MERLIN Properties Annual Report 2024

112 | Annual report | 2024 WAGE GAP ANALYSIS The total compensation earned per employee, including executive directors who are included in the category of Managers, by the average number of employees has been taken into account to calculate the average remuneration and the wage gap. . 6 of the interns were hired at the end of their internships. Situation at 31/12 Total End of internships 10 Recruited 6 Continues intership 6 Total 22 Employee compensation Differential remuneration scheme Remuneration is a key tool for attracting and retaining the best talent. The Company’s remuneration scheme has a differential aspect in that it prioritises performance over any other variable when establishing remuneration and, therefore, employee growth is monitored on an ongoing basis. MERLIN employees receive fixed annual remuneration along with annual variable remuneration tried to the fulfilment of the Group’s objectives and to each employee’s individual performance. 100% of MERLIN’s employees receive variable remuneration or bonuses, regardless of their professional category. This allows the company to reward performance and attract and retain the best talent, without it being a tool used only for a specific group. 15% of this remuneration is linked to compliance with various sustainability metrics, such as reduction of carbon footprint intensity and improvement in sustainability indexes (GRESB, CDP, SP Global, Sustainalytics, MSCI, etc.). Some 23% of employees are also on a long- term incentives plan, further strengthening the retention of key talent for the company’s business. Employee benefits In addition to MERLIN’s remuneration system, the Group offers all its employees employment benefits and alternative remuneration formulas. All Group employees have the same remuneration in kind conditions and social benefits: health insurance (for employees, spouse and children), life and accident insurance and language training. In addition, in Spain, all employees have access to a flexible remuneration plan which includes: restaurant card, transport card, childcare vouchers, training plans and access to the purchase of shares in the Parent. In Portugal, all employees receive a food allowance. Employees have access to discounts in different areas such as restaurants and pharmacies close to the offices, as well as in training schools, hotels and different establishments in shopping centres. In 2023, a “Shopping Club” was included where employees can access discounts from different brands for online shopping.