Employees in Germany spend more than a fifth of their working time on bureaucracy. This is evident from a survey among managers of the ifo Institute. Respondents criticize this as a “significant staff effort required to meet ever-new legal requirements.”
Competitiveness and entrepreneurial freedom are also burdened by bureaucracy and “companies’ investment decisions are influenced”. According to the 450 managers surveyed, the time spent is mainly due to excessive reporting, information, documentation and reporting obligations. Legal regulations have become increasingly complex over the past ten years.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
