Randstad-ifo human resources manager survey Q4 2023: Insufficient evidence for the economic policy of the traffic light coalition

Randstad-ifo human resources manager survey Q4 2023: Insufficient evidence for the economic policy of the traffic light coalition

According to the Randstad-ifo HR Manager Survey Q4 2023, a majority of German HR managers give the current traffic light government a poor record when it comes to economic policy. Expressed in school grades, that would be a 4.5, i.e. just “sufficient”. Particular complaints are made about the shortage of skilled workers, bureaucratic and legal hurdles, rising energy and location costs and a weak economy. Those surveyed see a need for action primarily in simplifying and reducing bureaucracy in business processes and approval procedures. Surprisingly, the urgency of promoting and improving digital infrastructure is rated as less important.

The results of the Randstad-ifo HR manager survey show that economic policy is currently being met with great criticism. Skills shortages and bureaucratic hurdles represent the biggest challenges for the majority of companies. This is worrying as these factors can affect the competitiveness and growth of the economy. The results also indicate an underestimated need for action in digitalization, which could be crucial for the efficiency and flexibility of companies in times of skilled labor shortages.

According to a report by www.presseportal.de,

The financial industry and the market are likely to be affected by weak economic policies, as the negative impact on companies can also affect the financial condition of companies and their investments. In addition, the government's low valuation could also affect investor confidence in the economy and market developments.