Finding and keeping good people is a constant challenge for businesses today. German companies, in particular, face a tough reality through demographic changes and continuing skilled labor shortage („Fachkräftemangel“) in the market. Recent studies from the German Economic Institute (IW) show hundreds of thousands of jobs open, hard to fill, even during slower economic times. Hence, strategically prioritizing employees and talent as key stakeholders is not a risk, but a fundamental driver for a business’s long-term success and growth.
What’s more, to offer a compelling answer to how companies can meet these evolving expectations.
At B Lab, we believe businesses can be a force for good, benefiting all stakeholders involved, especially focussing on workers. To truly understand this impact, students from Campus Fryslân at the University of Groningen embarked on an over half a year-long research study project, working closely with B Lab Germany, to investigate:
Are German B Corps better employers than traditional businesses, and if so, what makes them so?
The findings are powerful. They offer compelling evidence for the B Corp movement, showing that by putting purpose and people alongside profit, we create workplaces where employees thrive.
For existing B Corps, this study proudly affirms their commitment. For businesses considering B Corp status, it reveals a clear strategic edge in attracting and retaining top talent.