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Distribution by wage level
Caja Madrid is aware that employees must feel their efforts and commitment are adequately rewarded, so has set a standard minimum entry-level wage of €1446.35 per month, plus bonuses and other in-kind and deferred payments. This compares favourably with the local minimum wage whose official level in 2007 was a much lower €570.60 (according to the Official State Gazette).
The Group's equal opportunities policy stipulates the same basic salary for men and women, as depicted in our next table, which offers a breakdown of the workforce by wage level:
Professional category
Group I
| |
No of Employees
(Men/Women) |
Base Salary
(Euros) |
| I |
202 M 10 W |
2,393.06 |
| II |
1,011 M 122 W |
2,014.77 |
| III |
540 M 101 W |
1,788.08 |
| IV |
1,026 M 320 W |
1,690.78 |
| V |
697 M 419 W |
1,637.02 |
| VI |
1,235 M 923 W |
1,583.26 |
| VII |
311 M 354 W |
1,511.53 |
| VIII |
331 M 542 W |
1,460.84 |
| IX |
578 M 934 W |
1,384.43 |
| X |
228 M 396 W |
1,319.49 |
| XI |
430 M 850 W |
1,176.76 |
| XII |
322 M 433 W |
1,005.96 |
| XIII |
493 M 741 W |
804.76 |
Group II
| |
No of Employees
(Men/Women) |
Base Salary
(Euros) |
| I |
1 M 0 W |
1,273.08 |
| II |
15 M 4 W |
1,205.57 |
| III |
1 M 0 W |
1,137.39 |
| IV |
0 M 0 W |
996.53 |
| V |
0 M 0 W |
953.87 |
| Cleaning service |
0 M 13 W |
|
Ungraded (1)
| Men/Women |
No of Employees |
| M |
6 |
| W |
10 |
| (1) Includes people destined and hired at the Miami and Lisbon offices. |
Totals
TOTAL CAJA MADRID
(GROUP I + GROUP II + OTHERS) |
13,599 |
| OTHER GROUP COMPANIES |
780 |
| TOTAL CAJA MADRID GROUP |
14,379 |