Governance | 102-38

Annual total compensation ratio

The remuneration of our employees, including our managers, is based on a standardized job grade concept specific to Symrise. This keeps remuneration oriented toward the value contribution of the position that employees have and not their hierarchical placement. It ensures that remuneration within the company is perceived as transparent, fair and in line with the market, and that it is not bound to hierarchical structures. The job grade concept includes a manager track and a specialist track for experts. It consists of wide salary ranges that facilitate the individual development of employees within the band by means of “job enrichment,” projects or augmented expertise. By using this approach, we align professional development with salary development. Depending on the form of the wage agreement in the individual countries, the job grades include 5 to 10 steps for the classification of functions according to a set catalog of criteria (for example, qualification, know-how, functional responsibility, strategic impact).

In Germany, by far our largest location, the average annual total remuneration for our employees who enjoy the largest remuneration comes to between around € 250,000 to € 300,000. On average, the annual income of all our employees in Germany amounts to € 62,000. As such, our employees with the highest remuneration earn 4 to 5 times more than our average employee.

At our Singapore location, the average annual total compensation for our employees who enjoy the largest remuneration comes to between around € 260,000 to € 320,000. On average, the annual income of all our employees in Singapore amounts to € 65,700. As such, our employees with the highest remuneration earn 5.2 to 6.4 times more than our average employee.

At our locations in the United States, the average annual total compensation for our employees who enjoy the largest remuneration comes to between around € 320,000 to € 380,000. On average, the annual income of all our employees in the United States amounts to € 102,000. As such, our employees with the highest remuneration earn 3.5 to 4.1 times more than our average employee.

At our locations in the Brazil, the average annual total compensation for our employees who enjoy the largest remuneration comes to between around € 200,000 to € 252,000. On average, the annual income of all our employees in Brazil amounts to € 44,250. As such, our employees with the highest remuneration earn 6.6 to 8.4 times more than our average employee.

When calculating the figures for Germany, we did not factor in the remuneration of the Executive Board. At Symrise, the average remuneration of an Executive Board member, consisting of the fixed remuneration, an annual variable component and a long-term variable component, corresponds to approximately 28 times the average remuneration of Symrise employees worldwide.