Attractive employer In order to draw new talent to Festo and offer our existing employees an attractive working environment, Festo is constantly developing its policies and programs as an employer. Our culture is an essential part of what we do and makes us unique. This includes respectful interaction and the opportunity for lifelong learning. With solutions such as mobile working and new collaborative room concepts for the “new normal,” we offer our employees many attractive options for organizing their work individually. Here, we focus on the respective phase of life of our employees. When it comes to the individual organization of working hours, our offer goes beyond the models regulated by law in some countries (part-time, parental leave, or care leave). In this age of digitization, self-determined and flexible working makes it easier to reconcile work and private life. GRI 401-1 Remuneration and benefits In addition to fair overall remuneration, Festo offers all employees in Germany – regardless of whether they work part-time or full-time – attractive benefits, such as – A generous company pension scheme – Training (in-person and online) and innovative learning opportunities – Creative spaces – Family services and social counseling from external consulting partners – Programs for permanent or temporary job changes within Festo global – Workplace health promotion with a wide range of preventive services – Opportunities for bicycle leasing with an employer subsidy – Opportunities to lease an (electric) company car for employees not covered by collective wage agreements – Modern management development programs – Holiday childcare for employees’ children – Social benefit fund for special financial burdens (rainy day fund) – Subsidized canteens or meal allowance at our branch offices – Price reductions for various discount portals and from regional partners – Discount on public transport in Esslingen – Special leave (e.g. wedding, moving, or birth of child) – Various scholarship programs for students (IT scholarship, women pursuing technical master’s degree) – Student loyalty scheme for former interns – Comprehensive onboarding program – Events for employees (e.g. after-work events) – Limited places in nurseries for children of employees GRI 401-2 For our employees covered by collective agreements, the total remuneration package consists of a monthly basic salary, a performance-based remuneration component and a variety of special payments, such as holiday pay. Remuneration is based on the demands of the work assignment and is subject to a globally applicable level system. GRI 405-2 In Germany, the companies Festo SE & Co. KG, Festo Didactic SE, Festo Polymer GmbH and Festo Vertrieb GmbH & Co. KG are subject to the collective agreement of IG Metall. GRI 2-30 Our New Work AirEa in Esslingen: a special atmosphere for creative work and design. 84 85 1. Blue World 2. Strategy and Management 3. Climate Protection and Resource Efficiency 4. Technical Education 5. People at Festo 6. Ethics and Governance 7. GRI Index 8. Report Profile Festo SE & Co. KG Sustainability Report 2023 Festo SE & Co. KG Sustainability Report 2023
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