More flexibility through long-term working-time accounts
Take a few months off at a time, care for a relative or retire early. Schuster Maschinenbau now makes it possible! With the long-term working-time account, employees can now save up working time and use it for longer periods of paid leave. At the same time, the employment relationship and all social benefits remain in place. This is real added value.
For employees, the long-term working-time account model is a good way to balance work and life - or simply to fulfill a dream. For us at Schuster, this is an advantage over our competitors in the war of talents that should not be underestimated. After all, the long-term working-time account is something that has, to date, hardly been offered in this way in our region and in our industry.
Save today – use tomorrow
And how does the long-term working-time account function? You can save overtime, part of your regular working hours, extra payments and unused vacation. The money saved is also protected against insolvency. There is no loss even if the employer changes: as a rule, the account is taken over or the saved amounts are paid out.
With this model we offer the freedom to adapt to different life situations which is very appealing for the employee. With the long-term working-time account, there is more net than when overtime or vacation pay is paid out. But this model is also attractive for the employer, as it allows him to react quickly and unbureaucratically to short-term fluctuations in orders. This can create a win-win situation with monetary and non-monetary incentives. No employee has to be sent on vacation if he or she does not want to. Vacation pay does not have to be paid out, since it is taxed too high anyway, but it is conveniently and easily converted into credits in the long-term working-time account. The employer only pays social security on top. Between two and five euros are spent per employee or transaction. The rest of the administration is taken care of - in our case - by the Bavarian Chamber of Insurance.
What is still being discussed in the political arena under the headings of the variety of life trajectories, the softening of rigid work models, flexibilization and globalization, we are already living out in concrete terms: one colleague spent a two-month sabbatical in an alpine hut abroad - even before the new model of a long-term working-time account was introduced. Our managing director Jürgen Dommer describes the response to the first talks on this as very positive. "The agile time value system is not the big thing, but above all it is further building block for becoming more attractive as an employer."
The advantages of the long-term working-time account: