Way forward | Personnel expenses vs . investments in the future
The willingness to invest in automation projects is low over the next 24 months – the question of how to close the performance gap resulting from reduced personnel expenses remains unanswered
GERMAN COMPANIES ' WILLINGNESS TO INVEST
PERSONNEL COSTS
?
REACTION OF A PERFORMANT ORGANIZATION
Lack of willingness to invest in necessary measures to increase efficiency
AUTOMATION
COMMENT
• Despite the pressing shortage of skilled workers , study participants are planning to reduce personnel costs in response to the anticipated cost increase
• To ensure sustainable competitiveness , efficiency measures must be taken in response , e . g . process automation
• However , 73 % of respondents state that the budget for such automation projects will be < 3 % of expected sales
• When it comes to optimization measures , it appears that companies tend to act reactively and rather short-sighted instead of focusing on a future-orientated approach
Investment budget < 3 % 1 ) 73 %
1 ) Budget as a percentage of expected sales Source : goetzpartners Cost Management Pulse Check 2023
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