Distribution by pay levels
Caja Madrid is aware that employees must feel their efforts and commitment are adequately rewarded, so has set a standard minimum entry-level salary of €1476.12 per month, plus incentives and other benefits and deferred compensation. This compares favourably with the local legal minimum monthly pay of €600 for 2008.
The Group's equal opportunities policy mandates that there be no gender discrimination in base salaries, as borne out in the next table, which offers a breakdown of the workforce by gender and salary per job category:
Professional category
| Group I |
Gender |
No, of Employees |
Base Salary
(Euros) |
| I |
H |
244 |
2,440.93 |
| M |
13 |
| II |
H |
1,034 |
2,055.07 |
| M |
125 |
| III |
H |
540 |
1,823.85 |
| M |
130 |
| IV |
H |
992 |
1,724.60 |
| M |
334 |
| V |
H |
751 |
1,669.76 |
| M |
512 |
| VI |
H |
1,214 |
1,614.93 |
| M |
966 |
| VII |
H |
375 |
1,541.77 |
| M |
500 |
| VII |
H |
456 |
1,490.06 |
| M |
767 |
| IX |
H |
316 |
1,412.12 |
| M |
486 |
| X |
H |
309 |
1,345.88 |
| M |
572 |
| XI |
H |
288 |
1,200.30 |
| M |
600 |
| XII |
H |
663 |
1,026.08 |
| M |
993 |
| XIII |
H |
334 |
820.26 |
| M |
572 |
| Group II |
Gender |
No. of Employees |
Base Salary
(Euros) |
| I |
H |
2 |
1,298.55 |
| M |
0 |
| II |
H |
12 |
1,229.69 |
| M |
4 |
| III |
H |
0 |
1,160.14 |
| M |
0 |
| IV |
H |
0 |
1,016.47 |
| M |
0 |
| V |
H |
0 |
972.95 |
| M |
0 |
Cleaning
Service |
H |
0 |
|
| M |
9 |
| Ungraded (1) |
Gender |
No. of Employees |
|
| |
H |
9 |
|
| M |
12 |
| Totales |
|
TOTAL CAJA MADRID
(GROUP I + GROUP II + OTHERS) |
14,134 |
| OTHER GROUP COMPANIES |
828 |
| TOTAL CAJA MADRID GROUP |
14,962 |
(1) Includes persons seconded to or hired directly in the Miami, Lisbon and Vienna offices