Silicon Valley Europe has also concluded an exclusive framework agreement with the time value account administrator PensExpert GmbH for its members.

Silicon Valley Europe has also concluded an exclusive framework agreement with time value account manager PensExpert GmbH for its members.

Below, we have briefly summarised the benefits of time value accounts.

For employers:

1. Employee retention:

Time value accounts help to retain skilled employees in the long term. Employees who have the opportunity to flexibly organise their working hours and plan longer periods of leave are often more satisfied and less likely to leave the company.

2. Employer branding:

Companies that offer time value accounts are perceived as modern, family-friendly employers. This strengthens the employer image and helps to attract and retain qualified skilled workers.

3. Flexibility in personnel planning:

Time value accounts enable employers to balance temporary staff surpluses by flexibilising working hours. Employees can use their time value credits to take leave during periods of low workload and save overtime during peak periods. This makes personnel management easier.

At the same time, phased retirement solutions can be designed for employees close to retirement age.

This has the advantage that the employee's knowledge can be retained for longer.

For employees:

1. Flexibility:

Time value accounts enable employees to save overtime, untaken leave or part of their salary to finance longer periods of leave later on. This can be used for sabbaticals, early retirement or longer parental leave periods. This makes it possible to organise work and private life more flexibly.

2. Planning time off:

Employees can flexibly adjust their working hours and plan periods of leave in a structured way. This promotes the compatibility of work and family life as well as personal development, for example by having time for further training, travel or family commitments.

3. Long-term security:

Time value accounts also serve as a kind of "reserve" that can be saved for later life phases. This provides additional financial security and the opportunity to retire early without suffering drastic losses in retirement provision.

4. Tax advantages:

Contributions to a time value account are generally tax- and social security-free as long as they are paid into the account. Taxation only takes place when the account is used, which is usually in a phase of lower taxation, such as retirement or a longer period of leave.

Win/win for employers and employees:

Time value accounts create a win-win situation for employers and employees. They increase the flexibility of both parties and enable a more individual design of working and private life. This can lead to higher motivation and productivity on the one hand and more efficient use of resources and lower fluctuation on the other. The regulations on time value accounts also offer various tax advantages, making them attractive for both sides.