Randstad Germany GmbH & Co. KG
The effects of the war in Ukraine are hitting the economy, companies and workers hard. A recent Randstad study shows how companies mitigate the consequences for their employees.
Fuel vouchers, bonus payments and more work from home: German companies are using various means to support their workforce in the crisis. This is shown by the HRM survey conducted by Randstad together with the ifo Institute in the second quarter of 2022. 57% of companies have taken at least one measure to support their employees and save operational costs.
A third of companies issue fuel coupons, service providers offer more home offices
The main focus is on rising energy prices and the associated increase in costs for traveling and staying at work. 32% of companies offer their employees fuel vouchers for traveling to work. 21% grant a general travel allowance. 19% have increased their home office offer by an average of 8.5 days per month. Service companies rely heavily on telecommuting. A third of the companies there offer an average of 9 extra home office days.
“Many companies see the challenges for their workforce and are responding pragmatically with work-related support,” summarizes Dr. Carolin Herbst, HR Group Director at Randstad Germany. “However, tax-free in-kind benefits such as fuel stamps do not provide relief to all workers. Support must be tailored to the individual worker’s situation. Some workers may be helped more by a meal stamp if food prices continue to rise. Others benefit more from more flexible working hours and locations,” according to the Randstad expert. According to the survey results, the workforce in 22% of businesses receives a special one-off payment. Only a fraction (1%) pays a subsidy for electricity costs of their employees.
One fifth of companies pay compensation for inflation
Some companies also make salary adjustments. Every fifth company is paid an additional adjustment for inflation (18%). Bonus payments were made in 14% of companies and planned in 38%. 37% of businesses have already increased wages. “In addition to financial support, personal and social support is also important,” warns the Randstad expert. “Openness to employee concerns and sensitivity to signs of overload are urgently needed in order to be able to provide effective support in the current situation. Regular employee surveys and discussions with managers are now even more demanding.”
About the Randstad-ifo HR manager survey
The results presented are from the Q2 2022 Randstad-ifo HR manager survey, which is conducted quarterly by the ifo Institute on behalf of staffing services provider Randstad. The study surveys up to 1,000 HR managers in German companies of different sizes and industries. The special questions of the second quarter of 2022 were about the current impact on the personnel policy of German companies due to the war in Ukraine, inflation, material shortages and staff shortages.
About Carolin Herbst
Dr. Carolin Herbst is HR Group Director at Randstad Germany since April 2022. From 2016 to 2021, the sociologist worked as an HR Director at a bank. There she was the first and youngest woman to hold a department management level position. Previously, he worked as a talent development consultant for a management consulting firm and as a management consultant for personnel and management consultants.
About Randstad Group Germany
Randstad is Germany’s leading provider of staffing services. We help companies and employees realize their potential by combining our technology expertise with our people intuition. We call this principle the human front. At Randstad Group Germany we are based in 300 cities with 47,300 employees and 550 branches. Our sales volume is approximately €1.895 billion (2021). In addition to classic temporary work, our portfolio includes the business areas of professional services, permanent placement, HR solutions and in-house services. As an experienced and reliable partner, we create customized staffing solutions for our client companies. Our individual performance and development offers for employees and applicants also make us an attractive employer and service provider for specialists and managers. We have been active in Germany for more than 50 years, we belong to the Dutch Randstad NV with the German Randstad Group. Total sales of approximately €24.6 billion (year 2021), approximately 653,300 employees in daily use and approximately 5,000 branches in 38 markets make our international group of companies the world’s largest provider of staffing services. In addition to Randstad Deutschland GmbH & Co KG, our national subsidiaries also include Tempo Team, Gulp, Monster, twago, Randstad Sourceright, Randstad Outsourcing GmbH as well as Randstad Automotive and Randstad Financial Services. CEO is Richard Jager.
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Original content by: Randstad Deutschland GmbH & Co. KG, broadcast by news aktuell