In 1921 we were one of the first banks in the world to introduce a profit-sharing scheme as an incentive to employees. All employees are eligible and around 60% are currently beneficiaries of the scheme. By giving the majority of our employees a direct stake in Pictet’s growth and success, we have aligned employee interests with those of the Group and its owners.
Our employees in Switzerland are also able to enjoy the benefits of a rigorously managed pension fund, with careful attention paid to how the fund’s assets are invested at any given time.
These characteristics strengthen the notion of partnership between employees and the company, as well as creating a lasting relationship of trust between the company and clients. This approach provides stability and reinforces the Group’s values and corporate culture.
The remuneration policy integrates sustainability risks by way of the policies and procedures which Pictet employees are bound to respect. Compliance with internal (Policies & Procedures) P&Ps form a part of an employee’s annual review, which may include ESG limitations and taking into account sustainability risks based on the type of products or services selected by clients served by that employee.
In addition, Pictet employees are held to the Group’s general engagement on sustainability and responsible investing, as relevant to their function.
4,800 Number of people working for Pictet at 28 offices around the world. Forty years ago, we employed just 300 people
6.6% Pictet’s employee turnover, one of the lowest in the financial industry
21 In years, the average tenure of our managing partners
Fostering employee well-being
Various initiatives enable our employees to share and pass on their expertise.
Diversity & Inclusion
Providing a diverse and inclusive work environment is a priority for us. We believe that diversity of thought and independence of mind foster excellence, and we provide equal employment and advancement opportunities for all qualified individuals. This means taking a fair and equitable approach to recruitment, promotion and pay.
Our engagement towards gender pay equity is confirmed by the Global EDGE certification 1, for which a yearly pay gap analysis and subsequent actions are made.
Flexible and modern ways of working
As a responsible and supportive employer, we offer employees several flexible working arrangements that are open to men and women. These include flexible hours, annualised part-time or unpaid leave; and since January 2020 new fathers have been entitled to 20 days’ paternity leave. In addition, we support the well-being and creativity of our employees through working-from-home arrangements, reflecting the evolution of our working environment.
Health and well-being of our staff
The health and well-being of our employees are at the heart of our priorities. We take care of our employees’ physical and mental health through online platforms, external partnerships and by offering a broad and healthy selection of food in our staff restaurants. Our restaurants also favour sustainable supply chains, support local farmers and strive for near-zero food waste.
1,700 Respondents to the EDGE level 1 survey
20 Number of paternity leave days for new fathers at all our offices
98% Satisfaction rate for our staff restaurant in Geneva
Building employee awareness and fostering actions
To support our environmental efforts, we organise internal events like “Sustainability Week”, which was launched in 2016 with the aim of influencing employees and raising their awareness in order to foster sustainability. Employees around the world are able to listen to talks given by internal and external sustainability experts. There have been more than 20 talks so far, with experts such as Peter Bakker, CEO of the World Business Council for Sustainable Development.
Employees can also learn about local flora and fauna, take part in e-bike excursions and visit the installations used to reduce Pictet’s carbon footprint and generate our own clean energy.
Because of the Covid-19 pandemic, this year’s Sustainability Week was completely virtual.
Volunteering programme for employees
Through this programme, our employees can become involved in social or environmental projects. Two hundred employees worldwide gave of their time to help the community in 2019. The activities include lake cleaning, coaching for young students or mentoring unemployed people.
Blood doning and charitable actions
Blood donations save lives, but only 2.5% of the Swiss population give blood regularly. Pictet has therefore been encouraging its employees to do so since 2007. In 2019, 454 blood donations were collected.
Every year we also ask our employees to donate food and other items to the less fortunate. These donations are then matched by a donation from our Foundation.
Developing collective intelligence: three beehives and 50,000 bees
In April 2018, Pictet employees installed three beehives on the roof of the Geneva headquarters. This also coincided with the launch of the Beekeeping Club, which is 100% managed by Pictet employees.
More than thirty Pictet employees look after the hives and learn the basics of beekeeping. By promoting this initiative, we raise staff awareness of the threats to biodiversity.
Why beekeeping at a bank?
Cyril Camilleri: To create our own apiary, but without external help. The project is primarily educational: we want our employees to be aware of the issues linked to the loss of biodiversity and the decline in the number of pollinating insects. Setting up the club was part of a larger thought process at Pictet, aimed at raising awareness of environmental and sustainability issues within the company.
How is the club doing today?
CC: We now have 25 members (with many more on the waiting list) – most of them without any experience in beekeeping. From March to October we meet once a week to watch the beehives and make sure that the bee colonies are doing well. Some of the members are even considering having their own apiaries at home, which will then multiply the positive effect of reintroducing bees.
What impact have you had so far?
CC: The club immediately generated a lot of interest among our colleagues. As a result, there is growing awareness of the importance of pollinators for the preservation of biodiversity and that managing a beehive is anything but a passive activity. In my eyes, this is a concrete illustration of why taking the long-term view always matters. And this principle applies equally to the way we manage our investments and to the preservation of our planet.
Responsibility at Pictet
Our brochures give a full view of the Pictet Group’s approach to sustainability and responsible investing.