Germany Talent Trends
With business confidence at its highest level in more than two years and the economy gathering pace, Germany’s jobs market continues to thrive. Levels of unemployment are down to the lowest point since the country’s reunification in 1990.
Despite ranking as the strongest employment market in Europe, German are not happy. In fact, 74 percent of the workforce is dissatisfied with their career prospects and 63 percent are displeased with their pay packets, which explains why most are doing just enough to get by at work. And yet, the majority (47 percent) of employees have no plans to leave their employers any time soon.
Employers should look to boost morale and help the workforce feel good about their future with the company. By resetting expectations about career opportunities and refining their employment value proposition, organizations can offset the likelihood that employees “quit in seat,” a phenomenon common when employees report high intent to stay coupled with low discretionary effort, as is the case in Germany.