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Personnel expenses and employee information
 12 Months Ended
Dec. 31, 2024
Compensation Related Costs [Abstract]  
Personnel expenses and employee information Personnel expenses and employee information
Personnel expenses for all payroll employees were as follows:
Year ended December 31 (€, in millions)
2022
2023
2024
Wages and salaries
3,502.5
4,447.0
5,001.2
Social security expenses
300.7
410.5
468.4
Pension and retirement expenses
255.9
348.9
395.2
Share-based payments
68.9
134.8
172.6
Personnel expenses
4,128.0
5,341.2
6,037.4
The continued increase in personnel expenses is primarily attributable to an increase in the number of FTEs, higher
wages and related cost, to support the continued growth of our business.
The average number of payroll employees in FTEs was:
Average number of payroll employees in FTEs
2022
2023
2024
Netherlands
16,722
19,876
21,811
Worldwide (including Netherlands)
33,071
38,805
41,697
The total number of payroll and temporary employees as of December 31 in FTE per sector was:
Year ended December 31 (in FTE)
2022
2023
2024
Customer Support and Sales
9,643
10,790
10,344
Manufacturing and Supply Chain Management
9,953
9,954
11,341
Strategic Supply Management
1,541
2,033
1,965
General and Administrative
3,768
4,035
4,385
Research and Development
14,181
15,604
15,992
Total
39,086
42,416
44,027
Less: Temporary employees
2,974
2,107
1,241
Payroll employees
36,112
40,309
42,786
Short-term incentive bonus plans
We have annual performance-related STI bonus plans for our employees. Under these plans, the employee bonus
payout depends on the employee’s job grade, the type of bonus plan and the company/individual performance. The
employee bonus payout (excluding the Board of Management) ranges between 0% and 126% of their annual base
gross salary. The 2024 STI bonus is accrued for as part of Accrued and other liabilities in the Consolidated balance
sheets and will be paid in the first quarter of 2025.
The STI bonus expenses for the (former) Board of Management and other employees were as follows:
Year ended December 31 (€, in millions)
2022
2023
2024
Board of Management
3.8
6.0
5.3
Former Board of Management1
—
—
1.0
Other employees
629.6
712.6
816.8
Total STI bonus expenses
633.4
718.6
823.1
1.On April 24, 2024, Peter T.F.M. Wennink and Martin A. van den Brink stepped down from their roles as Presidents of ASML and are, therefore,
presented as former Board of Management.