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HANNOVER MESSE 2020, 20 - 24 April
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Industrie 4.0

Industry offers money and training to attract employees

Virtually all branches of industry are experiencing a shortage of skilled workers. Companies are focusing above all on offering attractive salaries, training young talent and financing further training in order to fend off the competition.

04 Apr. 2019
HMI-ID03-060ds_Randstad
Industry offers money and training to attract employees (Chart: Randstad N.V.)

This is the finding of a survey of 202 German industrial companies with ten or more employees conducted by the personnel service provider Randstad . Lack of personnel is a pressing issue for most of those surveyed, accounting for 91% of responses. A well-known and popular company name thus no longer suffices to attract applicants. Other factors such as a good salary or additional social benefits are necessary. According to Dr. Christoph Kahlenberg of Randstad, however, German companies are in a predicament. As he sees it, Germany's industry is mostly situated in the high-end segment. Although this makes it less sensitive to price fluctuations and it can increase wages if necessary, on the other hand, since high-end production requires skilled workers, companies are left with virtually no alternative to raising salaries.

In its 2018 economic survey, the German Chamber of Industry and Commerce ( DIHK ) had already pointed out the risks that the shortage of skilled workers could entail. These included an additional burdening of the existing workforce and a possible reduction in supply. Entrepreneurial innovation potential could also suffer.

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