Organisation and Tasks of Danmarks Nationalbank

STAFF

At the close of 2007, Danmarks Nationalbank had 540 employees, equivalent to 507 full-time positions. Employees in part-time positions constituted 13 per cent of the staff.

The staffing structure reflects that Danmarks Nationalbank is both a knowledge organisation and a production enterprise. Recent years' trend towards a higher proportion of staff with an academic background has continued, cf. Table 2.

Danmarks Nationalbank has established trainee positions within its various professional areas, and the number of clerical and craft apprenticeships was increased in 2007. A number of PhD scholarships are also offered, and at the end of 2007 11 employees were on leave to work for international institutions.

It is the policy of Danmarks Nationalbank to contribute to training and education in areas where it uses specialist staff.

In 2007 absence due to illness averaged 7.2 days per staff member, which is a slight increase compared to 2006 (7.0 days).

Recruitment
As part of a more active recruitment effort, Danmarks Nationalbank held two career evenings, in May and November, for students of economics from the universities of Aalborg, Aarhus, Southern Denmark and Copenhagen.

The staff turnover rate was 16 per cent in 2007, which was higher than in the preceding years. In general it has been more difficult to fill vacancies as the number of applicants has fallen, among other reasons. Particularly bank staff has been difficult to recruit.

Outsourcing
Danmarks Nationalbank's plans to outsource IT tasks were abandoned as no pre-qualified external suppliers wished to submit tenders in accordance with the tender documents.

Organisational restructuring
As of 1 June 2007, Danmarks Nationalbank restructured its organisation so that International Relations became part of Economics, Government Debt Accounting was integrated into Accounting, and an Administration department was established, comprising the former Secretariat, Personnel and Organisation and IT departments. Subsequently, IT has become a separate department since Danmarks Nationalbank will continue to operate its own IT systems.

Collective bargaining for the Banknote Printing Works
In 2007, Danmarks Nationalbank signed a 3-year agreement with the trade union HK/Medie & Kommunikation covering employees at the Banknote Printing Works.

MANAGEMENT AND ORGANISATION

REPRESENTATION OF THE BOARD OF GOVERNORS ON COMMITTEES, IN INTERNATIONAL ORGANISATIONS, ETC.

As of 1 March 2008, the Board of Governors is represented on the following committees:

• Bankernes EDB Central (BEC)
  Governor Torben Nielsen is an observer on the Board of Directors.
• Danish Ship Finance A/S
  Governor Jens Thomsen is a member of the Board of Directors.
• The Financial Business Council
  Governor Jens Thomsen is a member.
• The Economic Council
  Governor Jens Thomsen is a member.
• PBS Holding A/S and PBS A/S
  Governor Torben Nielsen is a member of the Board of Directors.
• VP Securities Services A/S
  Governor Torben Nielsen is the Vice Chairman of the Board of Directors.

The European Union, EU

• The Economic and Financial Committee
  Governor Jens Thomsen is a member.
• Economic and Financial Committee Group on EU Government Bonds and Bills Markets
  Governor Jens Thomsen is Chairman.

The European Central Bank, ECB

• The General Council
  Governor Nils Bernstein is a member.
• International Relations Committee
  Governor Jens Thomsen is a member.

The International Monetary Fund, IMF

• Board of Governors
  Governor Nils Bernstein is the Danish member.
• The Nordic/Baltic Monetary and Financial Committee
  Governor Jens Thomsen is a member.

Organisation for Economic Cooperation and Development, OECD

• The Economic Policy Committee
  Governor Jens Thomsen is a member.