 27 570   26 522   24 034  
   
  Women
 

             
  Age profile
  < 26 years %   19,1   18,4   16,0  
  26 – 35 years %   38,1   38,0   38,3  
  36 – 45 years %   25,0   25,5   27,1  
  46 – 55 years %   13,7   14,1   14,6  
  > 55 years %   4,0   4,1   3,9  
  Tenure
  <3 years %   45,3   45,3   37,9  
  3 – 5 years %   11,3   9,8   13,4  
  6 – 10 years %   15,9   16,4   19,0  
  >10 years %   27,5   28,6   29,7  
  Disabled %   1,60   1,0   0,1  
  Tertiary education        
  Certificates and        
  diplomas (undergraduate) %   16,5   18,6   18,5  
  First degree %   8,6   9,0   9,1  
  Honours and postgraduate        
  certificates and diplomas %   4,1    4,1   4,3  
  Masters and doctorates %   1,1   1,1   1,2  
  Matric and lower %   69,7   67,1   66,1  

The vision of making Nedbank Group a ‘great place to work’ serves as a constant reminder that our staff are our most important asset and that their happiness, productivity and development are all crucial to the sustainable success of our bank. The key people focus areas identified in 2008 will therefore be retained as the foundation of the group’s ‘people strategy’ for the three years between 2009 and 2011. These focus areas are the following:

  1. Building a unique culture for competitive advantage
  2. Embedding talent management
  3. Learning and growth
  4. Accelerating transformation

This HR section of the 2008 Sustainability Report is presented in line with these core focus areas.