Pool of funds for skills development Sample Clauses

Pool of funds for skills development. § 1 Strategic skills development is an important tool in making employees and companies well positioned for the transformation and professional development required in the financial sector of the future. To the individual employee, regular skills development is important to maintain or increase his/her own possibilities in the financial sector of the future. The companies must pay DKK 350 semi-annually per employee covered by the collective agreements between the FA and the Finansforbundet Denmark or covered by the corporate collective agreements concluded under the general agreement between the FA and Finansforbundet. The pool of funds is managed by a board with equal representation from both parties which determines the overall use of the funds based on sector development and with a view to strengthening the employ- ees' job and career opportunities as well as transparency and documentation principles. The board is chaired by Financial Services Union Denmark, which must also provide secretariat assistance and manage the pool of funds. Contributions must be paid semi-annually together with the company's pay- ment of its education contribution. § 2 The Board allocates DKK 250 per year per employee for competence projects in the companies with the overall goal of promoting employee competence development and employee experience and un- derstanding of their own responsibility. § 3 The Board allocates DKK 450 per year per employed to raise the overall level of competence of em- ployees in the financial sector. Funds devoted to competence development must primarily be used for relevant individual vocational skills development, which will strengthen the companies and employee employability. Employability contributes to the employee's market value and career safety and also contributes to the company's growth and competitiveness. Where appropriate, the pool can also be used for competence development in the companies.
Sample 1Sample 2
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Pool of funds for skills development. Article 1 Strategic skills development is an important tool in making employees and companies well positioned for the transformation and professional development required in the financial sector of the future. To the individual employee, regular skills development is important to maintain or increase his/her own possibilities in the financial sector of the future. The companies will pay into a pool per employee covered by the collective agreements between the FA and the Financial Services Union Denmark or covered by the corporate collective agreements con- cluded under the general agreement between the FA and financial Services Union Denmark. Employ- ees with a monthly salary of on 1 April 2023 exceeding DKK 76,500 plus the value of the special Holi- day supplement stated in the collective agreement, holidays agreed in accordance with the collective agreement, care days and the employer's pension contribution are not subject to any contributions. As at on 1 july 2023, the monthly salary will be raised to DKK 79,950, and on 1 july 2024 the monthly xxx- ary will be raised to DKK 82,900. The rate shall be: • DKK 700 at 1 july 2022 • DKK 730 at 1 july 2023 • DKK 755 at 1 july 2024 The pool of funds is managed by a board with equal representation from both parties, which deter- mines the overall use of the funds based on sector development and with a view to strengthening the employees' job and career opportunities as well as transparency and documentation principles. xxxxx- cial Services Union Denmark supports the staff, provides secretarial assistance and manages the pool. Contributions are paid every six months and the business pays its education contributions. Article 2 Annually, the board of the Financial Competence Pool (Finanskompetencepuljen) allocates DKK 250 per employee for competence projects in the companies with the overall goal of promoting the em- ployee’s skills development, as well as the employee’s experience and understanding of their own re- sponsibility for this. In connection with the implementation of the pool funds, the board lays down general guidelines for their use in the companies. If the funds for competence projects in the companies are not used, the remaining funds are trans- ferred to general use, cf. article 3. Article 3 Annually, the board of the Financial Competence Pool (Finanskompetencepuljen) allocates DKK 450 per employee to raise the general level of competence of employees in the financial sector. The funds allocated to...
Sample 1
Pool of funds for skills development. Strategic skills development is an important tool in making employees and companies well positioned for the transformation and professional development required in the financial sector of the future. To the individual employee, regular skills development is important to maintain or increase his/her own possi- bilities in the financial sector of the future. For this purpose, a pool of funds is created for skills development. The companies must pay DKK 225 semi-annually per employee covered by the collective agreements between the FA and the Financial Services Union Denmark or covered by the corporate collective agreements concluded under the gen- eral agreement between the FA and Financial Services Union Denmark. The objective of the pool of funds is to upgrade the general skills of employees within the financial sector. The funds earmarked for skills development must first and foremost be used for relevant pro- fessional skills development which will strengthen the companies and the employees' employability. Employability contributes to the employees' market value and security and further contributes to the companies' growth and competitiveness. Where relevant, the funds may also be used for personal skills development purposes. The pool of funds is managed by a board with equal representation from both parties which determines the overall use of the funds based on sector development and with a view to strengthening the em- ployees' job and career opportunities as well as transparency and documentation principles. The board is chaired by Financial Services Union Denmark, which must also provide secretariat assistance and manage the pool of funds. Contributions must be paid semi-annually together with the company's payment of its education contribution. This protocol may be terminated by either party in connection with the termination of the standard col- lective agreement at the next following central collective bargaining, if the intention behind the pool agreement in the opinion of the terminating party is not sufficiently promoted. As the pool of funds is financed within the framework at the renewal of collective agreements in 2014, this means that if the protocol terminates, the total annual amount of DKK 450 per employee will be in- cluded as a negative amount in the next collective bargaining.
Sample 1

Related to Pool of funds for skills development

  • Skills Development The Company acknowledges the changing pace of technology in the electrical contracting industry and the need for employees to understand those changes and have the necessary skill requirements to keep the Company at the forefront of the industry. The Parties to this Agreement recognise that in order to increase the efficiency, productivity and competitiveness of the Company, a commitment to training and skill development is required. Accordingly, the parties commit themselves to: i) Developing a more highly skilled and flexible workforce. ii) Providing employees with career opportunities through appropriate training to acquire the additional skills as required by the Company. Taking into account; The current and future skill needs of the Company. The size, structure and nature of the Company. The need to develop vocational skills relevant to the Company and the Electrical Contracting Industry. Where, by agreement between the employee and employer, an employee undertakes training providing skills, which are not a company specific requirement, any time spent in the completion of this training shall be unpaid.

  • Business Development Provide advice and assistance in business growth and development of Party B. 业务发展。对乙方的业务发展提供建议和协助。

  • Description of Funding Techniques 6.2.1 The following are terms under which standard funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. Funding Technique Name Description Actual Clearance, ZBA - Same Day Payment The State shall request funds the same day it pays out funds, in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. A Federal agency will deposit funds in a State account the same day as requested. The amount of the request shall be for the amount of funds that clear the State's account that day. This funding technique is interest neutral. Composite Clearance The State shall request funds such that they are deposited on the dollar-weighted average number of days required for funds to be paid out for a series of disbursements, in accordance with the clearance pattern specified in Exhibit II. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the sum of the payments issued in the series of disbursements. This funding technique is interest neutral. Pre-Issuance The State shall request funds such that they are deposited in a State account not more than three business days prior to the day the State makes a disbursement. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be the amount the State expects to disburse. This funding technique is not interest neutral. 6.2.2 The following are terms under which funding techniques for administrative costs shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. Funding Technique Name Description Actual Costs - Estimated Allocation - Monthly The State shall request funds once a month, such that they are deposited on the median day of the month, to fund the activity of the prior month. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I. The amount of the request shall be an estimate based on the actual costs of the month distributed to the program according to the allocation of costs for the preceding six months. This funding technique is interest neutral. 6.2.3 The following are terms under which miscellaneous funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are currently no funding techniques listed in Section 6.2.3. 6.2.4 The following are terms under which State unique funding techniques shall be implemented for all transfers of funds to which the funding technique is applied in section 6.3.2 of this Agreement. There are currently no programs listed for Section 6.2.4.

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  • Application of Funding Techniques to Programs 6.3.1 The State shall apply the following funding techniques when requesting Federal funds for the component cash flows of the programs listed in sections 4.2 and 4.3 of this Agreement. 6.3.2 Programs Below are programs listed in Section 4.2 and Section 4.3.

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