Management approach

GRI 102-7, GRI 102-8, GRI 102-26

50Hertz owes its success entirely to the success of its employees. It is the responsibility of the Company to help them develop their skills, foster their health and commitment, involve them indecisions and guarantee equal opportunities for all. The maintenanceand development of the value-based corporate culture is one of the Company’s main goals and the strategic foundation for all personnel decisions. As part of the extended management team, the Chief Human Resources Officer is responsible for all personnel strategy issues.

An annually updated five-year business plan serves as a framework for qualitative and quantitative personnel planning. 50Hertz complies with international guidelines beyond the reach of its collective agreements and company agreements, such as the core labour standards of the International Labour Organisation (ILO: C87, C98 and C135) and workers’ rights in the UN Global Compact. At 43.6, the average age of employees at 50Hertz is more or less unchanged when compared to the previous year.

Total Headcount*

_{* Dr. Katherina Herrmann (CHRO) was part of the extended Executive Committee until October 2018}