MERLIN Properties Annual Report 2022

116 | Annual report | 2022 IMPLEMENTATION OF WORK DISCONNECTION POLICIES MERLIN instructs all employees not to send emails outside working hours as far as possible. MERLIN’s Employee Handbook that all professionals receive when they join the Company and that can be accessed through the Employee Portal at any time during their employment relationship, has a chapter dedicated to digital disconnection in 2022. In this chapter MERLIN emphasises the importance of having rest periods for the physical and mental well-being of all employees and co-workers, and creates a set of guidelines and criteria to help employees ensure good email habits. Employee compensation Diffential remuneration scheme Remuneration is a key tool for attracting and retaining the best talent. The Company’s remuneration scheme is differential; prioritizing performance over any other variable when establishing remuneration and, therefore, employee growth is monitored on an ongoing basis. 100% of the employees benefit from a variable remuneration (bonus), regardless of their professional category. This enables the company to reward the performance and attract and retain the best professionals across all levels. 23% of the employees benefit as well from a long-term incentive plan further reinforcing, key talent retention to guarantee the company´s success. Employee benefits In addition to MERLIN’s remuneration system, the Group offers all its employees employment benefits and alternative remuneration formulas. In 2022, all MERLIN Group employees enjoyed the same conditions and social benefits in kind, which include health insurance (covering the employee, its spouse and children), life and accident insurance, and all employees in Spain have access to a flexible remuneration plan that includes restaurant vouchers, transport vouchers, childcare vouchers, training plans and the option of purchasing shares of the Parent company.