Wage is compensation paid by the employer to the employee for work that has been performed. Wages can be in cash or in kind, and consist of a basic salary and possible bonuses, such as evening, overtime or shift bonuses. The amount and terms of the salary are agreed in a sector-specific collective agreement or employment contract.
AKT has also negotiated holiday pay or end-of-holiday holiday pay for its members. The two are practically the same thing. Holiday pay means additional compensation paid in addition to annual holiday pay, which is usually 50 percent of the salary paid during the holiday.
The payment of holiday pay is not required by law, but is agreed upon in a collective agreement or employment contract. These are very significant benefits negotiated for members in AKT employment contracts.
Check the terms and conditions related to holiday pay in your own sector’s collective agreement!
AKT membership is a wise choice. Your most valuable asset is that your wages and working conditions are taken care of. As a member, you have access to AKT’s holiday homes, get discounted prices on insurance, boat trips and many more. You also get professional indemnity insurance. Best of all, you belong to a group of professionals working in the same field!