Remuneration and Flexible Working Models

Management Approach

We believe that offering transparent, performance-based remuneration is one way that we can show our appreciation for our employees. We consistently uphold the applicable statutory minimum wage standards in Germany. More than 95% of our workforce across the Group is covered by collective agreements. We understand that our employees’ satisfaction – and therefore also their loyalty to Vonovia – is directly dependent on fair remuneration and their day-to-day working conditions. As such, we also give the majority of our employees special benefits on specific occasions or based on performance (e.g., employee profit-sharing & MaxBonus) as well as optional discounted and additional offers that are not dependent on these factors, such as our employee share program, which we update regularly. These benefits may be tailored to specific employee groups, for instance. 

In addition to this, we aim to create optimal working conditions for everyone and are continuously developing our concepts for mobile and flexible workplace design based on examples of best practices. Working hours and locations are to be made dynamic and capable of being adapted to the daily work routine of each individual employee through the use of digital tools and modern, appealing workplace facilities. This allows us to build an environment that appeals to both existing and potential new employees and promotes productive collaboration. These approaches are key to attracting and retaining talented skilled workers and help to position Vonovia as a forward-looking and employee-friendly employer.