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ANZ is market competitive and our remuneration and benefits are structured to reward people for their individual and collective contribution to our success, and for demonstrating our values in action.
We encourage our staff to become part owners in our business and share in ANZ's success by receiving, earning and buying ANZ shares. Approximately 85% of all staff are ANZ shareholders.
In 2006, for the ninth year, we issued up to $1000 of ANZ shares to each eligible staff member globally. The shares are offered under the Employee Share Acquisition Program as an investment in ANZ's future and are allocated only if our business performs well. Including the 2006 distribution, approximately 11 million shares have been granted under the program.
Our Employee Share Save Scheme allows staff to purchase shares through salary sacrifice at a 5% discount. As at December 2006, over 3,400 Australian staff currently participate in the scheme.
We have continued to increase the range of salary packaging benefits available to our staff in Australia. Current benefits for eligible staff include:
- Child care at participating centres.
- Additional personal and spouse superannuation contributions.
- Employee Share Save Scheme (ESSS).
- Airport lounge membership.
- Car parking.
- Community Giving (our workplace donations and matched giving program).
- Concessional lending.
- Laptops.
- Lifestyle leave
- Novated leases for motor vehicles.
- Personal Digital Assistants (PDAs).
We also offer discounts on ANZ products and services and special discounts on non-ANZ products and services such as computers, cars and travel.
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