In today's competitive business world, companies are constantly looking for ways to attract talented employees and retain them in the long term. An innovative and often overlooked solution is employee housing. Not only does it offer an attractive living option, but it also serves as an effective tool for increasing employee satisfaction and retention.
Companies in the Olpe district are also facing an acute shortage of skilled workers. The search for qualified employees is becoming increasingly difficult, while at the same time the demands on employees' work-life balance are rising.
What advantages do employee apartments offer companies?
- Increased attractiveness as an employer: Providing employee housing can make a company significantly more attractive to potential applicants. This is particularly true for skilled workers who come from other regions or for whom it would be too expensive to find their own apartment near the company.
- Improved employee retention: Employees who are provided with accommodation by their company are generally happier and more loyal. They feel valued by the company and are therefore more likely to remain loyal to the company in the long term.
- Increased productivity: Employees who live in company housing have a short commute to work and can therefore concentrate better on their work. This can lead to an increase in productivity.
- Lower turnover rate: Companies that offer employee housing generally have a lower turnover rate. This saves time and money associated with finding and training new employees.
Employee apartments can be an important factor for companies in recruiting and retaining employees and will continue to gain importance in the war for talent. Smart entrepreneurs have recognized this trend and are responding to it, including some examples in the Olpe district, where companies are already actively investing in the provision of employee apartments.
With our →Garcia Gewerbe division, we are the specialist in the commercial real estate market in the Olpe district. We would be happy to meet with you in person to discuss whether providing employee housing is also a suitable strategy for your company to retain employees.
Frequently asked questions
Is it really necessary for my company to provide employee housing?
Of course, it is not necessary, but in the long term, companies, employees, and the region will benefit—it is a win-win-win situation.
The reasons for this are as follows:
- The shortage of skilled workers: The shortage of skilled workers is particularly pronounced in the Olpe district. Companies therefore have difficulty finding and retaining qualified employees.
- The cost of living: The cost of living in the Olpe district has risen significantly in recent years. This makes it difficult for many skilled workers, especially young families, to find affordable housing.
- Competition: Companies in other regions often offer their employees company housing. In order to remain competitive in the battle for skilled workers, companies in the Olpe district must therefore also create attractive housing options.
What kind of companies benefit most from employee housing?
- Companies in industries with a high demand for skilled workers: These include, for example, companies in the metal industry, the automotive industry, and the IT sector.
- Companies in rural areas: It is often even more difficult to find affordable housing in rural areas than in urban areas. Employee housing can therefore be particularly attractive for companies in these regions.
- Companies looking to attract young skilled workers: Young skilled workers value a good work-life balance. Employee housing can therefore be an important factor in attracting young skilled workers to a company.
How do I choose the right location for employee housing?
- Proximity to the company: The apartments should be as close to the company as possible to ensure short commutes to work.
- Public transportation connections: The apartments should be well connected to public transportation so that employees can get to work without a car.
- Infrastructure: All important facilities for daily needs should be available near the apartments, e.g., supermarkets, schools, and kindergartens.
- Safety: The area surrounding the apartments should be safe and offer a pleasant living environment.
- Acceptance by the local community: The local community should accept and support the provision of employee apartments.
How do I finance the provision of employee housing?
There are various options for financing the provision of employee housing in the Olpe district:
- Equity capital: You can finance employee housing from your own equity capital. This is the simplest but also the most cost-intensive option.
- Loan: You can take out a loan from a bank to finance the employee housing.
- Subsidies: Some federal states offer subsidy programs for the provision of employee housing. There are also various subsidy options in the state of North Rhine-Westphalia. Information on the subsidy programs can be found on the website of the Ministry for Home Affairs, Local Government, Building, and Housing of the State of North Rhine-Westphalia: https://www.mhkbd.nrw/foerderprogramme?topic%5B787%5D=787&audience_mapping%5B779%5D=779.
- Public-private partnership (PPP): You can team up with a private investor to finance employee housing.
- Establish your own housing association: You can establish your own housing association to build and manage employee housing.
The best financing option for your company depends on your individual situation and needs. Our specialists will be happy to advise you on finding the optimal solution for your company.
We are the point of contact for companies in the Olpe district
By investing in the quality of life of your employees, you are also investing in the long-term success of your company. Take advantage of this opportunity to position yourself as an attractive employer. If you would like further information, please do not hesitate to contact us. Contact us today to discuss your options.