Germany: Economy Will Be Short 4 Million Skilled Employees by 2030, PwC Survey Finds

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By Andrea Barbara Schuessler

Nov. 14—Germany will lack 4 million skilled employees by 2030 compared to today, Petra Raspels, partner and head of human capital with PricewaterhouseCoopers in Duesseldorf, said in an Oct. 24 webinar on demographic change and skills shortages in Germany.

According to a PwC survey, there will be a particular deficit in the so-called MINT fields (mathematics, information and computer science, natural science and technology) in 2030, Raspels said.

Countermeasures

Raspels identified four “adjusting screws” to take countermeasures to Germany's demographic change:

  •  preparing for the higher demand in jobs related to automation of processes,
  •  encouraging the immigration of skilled workers,
  •  raising the retirement age and adding flexibility to retirement options and
  •  integrating more women into the workforce.

Employers also need to enhance compensation and benefits packages to attract skilled labor, Sabine Ziesecke, partner in payroll tax in PwC's Berlin office, and Diana Dimitrova, manager of people and organization strategy in PwC's Munich office, said during the webinar.

To contact the reporter on this story: Andrea Barbara Schuessler in Berlin at correspondents@bna.com

To contact the editor responsible for this story: Rick Vollmar at rvollmar@bna.com

For More Information

The PwC survey is available in German here.

For more information on German HR law and regulation, see the Germany primer.

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