New pay and working hours
You may have to switch to a new kind of fixed salary, or you may experience other changes in your terms and conditions of employment. On this site, we have gathered the most important and most relevant information for you. If you do not find the answer to your specific questions, you can contact your union representative or call Forhandling (Negotiations) at Finansforbundet.
Are you switching to fixed salary?
As from 1. july 2021, it has been possible for employers to switch employment condition to a fixed salary employment. The conditions for switching to a fixed salary are that you have a monthly salary of DKK 57,400 (per 1st of July 2025 DKK 58.850 from 1st of July 2026, and DKK 60.300 from 1st og July 2027) or more and that it is possible for you to plan your work independently.
If you have been hired after 1st of April 2020 and meet the terms for being om fixed salary, you are probably already employed under the new fixed salary conditions.
If you have currently agreed that payment for overtime is included in your pay, the change you will experience is that you will have the right to plan your work independently.
Planning your work independently
When you switch to fixed salary, this means that payment for overtime and inconvenience supplement are included in your pay. On the other hand, you will have the right to plan your own work. This gives you a broad flexibility, so that you can organize your working life so that it best fits with your life situation both in terms of working hours and working station. Studies have shown that this type of self-management and influence over your own work results in a boost in job satisfaction.
Are you in doubt whether you meet the terms to be on fixed salary? Contact your union representative or call Forhandling (Negotiations) at Finansforbundet (Financial Services Union Denmark) at 3296 4600
Are you entitled to salary compensation?
Fixed salary and the new pay system are not meant to result in savings. Therefore, Finansforbundet (Financial Services Union Denmark) has agreed with the employers that no employees should experience a decreas in pay when they switch to fixed salary. Therefore, they will be compensated with a supplement for the payment for overtime, which will subsequently be included in their salary. The supplement is calculated on the basis of your overtime for the last two years, so as always, you should remember to register your working hours.
If you are in doubt about whether you have the right to compensation, contact your union representative.
