Effective tools for motivating employees
Motivated staff perform particularly well. For this reason, HOCHTIEF does more than offer attractive career opportunities to keep its employees satisfied. Remuneration studies carried out in the year under review show that the compensation employees receive from the Group reflects performance and is fair and good. HOCHTIEF employees paid according to collectively agreed pay scales in Germany also receive performance-based compensation. Our subsidiaries Turner (USA) and Leighton (Australia) similarly apply bonus and incentive systems based on the company's performance.For us, a positive corporate culture includes a healthy work-life balance. The "Work and Family" certificate demonstrates HOCHTIEF's intensified commitment to promoting a balance between work and family. This commitment applies throughout the Group and we have implemented a wide range of initiatives. In 2008, for instance, HOCHTIEF once again invited some 200 of our employees' children to the "HOCHTIEF Easter holiday action days" at the company"s headquarters in Essen, where the children learned about HOCHTIEF.
HOCHTIEF is proud of its high level of employee satisfaction, which is also reflected in how long employees remain with the company. In Germany, for example, average length of service is 12.2 years, at Turner it is 7.6 years and at HOCHTIEF in the Czech Republic it is 10.8 years. We aim to improve on these good figures even further, for example, by acting on the findings of internal surveys which show us where action needs to be taken – like the specially designed employee survey carried out in 2008 at HOCHTIEF Property Management to review the success of the integration of the acquired companies.
New employees integrated successfully
We have good expertise in integrating new employees into the HOCHTIEF Group. Due to the acquisition of Flatiron, some 2,500 employees were integrated into the Group duringIntensive internal communications
A key component of HOCHTIEF's corporate culture is timely, open communications with employees in all areas of the Group. This is why we report those issues that are important to our employees in numerous employee publications and newsletters, on the HOCHTIEF intranet, at meetings as well as in many other ways. Moreover, every employee receives a comprehensive information pack about their new employer when they join the company.Thanks to employees and employee representatives
HOCHTIEF's sustained growth and excellent reputation around the globe are down to our employees. We have them to thank for our outstanding results in fiscal year 2008. The above-average commitment, high level of qualification and loyalty of each and every employee make us strong.Our solution-driven discussions in a spirit of partnership and close cooperation with employee representatives are also major factors contributing to the success of HOCHTIEF. We would like to thank them, too, for working so well with us.
