Deutsche Post DHL wins German Industry Innovation Award
Deutsche Post DHL has just been awarded the German Industry Innovation Award (“Innovationspreis der Deutschen Wirtschaft”) in the category of “innovative HR concepts” for its Generations Pact, a trend-setting model for designing and facilitating age-based working solutions.
The award pays tribute to the most significant scientific, technical, business and intellectual innovations and was presented for the 32nd time during a festive event. This year, nearly 300 companies competed in four categories for the coveted prize, which is sponsored by the German Federal Ministry of Education and Research and the Federal Ministry of Economics and Technology.
In October of 2011, Deutsche Post AG and the German trade union ver.di agreed upon a trend-setting model which makes it possible for older employees to actively participate in professional life until they reach the age of legal retirement.
Specifically, through the Generations Pact, the “working-time accounts” and a demography fund serve as a supplement to the partial retirement program. Working-time accounts give employees the opportunity to save up a credit balance during the active working phase and redeem it before they enter retirement. The Bonn-based company Deutsche Post DHL offers attractive models – including financial ones – for older employees that allow them to continue working at reduced hours until the age of retirement.
At the same time, the Generations Pact improves employment opportunities for young people: Last year, some 1,300 trainees received job offers at the company, approximately 25 percent more than the prior year. In the summer of 2013, all suitable trainees will once again be offered permanent employment status at the company.
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