Time Bank: Volkswagen AG's Lifelong Employment Mechanism for Employees

Author: Peter
Publisher:
Publish Date: 2001-09-01
Features: This book elaborates on the practical implementation of a labor and personnel system with innovative characteristics that Volkswagen AG has independently implemented, as well as its further extension and developmental value. The company has exploratively introduced the "4M employee concept of multiple skills, joint participation, flexibility, and humanization," a four-day workweek, and a lifelong pension security strategy for employees, and provides a detailed interpretation of the advantages it brings to the company at various levels. It comprehensively showcases and introduces the management mechanisms of personnel, labor wages, and lifelong employment that have transformed Volkswagen AG into a with strong international competitiveness. The innovative management concept and mechanism of the "Time Bank" have sparked international discussions and significant reforms in global personnel and employment policies.