Employment Structure, Compensation and Social Benefits
The company pursues a flexible personnel-planning strategy in order to deal with production peaks and economic downturns, while at the same time protecting its permanent staff. If measures to reduce personnel costs become necessary, these are decided in close consultation with employee representatives. WACKER regularly informs its employees of current trends within and outside of the Group that could affect business development. Employees receive timely, comprehensive information on material changes in operations, with the company observing its respective national and international duties of disclosure.
Of all employees, 65 percent work in Germany, and 35 percent in other locations worldwide. Information on the number of employees, personnel costs and retirement benefits is included in the combined management report.
“Further Information on R&D, Employees, Procurement and Logistics”
Personnel costs included outlays for social benefits and the company pension plan totaling €282.8 million (2022: €312.6 million). Aside from a base salary, employees usually receive variable compensation. This voluntary payment to both payscale and non-payscale employees is tied to the attainment of corporate goals.
In order to ensure that compensation is non-discriminatory, it is based on gender-neutral criteria related to the duties required by the position in question. WACKER is determined to pay all of its employees throughout the world appropriately. For this purpose, a global survey and review were carried out for the first time in 2024.
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2023 |
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2022 |
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2021 |
|---|---|---|---|---|---|---|
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Number, groupwide |
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16,378 |
|
15,725 |
|
14,406 |
Germany |
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10,621 |
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10,424 |
|
10,006 |
International |
|
5,757 |
|
5,301 |
|
4,400 |
International (%) |
|
35.2 |
|
33.7 |
|
30.5 |
New recruits groupwide |
|
1,930 |
|
2,541 |
|
1,340 |
New recruits groupwide (%) |
|
11.8 |
|
16.2 |
|
9.3 |
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2023 |
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2022 |
|
2021 |
|---|---|---|---|---|---|---|
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|
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Employment contracts, groupwide |
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16,378 |
|
15,725 |
|
14,406 |
Permanent employment contracts |
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15,211 |
|
14,504 |
|
13,873 |
Temporary employment contracts |
|
1,167 |
|
1,221 |
|
533 |
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2023 |
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2022 |
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2021 |
|||
|---|---|---|---|---|---|---|---|---|---|
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Temporary workers, groupwide |
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186 |
|
188 |
|
150 |
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Of which Germany |
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142 |
|
122 |
|
114 |
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Of which international |
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44 |
|
66 |
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36 |
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Ratio1 of temporary workers, groupwide (%) |
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1.1 |
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1.2 |
|
1.0 |
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Ratio of temporary workers, Germany (%) |
|
1.3 |
|
1.2 |
|
1.1 |
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Ratio of temporary workers, international (%) |
|
0.8 |
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1.2 |
|
0.8 |
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Employee Turnover
Good social benefits, competitive compensation and motivating work make WACKER an attractive employer. That is evident in our employees’ many years of service with us. The average length of service in Germany (permanent staff) was 16.5 years (2022: 17.4 years). The average length of service of WACKER’s executive personnel was 21.2 years.
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% |
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2023 |
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2022 |
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2021 |
|---|---|---|---|---|---|---|
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Germany |
|
1.1 |
|
1.1 |
|
2.5 |
International |
|
7.4 |
|
9.5 |
|
11.0 |
Group |
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3.1 |
|
3.7 |
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5.0 |
In its annual satisfaction survey of chemical-industry executives, the VAA (German Chemical Industry Association of Academic and Management Employees) ranked WACKER 5th out of the 23 companies assessed. In the reporting year, VAA member executives gave WACKER an overall score of 2.7, with 1.0 being the highest (in the previous year, WACKER had taken 12th place with a score of 2.9). The average grade for all of the companies surveyed was 3.0 (previous year: 2.8).
