Home » Industrial relations » National industrial relations » Germany: 4.8% salary increase over 29 months for insurance sector employees Germany: 4.8% salary increase over 29 months for insurance sector employees On 30 November and following tough negotiations, Germany’s insurance sector social partners finally signed a collective agreement covering the 170,000 employees in the sector’s various services segments. The agreement secures the sector’s employees a two-stage 4.8% salary increase, as well as a one-off bonus of €225 for December. Furthermore, and in a bid to attract younger cohorts, the signatories agreed a substantial increase for apprentices. They also agreed to start talks on an agreement over the potential for employees to choose between receiving a salary increase and additional leave time. Through . Published on 04 December 2019 à 13h24 - Update on 04 December 2019 à 13h24 Resources Consistent with the wishes of the insurance sector’s employers’ body, the AGV, this collective agreement spans a relatively long period of 29 months, and will apply from 01 September 2019 until 31 January 2022.… Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageRGPD J’accepte la politique de confidentialité.CommentsThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels
