To be able to hold our own against the competition, our personnel cost structure also plays an important role. Our target is always to conclude competitive collective bargaining agreements in terms of the labor market and the transport market.
Due to demographic changes and the associated lack of skilled employees, it is becoming increasingly difficult to fill vacancies with qualified personnel. This in turn leads to risks such as lack of know-how transfer. At the same time, DB Group has a relatively high annual need for new employees. This is reinforced by the selection model agreed as part of the collective bargaining agreement. We counteract the resulting risks in particular through the improvement of our employer attractiveness, extensive recruiting measures, the expansion of the qualification capacities and measures for effective knowledge management.
New technical possibilities, in particular from the area of digitalization, are leading to changing job content and new working methods. In order to strengthen our ability to innovate and to set ourselves up for the future, we are searching for targeted solutions and responses and thereby continuing to develop as an employer in line within the meaning of the Strong Rail strategy.
Our life-cycle-oriented HR policy gives us the opportunity to promote loyalty among employees in the long term. This includes flexible working time models and jobs designed specifically for the age of the employee, our employment security, new opportunities for participation and intensive work on the corporate culture.
Extensive new hires create diversity in the workforce, which can lead to more creativity and productivity if there is an intensive transfer of knowledge and good diversity management. Young employees bring new ideas and concepts into the working routine. Older employees have varied and extensive experience and pass on their knowledge to new groups of employees. In addition, new perspectives and viewpoints are contributed to the solution-finding process in mixed teams. In the long term, and in an appropriate corporate culture, this can have a positive impact on the innovation capacity and performance of DB Group.