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Corporate Culture and Employees

At Vonovia, we recognize that our success is built on the strength and dedication of our employees. We cultivate a corporate culture that promotes continuous development of each individual and the fulfillment of their potential. This approach helps us retain exceptionally talented personnel, adequately reward excellent work and support an ideal work-life balance. Our culture is grounded in fundamental principles, such as respect and a positive outlook on diversity. We are committed to creating a future-oriented, attractive and safe working environment that provides the foundation for our joint success.

Highlights and Achievements

Employee Satisfaction

SPI target surpassed: Employee satisfaction increased by +9 percentage points since the last survey in 2022

 

Training and Education Opportunities

Introduction and further development of training and education opportunities at employee and management level (e.g., leadership coaching)

Training Rate

Training rate increased to 5.3% in Germany – performance from previous year surpassed

Discrimination

No cases of discrimination reported again in 2023

Skilled Workers from Abroad

Successful recruitment of skilled workers from abroad continued – integration of 17 new colleagues from Colombia into the electrical installation and landscaping departments

Training and Education

Vonovia Academy expanded and plans drawn up for a new training and education center in Berlin for the end of 2024 featuring an innovative learning environment for trainees

Improvement of Social and Additional Benefits

Social and additional benefits for employees improved, including inflation adjustment measures, income-based pay raises, options for employee shares as well as sports and psychological counseling opportunities

Proportion of women in management positions

Despite a slight drop in the percentage of women in management positions to 24.2%, we are continuing to aim for 30% in 2026

Employee Satisfaction

SPI target surpassed: Employee satisfaction increased by +9 percentage points since the last survey in 2022

 

Skilled Workers from Abroad

Successful recruitment of skilled workers from abroad continued – integration of 17 new colleagues from Colombia into the electrical installation and landscaping departments

Training and Education Opportunities

Introduction and further development of training and education opportunities at employee and management level (e.g., leadership coaching)

Training and Education

Vonovia Academy expanded and plans drawn up for a new training and education center in Berlin for the end of 2024 featuring an innovative learning environment for trainees

Training Rate

Training rate increased to 5.3% in Germany – performance from previous year surpassed

Improvement of Social and Additional Benefits

Social and additional benefits for employees improved, including inflation adjustment measures, income-based pay raises, options for employee shares as well as sports and psychological counseling opportunities

Discrimination

No cases of discrimination reported again in 2023

Proportion of women in management positions

Despite a slight drop in the percentage of women in management positions to 24.2%, we are continuing to aim for 30% in 2026

Auszubildende jubeln in die Kamera.
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Response to Megatrends

As major megatrends, we take the challenges presented by the shortage of skilled workers and demographic change seriously and take them into account in our employee management strategy. We are aware that an aging population and the competition for qualified skilled workers – particularly in our industry, where there is a focus on technical skills – present new challenges.   
To address these, we are focusing on creating a working environment that attracts new skilled workers and retains existing talent in the long term. In addition to a robust human resources strategy, a key lever used to achieve this is employee satisfaction, which we assess once a year through surveys. This is a key indicator for our Sustainability Performance Index (SPI), which shows how sustainable and responsible we are as a company in our operations. Another important indicator (SPI) in this area of action is the percentage of women in management positions. By promoting women to the top two management levels below the Management Board, we are demonstrating our commitment to diversity within the company and thus also developing our innovative power and facilitating better decision-making from within. 

These two performance indicators are therefore a key benchmark of our success and also link our performance as an employer to the remuneration received by our Management Board. By focusing on the satisfaction and involvement of our employees and diversity at our uppermost levels of management, we are positioning ourselves as an attractive employer and thus ensuring our company’s future viability.   

The Topics at a Glance

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Appeal as an Employer

We are shaping our future as an attractive employer by creating innovative working environments and fostering a corporate culture that attracts, values and promotes talent in the long term. Discover how we do this.
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Group of diverse business people talking in a meeting. Business team smiling during a meeting.
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Diversity and Equal Opportunities

Diversity and equal opportunities are at the heart of our corporate philosophy. We are proud of a workforce that is as diverse as our society. Find out more about our initiatives.
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Auszubildende lachen jubelnd in die Kamera.
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Training and Personal Development

Our investments in training and personal development open doors for our employees' careers. Read how we promote professional expertise at Vonovia.
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Verschwommenede Person im Anzug mit Aktentasche geht durch die Vonovia Zentrale. Vordergrund zwei bequeme Stühle, in Orange und Blau.
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Remuneration and Flexible Working Models

For us, fair remuneration and flexibility in working life are the basis for good cooperation within the company. We offer our employees the opportunity to achieve a harmonious work-life balance. Find out more about what we offer.
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Promoting Health and Safety

The health and safety of our employees is our top priority. We are committed to creating a working environment that guarantees well-being and safety. Read about the measures we use to achieve our goals in this area.
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Links

  • We have set out our ESG performance along with the most important key figures in our ESG Factbook 2023
  • You can see how we have performed in various ratings and benchmarks here
  • You can find further information on this area of action in the Employee Issues section of the Annual Report 2023