Nov 16, 2018 19:27
5 yrs ago
German term
Bestandsicherung
German to English
Bus/Financial
Human Resources
The context is a change in the remuneration system for management at an automaker.
I'm having trouble understanding the term Bestandsicherung (and also phrasing "abgestuft abgesichert").
Bestandsicherung Beispiel: Bestandssicherung für 2019 = Fix (2019) + JB (Ist für 2019) + PSP (Ist für 2019 ausgezahlt in 2022) – ausbezahlte Vergütung Referenzjahr (2018 in 2019).
[JB is the annual bonus and PSP the performance share plan]
Die individuell ausbezahlte Direktvergütung für das Geschäftsjahr 2018 wird über drei Jahre abgestuft abgesichert. Diese abgestufte Bestandssicherung beträgt für das Geschäftsjahr 2019 100%, für 2020 90 % und für 2021 80 %.
Can anyone help me by explaining what they mean and possibly providing a suggestion?
TIA!
I'm having trouble understanding the term Bestandsicherung (and also phrasing "abgestuft abgesichert").
Bestandsicherung Beispiel: Bestandssicherung für 2019 = Fix (2019) + JB (Ist für 2019) + PSP (Ist für 2019 ausgezahlt in 2022) – ausbezahlte Vergütung Referenzjahr (2018 in 2019).
[JB is the annual bonus and PSP the performance share plan]
Die individuell ausbezahlte Direktvergütung für das Geschäftsjahr 2018 wird über drei Jahre abgestuft abgesichert. Diese abgestufte Bestandssicherung beträgt für das Geschäftsjahr 2019 100%, für 2020 90 % und für 2021 80 %.
Can anyone help me by explaining what they mean and possibly providing a suggestion?
TIA!
Proposed translations
(English)
| 3 | Pay protection |
Catherine Byers (X)
|
| 1 | management employee retention plan |
andres-larsen
|
Change log
Nov 16, 2018 19:29: philgoddard changed "Field" from "Bus/Financial" to "Other" , "Field (write-in)" from "Remuneration" to "(none)"
Nov 17, 2018 19:52: Steffen Walter changed "Field" from "Other" to "Bus/Financial"
Proposed translations
2 days 3 hrs
Selected
Pay protection
The context here is a change in management remuneration. In the UK, “pay protection" refers to measures which safeguard existing employees’ current salary levels where their employer changes its remuneration structures. In Germany, I believe the phrase normally used for this concept is „Bestandschutz”, but I suspect that „Bestandsicherung” has the same meaning.
I would translate the phrase „wird über drei Jahre abgestuft abgesichert“ as “will be protected on a reducing basis over three years”.
I would translate the phrase „wird über drei Jahre abgestuft abgesichert“ as “will be protected on a reducing basis over three years”.
4 KudoZ points awarded for this answer.
5 hrs
andres-larsen
Venezuela
Venezuela
Native in English
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freelance translator
Native in: English 
Works in: Spanish to English, English to Spanish, German to English, and 3 more.
Related KudoZ points
:
12
management employee retention plan
Management employee retention plan
Example: Inventory for 2019 = Fixed salary (2019) + JB annual bonus (is for 2019) + PSP performance share plan (will be paid for 2019 in 2022) - remuneration paid in reference year (2018 in 2019).
[JB is the annual bonus and PSP the performance share plan]
The individually paid direct remuneration for the financial year 2018 is tiered over a period of three years. This tiered management employee retention plan is 100% for the financial year 2019, 90% for 2020 and 80% for 2021.
sources:
What is employee retention? - Definition from WhatIs.com
https://searchhrsoftware.techtarget.com/.../employee-retenti...
31 may. 2018 - Employee retention is the organizational goal of keeping talented employees and reducing turnover by fostering a positive work atmosphere to promote engagement, showing appreciation to employees, and providing competitive pay and benefits and healthy work-life balance.
How to Write a Retention Plan | Chron.com
https://work.chron.com › ... › Recruiting & Retention
29 jun. 2018 - Your company's retention plan is only as good as the support it receives from managers. Management support for employee retention is ...
7 Tips To Better Employee Retention - Forbes
https://www.forbes.com/.../7-tips-to-better-employee-retenti...
3 mar. 2015 - As the Wall Street Journal notes, a high employee turnover rate can cost “twice an employee's salary to find and train a replacement.” Not only ...
Employee retention: 6 strategies for keeping top talent | CIO
https://www.cio.com/.../how-to-improve-employee-retention.ht...
Employee retention is a critical issue as companies compete for talent in a tight economy. The costs of employee turnover are increasingly high — as much as ...
Employee Retention - Meaning and Important Concepts
https://www.managementstudyguide.com/employee-retention.htm
Employee retention refers to all those practices which let the employees stick to an organization for a longer time. Employee retention techniques go a long way ...
What Is Employee Retention and What Factors Contribute to It?
https://business.dailypay.com/blog/employee-retention
14 may. 2018 - Employee retention is an organization's ability to keep its employees. Employee retention is usually represented as a percentage. For example ...
Talent Management Employee Retention - Tutorialspoint
https://www.tutorialspoint.com/...management/talent_manageme...
Talent Management Employee Retention - Learn Talent Management in simple and easy steps starting from basic to advanced concepts with examples ...
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Note added at 5 hrs (2018-11-17 00:34:54 GMT)
--------------------------------------------------
small correction [management employee retention plan instead of inventory]:
Example: Management employee retention plan for 2019 = Fixed salary (2019) + JB annual bonus (is for 2019) + PSP performance share plan (will be paid for 2019 in 2022) - remuneration paid in reference year (2018 in 2019).
[JB is the annual bonus and PSP the performance share plan]
The individually paid direct remuneration for the financial year 2018 is tiered over a period of three years. This tiered management employee retention plan is 100% for the financial year 2019, 90% for 2020 and 80% for 2021.
Example: Inventory for 2019 = Fixed salary (2019) + JB annual bonus (is for 2019) + PSP performance share plan (will be paid for 2019 in 2022) - remuneration paid in reference year (2018 in 2019).
[JB is the annual bonus and PSP the performance share plan]
The individually paid direct remuneration for the financial year 2018 is tiered over a period of three years. This tiered management employee retention plan is 100% for the financial year 2019, 90% for 2020 and 80% for 2021.
sources:
What is employee retention? - Definition from WhatIs.com
https://searchhrsoftware.techtarget.com/.../employee-retenti...
31 may. 2018 - Employee retention is the organizational goal of keeping talented employees and reducing turnover by fostering a positive work atmosphere to promote engagement, showing appreciation to employees, and providing competitive pay and benefits and healthy work-life balance.
How to Write a Retention Plan | Chron.com
https://work.chron.com › ... › Recruiting & Retention
29 jun. 2018 - Your company's retention plan is only as good as the support it receives from managers. Management support for employee retention is ...
7 Tips To Better Employee Retention - Forbes
https://www.forbes.com/.../7-tips-to-better-employee-retenti...
3 mar. 2015 - As the Wall Street Journal notes, a high employee turnover rate can cost “twice an employee's salary to find and train a replacement.” Not only ...
Employee retention: 6 strategies for keeping top talent | CIO
https://www.cio.com/.../how-to-improve-employee-retention.ht...
Employee retention is a critical issue as companies compete for talent in a tight economy. The costs of employee turnover are increasingly high — as much as ...
Employee Retention - Meaning and Important Concepts
https://www.managementstudyguide.com/employee-retention.htm
Employee retention refers to all those practices which let the employees stick to an organization for a longer time. Employee retention techniques go a long way ...
What Is Employee Retention and What Factors Contribute to It?
https://business.dailypay.com/blog/employee-retention
14 may. 2018 - Employee retention is an organization's ability to keep its employees. Employee retention is usually represented as a percentage. For example ...
Talent Management Employee Retention - Tutorialspoint
https://www.tutorialspoint.com/...management/talent_manageme...
Talent Management Employee Retention - Learn Talent Management in simple and easy steps starting from basic to advanced concepts with examples ...
--------------------------------------------------
Note added at 5 hrs (2018-11-17 00:34:54 GMT)
--------------------------------------------------
small correction [management employee retention plan instead of inventory]:
Example: Management employee retention plan for 2019 = Fixed salary (2019) + JB annual bonus (is for 2019) + PSP performance share plan (will be paid for 2019 in 2022) - remuneration paid in reference year (2018 in 2019).
[JB is the annual bonus and PSP the performance share plan]
The individually paid direct remuneration for the financial year 2018 is tiered over a period of three years. This tiered management employee retention plan is 100% for the financial year 2019, 90% for 2020 and 80% for 2021.
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