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Fritvalgslønkonto


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12:44 Mar 20, 2011
Danish to English translations [PRO]
Human Resources / Employee handbook
Danish term or phrase: Fritvalgslønkonto
"X indbetaler pt. x % af medarbejderens ferieberettigede løn på en Fritvalgslønkonto, som stilles til rådighed for medarbejderens frie valg."

Having trouble finding the English (US) equivalent of this term. Grateful for any help.
Anna Lie
United Kingdom
Local time: 12:47


Summary of answers provided
4Free choice accountsampat
3variable option loan account
Jande
4 -1time bank
Charles Ek


  

Answers


8 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
time bank


Explanation:
This is the term used by several U.S. employers. I don't know what would be used in the U.K. See first link for the example sentence, appearing under the heading "Time Banks". The second link is an example from a large U.S. corporation.

Example sentence(s):
  • For larger employers who desire to reward good attendance and provide incentives for not being absent, unused Sick, Vacation, and Personnel Time can be banked for future use.

    Reference: http://www.bsi-admin.com/additionalopt_plans.shtml
    Reference: http://www.ti.com/corp/docs/csr/empwellbeing/payandbenefits/...
Charles Ek
United States
Local time: 07:47
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 19

Peer comments on this answer (and responses from the answerer)
disagree  sampat: It appears that 'time bank' is used as an incentive by the US employers. In the Danish context, the payment of a certain percentage of the annual salary into an account is obligatory under the 2007 collective agreement; the employee can use this money th
45 mins
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38 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
Free choice account


Explanation:
"Hver enkelt medarbejder får en fritvalgslønkonto på 0,5 pct. af årslønnen pr. 1. maj 2007 og yderligere 0,25 pct. 1. maj 2008 og 1. maj 2009. Medarbejderen kan vælge at få udbetalt pengene eller bruge dem til søgnehelligdage, feriefridage, til pensionsindbetaling eller til efteruddannelsesformål."
http://www.danskmetal.dk/Nyheder og presse/Nyheder/2007/02 f...


"The first new collective agreement for 2007 was signed in Denmark at the end of February. The renewal of the agreement contains four significant changes in relation to: continuing training, strengthening of decentralised bargaining, ‘free-choice’ accounts and gender equality."
"More choice for employees
For some years, the social partners have discussed whether the collective agreements should provide for more individual choice concerning pay, time off or pensions. By introducing more ‘free-choice’ options in the collective agreements, the current tendency towards individualism would be met without endangering the collective foundation. Similar arrangements were introduced in the abbatoir workers’ agreement between the Danish Food and Allied Workers’ Union (Nærings- og Nydelsesmiddelarbejder Forbundet, NNF) and DI (DK0302102F)."


http://www.eurofound.europa.eu/eiro/2007/03/articles/dk07030...


sampat
Switzerland
Local time: 13:47
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
Notes to answerer
Asker: Thank you!

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1 day18 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
variable option loan account


Explanation:
Thats what I think they call it here in the AUS (as oppossed to the USA).

Jande
Australia
Local time: 21:47
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
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