Why read this report
- German executives are leading the response to workforce ageing. Compared with their counterparts in other countries, they rank in first or second place when it comes to offering more flexible working hours or working from home (77%), changing the employee benefits they offer (55%), and making physical changes to the workplace (45%).
- Early action reduces the sense of panic, possibly. Germany’s working-age population has been declining for years. Yet only 14% of its executives—the same as the average for Europe—see ageing as high-priority human resources issue today.
- Talent becomes a priority, but not at the expense of cost control. In the years to 2020 German executives will pay more attention to talent management. The share of those rating it as a top two priority leaps by 237%—by far the biggest increase in Europe. But at the same time—and unlike others in Europe—German executives plan to maintain their tight grip on cost control.
- German workers value financial security. Today, they worry less than anyone else in Europe about whether they might lose their jobs, according to their employers. And any fears they do have will ease further as the economy improves. But that will not stop Germans worrying about their financial security. Their worries on this point barely fall between now and 2020—41% of employers rank it is as a concern of their employees today, compared with 39% in six years’ time.