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Employee Competitive Compensation
Employee Competitive Compensation Global Incentive Pay Program
 

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Employee Competitive Compensation Global Incentive Pay Program


Global Incentive Pay Program

  2006 2007 2008
Canadian*
Number of participating employees 27,600 28,200 29,600
Total payout ($ millions) 112.3 128.0 110.7
International*
Number of participating employees 6,650 8,120 8,800
Number of countries 32 32 32
Total payout ($ millions) 10.9 12.5 14.0

*approximate


Performance-related pay at Scotiabank*

(at October 31, 2008)

2006 2007 2008
Performance related pay ($ millions) 1,099 1,150 1,002
Performance-related pay as % of total compensation**   29% 29% 24%

* Includes all incentive pay and stock-based compensation awarded across the organization
** Total compensation includes base pay, incentive, pension and benefits.


Employee participation in Scotiabank Employee Share Ownership Plan

(at October 31, 2008)

2006 2007 2008
Canada (Scotiabank Plan) 24,665 25,477 25,919
US/USVI 525 534 667
Puerto Rico 390 446 412
Jamaica 1,608 1,624 1,614
United Kingdom 135 133 144
Ireland 28 25 24
Global GESOP 5,540* 5,930** 6,161**
Total 32,891 34,169 34,941

* 20 locations ** 21 locations