Komplett Bank Annual Report 2022

The employees Komplett Bank aims to be an attractive employer which offers a good working environment for the employees, the Bank’s most important resource. Komplett Bank relies on motivated and engaged employees to reach its business goals, and wants to provide its employees opportunities to develop, enhance their skills and assume new responsibilities. To ensure value creation for all stakeholders, the Bank also need individuals that complement each other and work well together. Komplett Bank’s employment practices ensure compliance with internationally recognised human rights and labour rights. Diversity and equal opportunities Komplett Bank believes a diverse and inclusive workforce is fundamental to ensure innovation and value creation over time. All employees shall be treated equally, regardless of age, gender, disability, cultural background, religious beliefs or sexual orientation, both in recruitment processes and throughout the employment relationship. No kinds of discrimination or harassment is accepted. There were no reported breaches of the company’s guidelines in 2022. Komplett Bank works actively to ensure diversity and equal opportunities. As a result, the Bank employs more than 10 different nationalities and has a good gender distribution across departments and management levels. At the end of 2022, the Bank employed 87 persons (84.7 FTEs). Women account for 41.4 % of all staff and 52.9 % of all management. One of the Bank’s objectives is to ensure that both genders are represented in all management bodies. At the end of the year, 43 % of Komplett Bank’s board members were women, while there was one woman of 6 members of the executive management team. Women and men are paid the same rate for the work they do, and employees are promoted on merits. Komplett Bank encourages a good work-life balance for all employees. Of 87 employees, four are employed on a part-time basis (whereof 2 are females and 2 are men) motivated by employee preferences. Both men and women are encouraged to take parental leave. Komplett Bank offers permanent employees paid parental leave equalling 100 % of their salary, above the statutory requirements in Norway. In 2022, a total of 7 of the Bank’s employees took parental leave, and two of these were men. On average women took 24.8 weeks and men 3 weeks. Salary comparisons The Bank has evaluated and divided the organisation into job categories based on organisational level and type of position. This means that job categories can be at the same organisational level, one separation being between e.g leader/manager and specialist. The comparison shows that women’s salary level is 83.4 % of men’s salaries. Disregarding the salaries of the executive management, the women’s salary level is 91.6 % of men’s salaries. The most significant reason for the wage differences is attributed to age and work experience. The Bank covers 100 % of salaries, regardless of salary level, for sick leaves up to 12 months and parental leaves. Additionally, the Bank covers telephony and internet connection. The scheme is related to job category. The bank also offers favourable conditions for accrual of pension and personnel insurance schemes. Working conditions Komplett Bank is committed to ensuring good working conditions that promote health and flexibility in order to maintain a motivated workforce. Komplett Bank conducts an annual employee survey to measure employees’ satisfaction and wellbeing at work. The survey is a feedback method based on the Job-Demand Resource model, which indicates the Bank’s ability to develop a work environment that balances requirements and resources. The results of the survey as well as a follow-up survey after approx. 6 months, provide important feedback on actions implemented and the development of the work environment. The annual review for 2022 indicates that the Bank’s employees generally are happy at work and considers their working environment to be good, a view which is underlined by acceptable turnover rates amongst employees and generally low levels of sick leave. The employee survey forms an integral part of the Bank’s internal control and provides a basis for implementing improvement measures as and when deemed necessary. In 2022, the sick leave was 6.4 %, up from 4.1 % in 2021. The increase can to some degree be related to the pandemic, as short-term leaves still are at a low level. The Bank has implemented various activities and welfare initiatives like boot camp, running sessions with trainer and squash, to promote an active social environment and well-being at the workplace. The Bank’s HR department works systematically to reduce sick leave, through preventive working environment measures and close follow-ups and dialogue of employees on absence. The Bank has established a working environment committee, a cooperative body whose main function is to contribute to a fully satisfactory working environment in the Bank. The committee consists of two management representatives and two employees. The committee participates in the planning of protection and environmental work and pays attention to the development in questions regarding the safety, health, and welfare of the employees. The committee held four meetings in 2021. Komplett Bank / Annual Report 2022 27

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