5 ms·
The city succeeded to keep talent because they invested in them. Somewhat unrelated but this really reminds me of Germany's Kurzarbeitslosengeld - short workin
by pergadad 7y ago
The city succeeded to keep talent because they invested in them.
Somewhat unrelated but this really reminds me of Germany's Kurzarbeitslosengeld - short working hour unemployment benefits - which was introduced in the crisis years and is given credit why Germany has high employment and the economy quickly recovered after 2009. Companies were allowed to send employees on "part time unemployment" for a certain period of low work. So eg 300 staff get 60% hours and work 3/5 days per week and get 3/5 of their full time salary and in addition 2/5 of what they would get as unemployment benefits. This kept workers in employment, unemployment and benefit payouts low and helped make it easy for companies to keep skilled staff - and for staff to stay in employment and maybe upskill themselves in their spare time.
The scheme had some issues but overall a similarly positive impact.
I wish more countries & companies would recognise the benefits of investing in and catering for staff, rather than to see workers as replaceable widgets.