BBVA Bancomer/2018 Annual Report
Remuneration
BBVA Bancomer has a value proposition that provides employees with an advanced remuneration
system, rooted in the reciprocal generation of value for both employees and the Group. This system
reflects the following principles:
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Creation of long-term value.
Compensation for the achievement of results based on prudent and responsible assumption of risks.
Attraction and retention of the best professionals.
Compensation for the level of responsibility and professional career history.
Internal equity and external competitiveness.
Use of market benchmarks through analyses carried out by widely renowned firms that are
leaders in the compensation consultancy sector.
Ensure transparency in the remuneration policy.
Guaranteeing there are no differences in remuneration by gender.
Accordingly, total remuneration includes:
Fixed remuneration, which is established on the basis of the employee's level of responsibility
and professional track record at the Group. A salary benchmark is set for each function, reflecting
its value to the organization. This salary benchmark is defined by analyzing internal and external
equity and comparing it with the market and best payment practices to become the best company
in Mexico when it comes to remuneration practices.
Variable remuneration is a key part of the Bank's remuneration policy, as it rewards the creation
of value at the Group through each of units that make up BBVA Bancomer. In a nutshell, it rewards
individual and team contributions and the value they all contribute to the Group's recurring
earnings.
Benefits
BBVA Bancomer offers employees a number of supplementary benefits and perks to improve
their quality of life in all senses and to make it the best company at attracting and retaining
the finest talent.
The BBVA Bancomer Tower
and Parques Polanco have been
awarded the "Family
Responsible Company"
badge from the Secretariat of Labor
and Social Welfare.
Pensions
BBVA Bancomer offers a pension plan to supplement retirement pay under the national social se-
curity system, thus helping to improve the quality of life of its employees when they retire.
Work climate and engagement
Every year the Mexican Secretariat of Labor and Social Welfare awards the "Family Responsible
Company" badge to worthy companies, granting recognition to those organizations that make
good practices part of their labor culture. Two work centers were awarded this accolade: Torre
BBVA Bancomer and Parques BBVA Bancomer in Mexico City. BBVA offers its employees many of
these good practices, such as the following: breastfeeding rooms, the well-being center, cafeterias,
medical service, staggered timetables, alternative transportation, and many more.
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