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Covestro publishes salary ranges for all open positions in Germany


Release time:

2024-12-13

Covestro shows pioneering spirit in recruiting and discloses salary ranges for all advertised positions in Germany, regardless of hierarchy level or department. With this step, the materials manufacturer is proactively implementing the EU Pay Transparency Directive expected in 2026. This directive mandates employers to provide information about entry-level salaries or salary ranges for advertised positions during the application process.

“Trust, fairness, and equality are central values for us as an employer. By publishing salary ranges in our job postings, we demonstrate that we live by these values, take the concerns of applicants seriously, and promote an open and fair dialogue,” says Sophie von Saldern, Global Head of Human Resources at Covestro. The company’s existing workforce also benefits from this transparency, as salary bands are accessible internally.

Benefits for All: Greater Efficiency, Transparency, and Fairness

This new approach goes beyond positioning Covestro as a transparent and fair employer – it fundamentally transforms the entire recruitment process. The initiative was initially piloted in engineering roles, where there is a significant skills shortage. The positive results from the pilot encouraged Covestro to extend the publication of salary ranges to all job advertisements.

“We’re already seeing early indications of increased application numbers. At the same time, the recruitment process is becoming more focused, and we’re receiving positive feedback from candidates. Applicants are assessing themselves within the salary range based on their qualifications and experience, which leads to more efficient and transparent discussions,” reports Dr. Ute Breitsohl, Head of Employer Branding & Recruiting in Germany.

Job seekers benefit from this transparency in several ways: Entry-level professionals gain clear guidance on salary expectations.
Experienced professionals can recognize the value placed on their expertise and directly discuss opportunities for development, including financial ones.
Women, who often undervalue themselves in salary negotiations, benefit from clear salary bands. For all profiles, the disclosure of salary structures allows applicants to immediately determine whether a position is financially attractive and suitable. “Our goal is to create a fair and open basis for discussion right from the start. In this way, we contribute even more to an application process at eye level,” explains Dr. Breitsohl. “The positive response from applicants confirms that our transparent approach creates trust. This enables us to focus more on development prospects and career goals in interviews.”

This initiative strengthens Covestro's position as an attractive employer. At the same time, Covestro is actively sending a signal to the labor market to raise awareness of the gender pay gap. “Only if salary ranges are disclosed transparently and comprehensibly can comparability be achieved across gender boundaries. With this step, Covestro is setting new standards for fairness and equality in the world of work,” Breitsohl continued.

Early Implementation of the EU Pay Transparency Directive

By publishing salary ranges in job postings, Covestro is preemptively fulfilling a requirement that will become mandatory for many companies in Germany by 2026. The forthcoming EU Pay Transparency Directive will oblige employers to disclose salary information during the recruitment process.

Sophie von Saldern, Global Head of Human Resources at Covestro, highlights the strategic intent behind this move: “We see publishing salary ranges not just as preparation for future legal requirements but as a strategic tool to strengthen our employer brand. The collective bargaining agreements in the chemical industry already provide attractive conditions—our additional transparency creates a win-win situation for applicants and our company.”

More targeted applications, positive feedback from departments, fewer time-consuming salary negotiations, and greater fairness: these indicators underline the success of this initiative and Covestro’s leadership role in promoting transparency and fair working conditions.

Interested candidates can find all current job postings with corresponding salary ranges on Covestro’s career page at www.career.covestro.com. The website also provides further information about Covestro as an employer and the diverse development opportunities within the company.

Ps: The above news come from Covestro official website.

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