General
Working Hours Bank
An arrangement allowing employees to save excess working hours or convert monetary benefits into time off.
Definition
A working hours bank is a system where an employee can save accumulated excess working hours, including overtime, or convert certain monetary benefits (such as bonuses for evening, night, or Sunday work) into time off for later use. The Working Hours Act (872/2019) made the use of working hour banks possible in all workplaces, whereas previously it was often limited to those covered by collective agreements. The implementation of a working hours bank requires an agreement between the employer and employees or their representatives, with a maximum accumulation limit, typically 180 hours per calendar year.