Remuneration and Flexible Working Models

Management Approach

We regard transparent and performance-based remuneration as an expression of appreciation for our employees. Responsibility for compensation systems and flexible work models lies with HR, which ensures strategic implementation in close coordination with management and the Chief HR Officer (CHRO). We consistently comply with legal minimum wage regulations in Germany, and in Austria and Sweden, we adhere to collectively agreed minimum wages for the relevant occupational group or industry. Moreover, over 99% of the workforce is covered by collective agreements ensuring representation of their interests. Employee satisfaction and retention depend fundamentally on fair pay and good working conditions. Fair remuneration not only increases motivation, but also promotes equal opportunity. Therefore, we offer most of our employees variable special benefits based on occasion and performance. Our goal is to continuously develop remuneration models in order to secure individual living standards and remain competitive in the market.

Furthermore, we place great emphasis on optimal working conditions and rely on innovative concepts for mobile and flexible workplace and working time arrangements. Digitalisation and modern equipment allow us to tailor working hours and locations to individual and operational needs. Flexitime accounts support flexibility.  This enables us to proactively address the skilled labour shortage and strengthen our attractiveness as an employer. With these measures, we create a foundation for future-proof working models that adapt to the life situations of our employees and position Vonovia as an employee-friendly employer.