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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).