Hebrew to English translations [PRO]
Bus/Financial - Finance (general) / Financial Statements | | Hebrew term or phrase: מענק הסתגלות | זאת כותרת:
סכומים למאזן ולדוח רווח הפסד - [לשנת] - [לחברת] - מענק הסתגלות |
|   LingoproKudoZ activityQuestions: 357 ( 4 open) ( 1 without valid answers) ( 18 closed without grading) Answers: 872
Israel
| | Local time: 20:41
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| | Adaptation Grant | Explanation:
מענק הניתן לעתים במסגרת הסכם לפרישה מוקדמת, כחלק מתמריצי הפרישה המוצעים לעובד |
| Selected response from:
Gila Lavi Shostak
Israel
Local time: 20:41
| Grading comment Thank you Gila.
I changed adaptation to Adjustment because it is more appropriate in this context (as well as the fact that adaptation is more common when talking of book/movie adaptation).
2 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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6 hrs confidence:   peer agreement (net): +2 Adaptation Grant
Explanation:
מענק הניתן לעתים במסגרת הסכם לפרישה מוקדמת, כחלק מתמריצי הפרישה המוצעים לעובד
Reference: http://www.hilan.co.il/calc/Lexicon.aspx?Phrase=%D7%9E%D7%A2...
| Gila Lavi Shostak
Israel
Local time: 20:41
Native speaker of:  Hebrew, English
PRO pts in category: 2
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| | Grading comment Thank you Gila.
I changed adaptation to Adjustment because it is more appropriate in this context (as well as the fact that adaptation is more common when talking of book/movie adaptation). |
| Notes to answerer
Asker: Thank you Gila. I found this suggestion before I posted my question. Thing is, it doesn't seem to be the righ term in English in this context.
I will wait to see what other suggestions are made.
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16 hrs confidence: Service Credit Grant / Leave Encashment
Explanation:
According to the link below, מענק הסתגלות is defined as:
מענק הסתגלות - פיצוי בעד ימי מחלה שלא נוצלו
http://www.hargal.co.il/Info.aspx?txtParam=CT_ADV&txtItemID=...
Which is easy enough to grasp, but finding an English equivalent is not so easy. I found one link:
Unused Leave at Retirement
Sick Leave
At retirement, you may receive service credit for up to 90 days of unused sick leave from your last employer at no cost to you. This service credit cannot be used to establish retirement eligibility. Sick leave is reported by your employer after retirement. One month of service is granted for each 20 days of sick leave.
http://www.retirement.sc.gov/scrs/active/basicinfo/default.h...
This "service credit" as they call it seems to match the description of מענק הסתגלות quite well - a type of compensation for unused sick days - redeemable upon retirement.
It seems that some companies include this payment/grant as an adjustment to the retiree's retirement package (hence the הסתגלות I guess).
In the "target term" I have included two terms that I came across (links included below) that sound like the מענק הסתגלות described in my first link.
It might be a complete tangent(hence the low confidence), or you might not end up using either term, but hopefully it might point you in the right direction.
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Note added at 18 hrs (2011-11-19 17:30:26 GMT)
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Sorry - you're right, in the course of my research the grant did seem to be a "catch-all" type thing, for anyone who leaves employment for almost any reason (retirement, another job, fired etc).
Reference: http://untsystembsc.custhelp.com/app/answers/detail/a_id/136...
Reference: http://www.paycheck.in/main/work-and-pay/legal-outlook/provi...
| Ty Kendall
United Kingdom
Local time: 18:41
Works in field
Native speaker of:  English
PRO pts in category: 12
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| | Notes to answerer
Asker: Thank you for your in depth answer. There is no question in my mind that this grant is given to someone who terminates employment, but I'm not so sure this grant is only given to retirees or also as insentive for people to retire early or stop working in a company.
Asker: ...and of course, incentive, not the other.
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19 hrs confidence: Accrued Leave Payout
Explanation:
I've given this another shot as a separate answer because my previous answer was getting long.
This seems to be more of a catch all term (for severance, retirees, redundancies etc).
It also has an incentive element to it (i.e. if you leave the company two weeks early it can be counted as your accrued leave
Or.... alternatively if you work until your notice date you will receive a full accrued leave payout etc....
This may be grasping at straws, but I thought it was worth another shot.
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Note added at 20 hrs (2011-11-19 19:53:30 GMT)
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No problem, I think I'd do the same. Adjustment Grant is the best option available. I obsess over these things, especially the ones where you ALMOST find the right answer, and then you keep telling yourself if you keep researching for a bit longer you'll magically stumble upon the perfect answer - it's more frustrating than the questions where you know for sure you'll never find an answer and accept giving up more easily. Anyway, I'm rambling, enjoy the rest of your weekend!
Reference: http://www.twc.state.tx.us/news/efte/accrued_leave_payouts.h...
Reference: http://www.businesslink.gov.uk/bdotg/action/detail?itemId=10...
| Ty Kendall
United Kingdom
Local time: 18:41
Works in field
Native speaker of: English
PRO pts in category: 12
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| | Notes to answerer
Asker: I actually wrote (then deleted) accrued. Yes, it seems everything fits into it, but I decided against it only because the text doesn't indicate if the sums are in fact accrued (I can only assume it from the sums next to it, and that would be a bit bold on my part) or if the company is giving it as a sort of "bonus" or benefit, if you will. I think I will go with Adjustment grant, which says it all, and doesn't say anything... which is what the source text does in a way (it doesn't give any explanation about this grant). Thanks a lot for your help - you really make an effort, which I appreciate!
Asker: Thanks! Same to you :-)
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