Basic functions of time accounts
- Individual time accounts are required to collect short, medium and long term differences of the contractually agreed or costumary working time.
- Time account inflows are generated when the clock time is greater than the target time (e.g. 45 hours per week instead of 40 hours per week; difference of 5 hours turns into "time credit" on the time account).
- Time account outflows are generated when the clock time is less than the target time (e.g. 37 hours per week instead of 40 hours per week; difference of 3 hours turns into "debit" on the time account).
- The balance can be positive (= time credit), even or negative (= time debit).
- In times of depressed employment situations companies tend to reduce the employees' time credit before taking other measures of adjustment from reduced hours up to socially acceptable redundancies.
- Time accounts as internal retirement provision through the accumulation of time credit over a long period of time became less important.
Focuses of the ISPA time account consulting
Time account design (with in- and outflow arrangements)
- implementation of time accounts
- management of time accounts (e.g. "traffic light" accounts)
- insolvency insurance measures
Institute of Labor and Social Studies, Warsaw + Deutsch-Polnische Juristenvereinigung e.V., Berlin: Vorarbeiten zur Reform des polnischen Arbeitsrechts, insbesondere Arbeitszeitrecht (since 2007)
Commerzbank AG: Project "Zeitwertkonto COMFLEX PLUS" (since 2005)
Allianz Lebensversicherungs-AG: Project "Flexible Arbeitszeitmodelle, Gestaltung, Finanzierung und Insolvenzsicherung 1999" and related topics, e.g. working time accounts and internal retirement provision 2000