Barclays 2010 Annual Report Download - page 39

2009
Staff costs increased 38% to £9,948m (2008: £7,204m) driven by a 40%
increase in salaries and accrued performance costs, primarily in Barclays
Capital, reflecting the inclusion of the acquired Lehman Brothers North
American businesses and associated net increase of 7,000 employees in
September 2008.
For 2009, £190m of bank payroll tax costs were included within Other
Staff Costs in respect of 2009 cash awards. A further provision of £35m
was also included in Other Staff Costs in respect of certain prior year
awards being distributed during the tax window.
Defined benefit plan pension costs decreased £122m to £33m credit
(2008: cost of £89m) primarily due to the UK Retirement Fund whose
charges decreased as a result of a one-off credit of £371m from the
closure of the final salary scheme to existing members.
Staff numbers
2010
Total Group permanent and fixed term contract staff comprised 58,100
(2009: 55,700) in the UK and 89,400 (2009: 88,500) internationally.
Staff numbers have increased by 1,900 to 67,900 (2009: 66,000)
for Global Retail Banking largely due to the acquisition of Standard
Life Bank, the build-out of Barclays Shared Services in India, the
insourcing of operations and the further international development
of technology infrastructure.
Barclays Capital staff numbers increased 1,600 to 24,800 (2009: 23,200)
as a result of investment in sales, origination, trading and research
activities. Barclays Corporate staff numbers decreased 1,000 to 11,900
(2009: 12,900) primarily reflecting restructuring in New Markets.
2009
Total Group permanent and fixed-term contract staff comprised 55,700
(2008: 59,600) in the UK and 88,500 (2008: 93,200) internationally.
Global Retail Banking number of employees decreased by 3,900 to 66,000
(2008: 69,900), reflecting active cost management and restructuring in
Spain and Africa, partially offset by increases in Portugal and Italy to
support the expansion of the network in these countries. Absa number
of employees decreased 2,500 to 33,200 (2008: 35,700), reflecting
restructuring and a freeze on recruitment.
Barclays Capital number of employees increased 100 to 23,200
(2008: 23,100) as a net reduction in the first half of the year was offset
by strategic growth in the business and the annual graduate intake.
Barclays Corporate number of employees decreased 1,900 to 12,900
(2008: 14,800) reflecting tightly managed costs, partly offset by the
expansion of risk and offshore support operations. Barclays Wealth number
of employees decreased 500 to 7,400 (2008: 7,900) reflecting active cost
management, including efficiency savings in non-client facing areas.
Staff numbers
(full time equivalent)
As at 31st December 2010 2009 2008
UK Retail Banking 34,700 31,900 33,800
Barclaycard 9,900 10,100 10,300
Western Europe Retail Banking 9,400 9,600 9,300
Barclays Africa 13,900 14,400 16,500
Barclays Capital 24,800 23,200 23,100
Barclays Corporate 11,900 12,900 14,800
Wealth 7,700 7,400 7,900
Absa 33,700 33,200 35,700
Head Office Functions and
Other Operations 1,500 1,500 1,400
Total Group permanent and
fixed-term contract staff
worldwidea147,500 144,200 152,800
Note
a Excludes 2,400 employees (2009: 2,500; 2008: Nil) of consolidated entities engaged
in activities that are not closely related to our principal businesses.
Barclays PLC Annual Report 2010 www.barclays.com/annualreport10 37
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