Annual Report 2023

Annual Report 2023


Employment (GRI 401)

Management approach employment

For Geberit, it is imperative to acquire and retain the right employees for the company. Geberit sees itself as an attractive employer with an open corporate culture that offers international development opportunities at the interface between the craft, engineering and marketing and sales sectors, see > Career > What we offer.

The working conditions at Geberit considerably influence employee motivation and performance. Poor working conditions result in risks such as lower productivity and low levels of employee satisfaction and loyalty, additional costs due to high fluctuation rates and difficulties in recruiting qualified personnel. This is why Geberit focuses on offering good working conditions to achieve benefits such as high employee satisfaction and productivity, low absence rates, considerable innovation capability and a high level of employee loyalty.

Working conditions, such as the maximum number of working hours, are governed in accordance with legal requirements on a country-specific basis. Employees enjoy attractive employment conditions, which was confirmed by the employee survey conducted in 2021. The results show that the employees demonstrate an above-average level of both motivation and loyalty. The next Group-wide survey is planned for 2025. Furthermore, short surveys on specific topics in individual areas and companies are due to take place in the meantime. For further information, see Business Report > Business and financial review > Financial Year 2023 > Employees.

In 2023, salaries and social benefits amounted to CHF 750 million (previous year CHF 776 million). The employees can also take part in share participation plans at attractive conditions, see Financials > Consolidated financial statements Geberit Group > Notes > Note 17 and the Remuneration Report.

Employee fluctuation (GRI 401-1)

The average fluctuation rate (in terms of employees with permanent contracts, without natural departures and long-term leaves of absence) was 7.2% (previous year 7.9%). Including natural departures, it was 9.4% (previous year 9.6%). For key figures on fluctuation by age group, gender and region, see Key figures sustainability > Employees and society.

Benefits provided to full-time employees (GRI 401-2)

Geberit essentially grants the same benefits to full-time and part-time employees. However, employees with temporary contracts are not always entitled to the same benefits as permanent employees. For example, employees in Switzerland with temporary employment contracts of less than three months are not insured in the pension fund. Geberit bases its employee benefits on country-specific standards.

Parental leave (GRI 401-3)

Geberit implements the currently applicable legal framework conditions. It also attempts in individual cases to find solutions that are as suitable as possible for the affected person and their team.

100% of all permanently employed women are entitled to paid maternity leave, and 136 or 5.8% permanently employed women made use of paid maternity leave in 2023. Of these, around 58% or 79 women returned to Geberit following their parental leave.

98% of all permanently employed men are entitled to paid paternity leave. In India, employment law does not provide for paternity leave. 264 or 3.7% permanently employed men made use of paid paternity leave in 2023. Of these, around 96% or 252 men returned to Geberit following their parental leave.