The children of KfW’s employees are being well looked after in KfW’s day care facility.
KfW helps its employess to reconcile work and family life
The concept of work-life balance is translated into practice at the KfW Group. All employees are able to make use of a wide variety of part-time working options, including managers. For example, job shares can be set up to divide a managerial role between two people. In 2011, 20% of all KfW employees were employed on a part-time basis (see table on page 27), 84% of them women and 16% men.
Back in 2001, KfW became one of the first German companies to be certified by the Hertie Foundation, a charitable organisation that conducts work-life balance audits. In 2010, the bank successfully passed its third audit, which included an employee questionnaire that was completed by just under half of KfW and KfW IPEX-Bank staff. The results showed that the bank offers an exceptionally family-friendly working environment. The flexible working hours were rated particularly highly, although employees were critical of high levels of pressure. DEG obtained its first work-life balance certificate (“berufundfamilie”) in 2012.
Flexible working schemes
Under the relevant works and company agreements, KfW and KfW IPEX-Bank employees are entitled to apply for a period of leave for the purpose of childcare, family care or further studies. A separate agreement, which was renewed for a further three years in 2010, sets out the rules for flexitime and home working. The Frankfurt office has had its own kindergarten facility since 1973. Financial support has been given to a crèche provider since 2004, which opened another crèche in autumn 2011. In 2012, the bank conducted an employee survey on childcare needs in other KfW locations, the results of which are currently being evaluated.