Corporate culture plays an important role in employee retention as a positive work environment can contribute to mental well-being and a desire for an employee to stay at a company long-term. In Germany, Austria, and Switzerland, the most important factor that contributed to retaining workers was promoting a work-life balance.
What is important to employees?
When it comes to what leadership thinks is important to employees’ performance recognition, fair treatment, and managers making enough time for their employees took the top three spots. Since the pandemic especially, expectations of the workplace have changed. For example, it has become much more common for people to work from home. These expectations of the workplace also differ by generation. Whilst older generations are more used to traditional expectations, many millennials in Germany wish that flexible working hours, work location, and diverse management were more important to employers.
Employment in Germany
Employment rates in Germany have remained stable over the last few years, even slightly increasing. However, despite the fairly high employment figures, there are still professions that are suffering from a shortage of workers. Some of the professions with the largest shortage of employees were the production of natural stones, minerals, and building materials, floor installation, and acting, dance, and movement art.Â
Contribution of corporate culture to employee retention in Germany, Switzerland, and Austria in 2023
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Hays. (February 13, 2023). Contribution of corporate culture to employee retention in Germany, Switzerland, and Austria in 2023 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1413751/corporate-culture-employee-retention-gsa-region/
Hays. "Contribution of corporate culture to employee retention in Germany, Switzerland, and Austria in 2023." Chart. February 13, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1413751/corporate-culture-employee-retention-gsa-region/
Hays. (2023). Contribution of corporate culture to employee retention in Germany, Switzerland, and Austria in 2023. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1413751/corporate-culture-employee-retention-gsa-region/
Hays. "Contribution of Corporate Culture to Employee Retention in Germany, Switzerland, and Austria in 2023." Statista, Statista Inc., 13 Feb 2023, https://www.statista.com/statistics/1413751/corporate-culture-employee-retention-gsa-region/
Hays, Contribution of corporate culture to employee retention in Germany, Switzerland, and Austria in 2023 Statista, https://www.statista.com/statistics/1413751/corporate-culture-employee-retention-gsa-region/ (last visited August 25, 2024)
Contribution of corporate culture to employee retention in Germany, Switzerland, and Austria in 2023 [Graph], Hays, February 13, 2023. [Online]. Available: https://www.statista.com/statistics/1413751/corporate-culture-employee-retention-gsa-region/