Short on workers, German companies offer more employee flexibility
Updated : June 27, 2018 09:14 PM IST
Germans work fewer hours than most, just 1,363 per worker in 2016, down from 1,452 in 2000, according to the Organisation for Economic Cooperation and Development (OECD).
An unusually strong, sustained economic upswing combined with a shortage of people of working age has made German firms more worried about attracting employees than in other leading economies, according to a survey by staffing firm ManpowerGroup.
During a recent visit to Berlin, billionaire German-American venture capitalist Peter Thiel said young people were more interested in going to nightclubs than making their fortunes, joking that the capital offers a "work-life-life-life balance".
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