MERLIN Properties Annual Report 2021

76 | Annual Report | 2021 MERLIN’s team, which is so critical to the Company’s success, is composed of a group of highly qualified professionals with extensive experience in the sector. MERLIN goes to great lengths to keep its employees motivated and committed and has a high talent retention rate. MERLIN’S DISTINCTIVE ASPECTS IN RELATION TO ITS EMPLOYEES 24.4 average years of experience of the management eam 54.6 M€ GAV/employee 92.5% of employees have received training 8.4% Voluntary turnover rate 28.8% of employees have chosen to receive company shares as in-kind compensation. Excellence MERLIN’s staff is made up of a team of top professionals with extensive knowledge of the real estate sector and vast experience, especially the management team. Productivity Once again, MERLIN reinforced its position as the REIT with the one of the highest GAV per employee in Europe, 2.4 times higher than the European average, in line with its philosophy of growth and efficiency. Independence MERLIN has a proactive and responsible team of professionals who are equipped with the necessary skills and independence to guarantee good decision-making. Talent retention MERLIN strives to offer professionals long-term development opportunities, ensuring their well-being as members of the Company and making all employees feel comfortable and identified with the Group’s philosophy and objectives. Commitment MERLIN’s professionals are committed to the Company. Worth noting here is the percentage of employees who have chosen to receive part of their compensation in company shares.