Pay Scale Revealed: Compensation of Mercedes, Porsche, and Other Luxury Car Companies' Employees
Vacation Money Payments in German Companies: A Breakdown
Vacation money, or Urlaubsgeld, is a common bonus paid to employees, particularly in manufacturing sectors like automotive and mechanical engineering. The amount varies depending on collective bargaining agreements and company policy.
In large automotive companies such as Porsche and Mercedes, which are covered by collective agreements in Baden-Württemberg, vacation money typically ranges from about half to a full monthly salary, depending on company size, seniority, and specific agreements.
Similarly, in the mechanical engineering sector, vacation money payments are regulated by collective agreements like IG Metall, often securing payments around 70% to 100% of one monthly salary as vacation pay.
The TVöD, applying primarily to public sector employees, includes separate regulations for vacation pay or equivalent bonuses. Under some TVöD agreements, employees receive a vacation allowance, but the amount varies depending on the specific service area and local agreements.
However, exact current figures for Porsche, Mercedes, or Baden-Württemberg mechanical engineering companies are not explicitly available in the search results. Contacting company HR or labor unions like IG Metall directly is often necessary for precise information.
This year, the proportion of employees receiving vacation money has decreased to 44%, compared to 46% last year. Not all employees in the private sector will receive vacation money this summer, and in the public sector, vacation money is not guaranteed.
Some companies, like SAP and Teamviewer in the IT industry, do not typically offer the classic holiday bonus. Instead, they may provide other forms of compensation such as performance-based bonuses or special payments.
Other companies like Würth, Dürr, Stihl, Mahle, EnBW, and Kärcher pay a collective agreement-based holiday bonus. The amounts vary depending on the company and the employee's position. For example, full-time employees at EnBW can expect a payment of 3428.08 euros in June, while apprentices receive a payment of 75% of a month's salary from the second year of training.
At dm, full-time employees will receive 1720 euros, apprentices 1147 euros, and at Ritter Sport, employees can look forward to an extra payment of 414 euros this year.
It's important to note that in some special situations, such as sick pay, restrictions on vacation money can occur. The payment has been delayed in some cases, with trade unions speaking of a breach of trust.
Despite these challenges, vacation money remains a welcome extra for employees, providing a boost to their summer earnings.
- To ensure proper personal-finance management, employees who receive vacation money as part of their income in German companies, such as Porsche or SAP, should consider setting aside a portion of their bonuses for future expenses.
- The field of business, particularly within sectors like automotive and mechanical engineering, offers substantial personal-finance benefits, such as vacation money and other forms of compensation, to employees.
