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What was previously very good for SMEs, but not mandatory, is becoming a “must have”: CSR reporting is moving into the SME sector and will be given a permanent place in the management report as of 1 January 2024. This puts non-financial, i.e. sustainable reporting, on the same pedestal as financial reporting.

The EU Commission’s planned changes to the extended reporting obligation are not surprising; after all, the sustainable contribution of all companies plays an important role in Europe’s sustainability transformation. Here, reporting is the toolbox to ensure the implementation of these sustainable economic measures.

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The implementation of the EU Whistleblower Directive is on the agenda of many small and medium-sized companies. Managing directors and compliance officers immediately think of lawyers and software, but it takes a lot more to implement the guideline not only in a legally secure way, but also in a motivating and profitable way.

Our expert Karin Scherer puts it in a nutshell: “Many managing directors would like to receive information from the staff when the company is damaged, whether negligently or intentionally, internally by employees or by external persons. Our experiences range from reaching into the till, theft of goods to sexual harassment at the workplace. All incidents in which those in the know or affected did not know how to act, looked a way as a precaution – and in which the management would have liked to have been informed at an early stage, to protect the employees affected and the company.”

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Most small and medium-sized companies feel it clearly: the necessary employees are harder to find than ever before! In certain sectors or regions, the shortage of skilled workers has been painfully noticeable for some time, but finding and retaining well-qualified candidates is now a real art. It is not the employer, but the potential employee who holds the scepter. This paradigm shift in the labor market is one of the great changes of our time. Consequently, so-called employer branding, i.e. the development of an attractive employer brand and its marketing to the outside world, is increasingly coming into focus. No matter what size company and what budget it has available: If it wants to secure its own future, it must adapt to the requirements of potential employees with suitable marketing and recruiting strategies.

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Personnel development – some entrepreneurs don’t like to hear this word. In most cases, it is closely linked to expensive seminars, training courses and further education. And these expensive measures haven’t brought the success that the company expected, often. “No wonder”, the expert thinks, and we show what personnel development means and why personnel development is more important than ever for the success and growth of companies.

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