It’s no secret that Europe’s post-pandemic economy is facing a worker shortage.
It’s becoming increasingly hard to find certain skilled workers, especially IT workers and healthcare workers. That’s why some employers are turning to unconventional methods to attract workers. But will big cash bonuses really work?
What else matters this week?
How leaders can move beyond greenwashing towards real change.
U.S.’ Biden administration takes new steps to address job quality amid the Great Resignation.
People don’t believe that working hard will lead to a better life, survey finds.
What workers in 10 countries really want.
We’ve got a full breakdown of all the top headlines you can’t miss this week.
#1. Cash bonuses for interviews? A sign of the times as Eurozone jobs boom.
Europe’s post-pandemic economy is facing a worker shortage.
It’s becoming increasingly hard to find certain skilled workers, especially IT workers and healthcare workers. That’s why the founder of Deutsche Familienversicherung, a fast-growing insurer based in Frankfurt, is turning towards unorthodox methods. Stefan Knoll is offering cash bonuses for interviews: 500 Euros for the first interview, 1,000 Euros for the second, and 5,000 Euros for those who complete a six-month probation.
“It is particularly difficult to find anyone with IT skills,” he told Financial Times. “We compete with giants like Allianz who can easily hire hundreds of people around the world — but we are not interested in hiring people in India, we want people here in Frankfurt.”
The speed of the rebound has been remarkable since the 2008 financial crisis. EU unemployment has been at an all-time low, reaching 7.2 percent in November. Read more at the Financial Times.