16 Personnel Expenses
Personnel Expenses
in € million | 2021 | 2022 | |||
Wages and salaries | 558.3 | 714.9 | |||
Social security, pensions and other employee benefits | 124.0 | 148.9 | |||
682.3 | 863.8 | ||||
The personnel expenses include expenses for severance payments in the amount of € 11.5 million (2021: € 17.8 million), allocations to the provisions for pre-retirement part-time work arrangements in the amount of€ 3.3 million (2021: € 0.0 million) and expenses for the long-term incentive plan (LTIP) at € -1.1 million (2021: € 6.2 million) (see [E39] Provisions).
In the fiscal year under review, employers’ contributions to statutory pension insurance amounted to € 62.1 million (2021: € 49.2 million).
As of December 31, 2022, Vonovia had a workforce of 15,915 employees (December 31, 2021: 15,871). 6,154 employees were female as of December 31, 2022 (December 31, 2021: 6,349) and 9,761 were male (December 31, 2021: 9,522). The average figure for the year was 15,878 employees (2021: 13,351). Vonovia also employed 922 apprentices as of December 31, 2022 (December 31, 2021: 857).