Employees – satisfied employees contribute to the employer’s success
We owe our successful business development and our strong growth primarily to our committed and reliable staff. Next to our significant portfolio expansions, we have also grown in terms of number of people employed. As of the end of 2022, Peach Property Group employs 233 staff compared to 194 at of the end of 2021.
We consciously strive to create a pleasant working environment. Flat hierarchies and clear communication make it easy for everyone in the organization to contribute new ideas and have a creative impact on our growing Group. We ensure a secure environment where staff feels comfortable. We furthermore offer our employees a modern, digital, and mobile infrastructure that allows them to work flexibly, and from any location.
We fully support a flexible working time model that is adapted to the unique circumstances of our employees. Happy employees are often the most persuasive ambassadors in recruiting new employees. To leverage this, we have an employee referral program under the banner “Give friends the chance to become a Peachie” in place. Staff who successfully place an applicant are rewarded with a cash bonus when the applicant starts work, and after the successful completion of the probation period.
Key to us in retaining talent over the long term is respectful interaction, with flat hierarchies and a secure working environment where optimal technical infrastructure is readily available. We offer fair and market-oriented remuneration, which usually consists of a base salary and a bonus component.
Peach Property Group values an open feedback culture. We believe that treating each other with respect is crucial to motivating employees and creating a pleasant working environment. Performance reviews were again carried out with all employees during the reporting year. These discussions provide an opportunity for employees and managers to exchange views on the achievement of personal and company-specific goals and to set mutual expectations and objectives for the next financial year.
Peach Property Group encourages its employees in deepening their knowledge and continuously developing their skills without age limits – either internally or through external training. We support our employees in their vocational and further training by taking on part of the training costs. Furthermore, we grant five days of educational leave per year in accordance with the Employee Further Education Act (AWbG) for employees working in Germany. In 2022, 17 employees were undergoing further training. These range, among others, from real estate management or business administration to a Bachelor of Real Estate and an MBA in Management and Real Estate.
In 2022 Peach Property Group employed 4 working students and 3 trainees. The trainees are working in our Peach Points and are trained as real estate agents (Immobilienkaufmann-/kauffrau).
All our employees receive training regularly on health and safety. During the COVID-19 pandemic, the Group provided strict guidelines for employees in this respect.
We have partnered with an external service provider for the appointment of a company doctor and an occupational health specialist. All our employees in Germany can make an appointment with our company doctor to have their health or psychological complaints treated. The company doctor gives detailed advice on the options available and supports employees in their situation. If necessary, additional specialists from our external service provider may be involved.
The appointed occupational health and safety specialist regularly checks working conditions ensuring that no illnesses or health problems are caused by the workplace or the working environment. On a quarterly basis, our Health and Safety Committee will meet with the external service provider to discuss current issues. Employees who are exposed to particular hazards during the performance of their duties, such as janitors, are provided with suitable work clothing (e.g., safety shoes). Regular instructions and information are provided on the necessary safety measures to be taken when performing their duties.
In the reporting year, four minor work-related accidents occurred, two of which caused short absences. The accident histories were investigated by the superiors, and appropriate remediating measures were developed.
We live diversity every day. Our employees come from 12 nations and are spread across all age groups and genders. A well-functioning cooperation in this heterogeneous workforce is essential for the well-being of all employees and the success of the Group. We do not tolerate any form of mobbing, harassment, coercion, violence, or discrimination based on ethnic origin, sexual orientation, gender, age, skin color, religion, political opinion, or national or social origin. Violations must be reported immediately to the superior and the HR department, or via the whistleblower system. No violations were reported in 2022.
As part of our sustainable human resources development, we aim to ensure equal remuneration opportunities for employees with the same qualifications and responsibilities. The wage ratio of female to male employees, calculated based on the average base remuneration (80 percent) and the average total compensation (67 percent) of all employees, including our Executive Management, was below the target range of 100 percent. As there are currently no female representatives in Executive Management, we consider the median to be more meaningful. The ratios of 94 percent (base salary) and 95 percent (total compensation) are also much more aligned with the target.
|Proportion of women in the Group||49 %|
|Proportion of female managers||32 %|
|Gender pay ratio||94 % base salary*|
95 % total compensation*
|Employee turnover rate||14 %|
|Ratio of performance appraisals carried out||100 %|
|Average training hours per employee||11.0|
|Rate of recordable work-related injuries||1.9|
The entire set of employee-related KPIs can be found in ourSustainability Report. (Download Sustainability Report)
UN SDGs relevant to us in the area of employees