Education and work
Max wants to participate in a long-term training to improve his professional skills and his career possibilities.
But next to his full-time job it’s difficult to find time to attend a course and all the trainings he found are very expensive.
Don’t worry, Max! Let’s have a look together on possibilities how you can take time of work to participate in a long-term training and what possibilities there are to assist you with the financing!
Educational leave or sabbatical
When Max wants to undertake training or further education, without having to work, he can take educational leave with the agreement of his employer.
The duration may vary depending on what they agree but it is rarely longer than a year. Educational leave can be paid or unpaid.
It depends on the law in Max country, as well as what Max negotiates with his employer.
Refund of expenses for further education Some companies are willing to pay expenses for further education of their employees.
As a precondition, Max would be obliged to work for his employer for a certain period of time. How long this period is depends on how expensive the further education was.
If Max resigns prior to this, he has to pay back the expenses for the further education. There are also schemes promoted by the European states to encourage lifelong learning amongst employees.
Work-based learning More and more companies offer a broad range of training, both in-house and externally, to encourage employees to look constantly at improving their skill set.
Training possibilities may include subjects important to the company such as computer skills or sensitisation workshops on a certain subject,
as well as social media, first aid, fire prevention the list is endless.
Tax deductibility for training costs Both Max and his employer benefit from further education in the workplace as the costs are tax deductible.
Now Max knows what possibilities exist to take time-off work to undertake training and what possibilities exit that support him in financing his training.