Is it real? 3000 Euro bonus each professional in Germany!

BNP Paribas complains of staff shortage in Germany and pays for each expert 3000 Euro and talk about a “War of hands” in Germany

The labour shortage in Germany is a deeply concerning issue that affects not only the economic and social fabric of the country, but also the lives of millions of people. It is a problem that has far-reaching implications for industries across the board, but is particularly acute in the fields of IT, personal management, risk and compliance.

The IT sector, which has been one of the driving forces behind Germany’s economic growth, is facing an acute shortage of skilled workers.

Companies are struggling to find qualified professionals to fill critical roles in areas like software development, cybersecurity and data analysis.

The consequences of this shortage are severe, with many businesses unable to keep pace with the demands of the market and falling behind their competitors.

The personal management sector is also feeling the effects of the labour shortage. Companies are struggling to find qualified professionals to fill roles in areas like recruitment, employee training, and performance management.

This shortage is having a direct impact on the quality of life of workers, who are often overworked and underpaid due to the lack of qualified staff.

The risk and compliance sector is another area that is suffering from a shortage of skilled workers. This sector is critical to ensuring the safety and security of businesses and consumers alike.

The shortage of qualified professionals in this field is making it increasingly difficult for companies to comply with regulations and manage risk effectively.

The labour shortage in Germany is not just an economic problem, it is also a deeply personal one.

It affects the lives of millions of people who are struggling to find work or are forced to work under difficult conditions due to the shortage of qualified staff.

It is a problem that requires urgent action from both the government and the private sector to address the root causes of the shortage and to find sustainable solutions that benefit everyone.

Read the complete original german article in F.A.Z. which you can find here:

https://www.faz.net/aktuell/finanzen/bnp-paribas-beklagt-personalmangel-in-deutschland-18877145.html

 

Most important Higlights translated read below

According to the article, BNP Paribas is reportedly facing difficulties in finding qualified staff in Germany, particularly in areas such as IT, compliance, and risk management. The article cites a survey conducted by the bank, which found that nearly 80% of respondents believed that the current labour market in Germany was characterized by a shortage of skilled workers.

The article goes on to discuss how the labour shortage is affecting the banking sector more broadly, with many financial institutions struggling to find qualified staff for key positions. This shortage is particularly acute in areas such as areas of Audit, Risk & Compliance, Finance, Client Relationship Management and IT, among others, where the demand for skilled workers is high, and the competition for talent is fierce.

The article also highlights the impact of the COVID-19 pandemic on the labour market, with many workers leaving their jobs or opting for more flexible working arrangements. This has made it even more challenging for companies like BNP Paribas to find qualified staff, particularly in areas where the skills gap is already significant.

Overall, the article paints a picture of a labour market in Germany that is struggling to keep pace with the demands of the economy, particularly in areas where skills are in high demand. While this may be challenging for companies like BNP Paribas, it also presents an opportunity for workers with in-demand skills to find meaningful and rewarding employment.

3,000 euros bonus for: Audit, Risk & Compliance, Finance, Client Relationship Management and IT workers, among others.

The major French bank is also no longer able to find suitable employees in accounting or for the HR department. The “war for talent” has turned into a “war for hands.

When filling vacancies, Benker-Schwuchow relies not only on job boards, but also on headhunters and recruiting events. And if employees successfully place a new colleague, the bank pays a bonus of 3,000 euros for permanent positions. At the same time, BNP Paribas tries to create attractive working conditions.

For example, employees in Germany are allowed to work from home up to 60 percent of the time. “Home office is here to stay. This is not a short-term trend,” assured Sofia Merlo, Head of Group Human Resources at BNP Paribas, in the joint Bloomberg interview with Benker-Schwuchow.

Positions in Audit, Risk & Compliance, Finance, Client Relationship Management and IT, among others are highly wanted!

Unlike its competitors, BNP does not currently allow workation, i.e. temporary work from abroad. This is precisely what institutions such as LBBW, DZ Bank and BayernLB now offer, partly to make themselves more attractive as employers. “Unfortunately, there are still too many hurdles and risks, for example with regard to taxes, data protection and health insurance,” said Merlo, explaining her company’s reticence.

According to its own figures, BNP Paribas fills around 25,000 permanent positions worldwide each year. According to Benker-Schwuchow, the 500 current vacancies in Germany relate to the areas of Audit, Risk & Compliance, Finance, Client Relationship Management and IT, among others.