Salary systems in Finansforbundet’s collective agreements
Here you are given an overview of the different salary systems that are agreed in Finansforbundet’s standard collective agreement, company collective agreements, special collective agreements and FinTech collective agreements.
The standard collective agreement (STOK'ens) salary system
The Majority of financial compagnies who are members of the employers association Finans Danmark Arbejdsgiver (FIDA/A) are typically covered by STOKen. Certain large compagnies/corporations are instead covered by a company collective agreement (VOK).
In STOKens salary system, salaries are agreed individually between the company and the employee. They must reflect the individual’s performance, qualifications, education and skills, as well as the content and responsibility of the position.
All employees are entitled to an annual salary dialogue.
The minimum monthly salary excluding the employer’s pension contribution is:
- DKK 27,650 as of 1 July 2024
- DKK 28,300 as of 1 July 2025
- DKK 29,000 as of 1 July 2026
- DKK 29,750 as of 1. July 2027
Employees with independent work organisation may be employed on a fixed salary if their monthly salary excluding employer’s pension contribution is at least:
- DKK 56,050 as of 1 July 2024
- DKK 57,400 as of 1 July 2025
- DKK 58,850 as of 1 July 2026
- DKK 60,300 as of 1 July 2027
Employees may be employed on an individuakl contract if their monthly salary, excluding employer’s pension contribution, care days, Great Prayer Day compensation. the sixth holiday week and special holiday supplement, is at last:
- DKK 77,350 as of 1 July 2024
- DKK 79,200 as of 1 July 2025
- DKK 81,200 as of 1 July 2026
- DKK 83,250 as of 1 July 2027
The salary for young people under the age of 18 is at least 60 per cent of STOK’ens minimum salary.
Remuneration is made in accordance with the general rules in STOKen from the first day of the month in which the employee turns 18.
The minimum salary for young people under the age of 18 is:
- DKK 16,590 as of 1 July 2024
- DKK 16,980 as of 1 July 2025
- DKK 17,400 as of 1 July 2026
- DKK 17,850 as of 1 July 2027
General salary increases STOKen 2025-2027
Finansforbundet has agreed on the following general salary increases for the duration of the collective agreement:
- 1,80 % in 2025
- 1,90 % in 2026
- 1,90 % in 2027
Local salary pools STOKen 2025-27
The following local salary pools have been agreed in STOKen. The salary pools are:
- 1,00 % in 2025
- 1.00 % in 2026
- 1,00 % in 2027
In STOKen, a portion of the agreed salary increase is allocated to local and individual pay, unless management decides not to implement local salary pools. If management decides not to apply local salary pools, the contribution from the local pay pool of 0.60% is converted into general salary increases.
The local salary pool enables you to engage in a genuine dialogue about salary with your manager. The collective agreement ensures that there are actual financial resources available for individual pay. The company’s contribution and the contribution from the local salary pool together constitute the total localsalary pool. The total local salary pool amounts to at least the following:
|
Year |
Contribution local salary pool |
Company contribution |
Total local salary pool |
|
2025 |
0.60 |
0.40 |
1.00 |
|
2026 |
0.60 |
0.40 |
1.00 |
|
2027 |
0.60 |
0.40 |
1.00 |
The local salary pool is distributed based on a local agreement between the local union representative and the company regarding criteria for individual allocation. If no agreement can be reached, the criteria outlined in § 24(3) of STOKen. This means that, the adjustment is based on an overall assessment of how the employee meets the expectations of the function and the employee's existing pay level. The assessment must consider the development of the employee's performance, qualifications, flexibility, the content of the position and responsibilities.
During the annual salary dialogue, you may request information about the basis for the overall salary assessment.
With the exception of contractual employees, the local salary pool will be implemented on the basis of the company’s payroll with effect from 1 July each year.
Are you a student?
Students are at least entitled to STOKens minimum wage according to § 23 and § 32.
Please contact your local union representative or Finansforbundet if you have questions about students salary - or other employment conditions.
As a student, your salary and employment conditions vary depending on the collective agreement you are covered by.
The majority of students in the financial sector are covered by the Standard Collective Agreement [STOK'en] or by one of the Company Collective Agreements [CCA]. However, you may also be covered by one of Finansforbundets Special Agreements or FinTech Agreements.
If you are unsure which agreement applies to you, or if you have questions about your salary and employment conditions, please contact your local union representative or Finansforbundet at +45 32 96 46 00 or post@finansforbundet.dk.
Below is a general description of the key salary and employment conditions for students covered by STOK'en, which covers more than 100 companies in the financial sector. If you instead are employed in one of the companies covered by one of Finansforbundets Company Collective Agreements [CCAs], your salary and employment conditions will typically be very similar to those described below in STOK'en.
Students’ Salary and employment conditions according to STOK'en
If you are employed in a company covered by STOK'en, Finansforbundet have secured you quite good salary and employment conditions.
For example, you are entitled to annual salary increases, and you’re guaranteed a high minimum wage.
For the period 2025–2027, Finansforbundet has negotiated the following minimum wages and salary inceases:
Salary increases – Students
|
Year |
Salary increase (%) |
|
2025 |
1.80 or 2.40 if no local salary pools have been implemented |
|
2026 |
1.90 or 2.50 if no local salary pools have been implemented |
|
2027 |
1.90 or 2.50 if no local salary pools have been implemented |
Minimum wage – Students
|
Year |
Monthly salary (DKK) |
Hourly wage (DKK) |
|
2025 |
28,300 |
177 |
|
2026 |
29,000 |
181 |
|
2027 |
29,750 |
186 |
In addition to the minimum salary, students will generally receive payment for care days, the sixth week of vacation, and the employer’s pension contribution as a supplement to their salary.
The value of the care days and the sixth vacation week amounts to twice 1.92% of the annual salary, while the value of the employer’s pension contribution is 11.65 % — resulting in a total salary supplement of 15.49 %.
Working Hours and Insurance – Students
Furthermore, Finansforbundet has ensured that, as a student, you are entitled to both Dental and Health insurance, and that your working hours must be arranged to accommodate your studies.
If you are required to work outside regular working hours, such as weekends or evenings, you’re entitled to an hourly supplement of 25–75 % of your hourly wage.
REMEMBER!
If you are unsure about your salary or employment conditions as a student, or if you have any questions about the terms, it’s always a good idea to contact your local union representative or Finansforbundet.
Compagny Collective Agreement (CCA) salary systems
Finansforbundet have negotiated Compagny Collective Agreements (CCA) with individual companies that are members og FIDA/A. CCAs typically include their own tailored compagny salary systems. You can see which companies this refers to below.
Finansforbundet Company Collective Agreements (CCA):
Danske Bank (in Danish)
Finanssektorens Uddannelsescenter (in Danish)
Nordea
Velliv kun foreningen af overordnede (FOV) (in Danish)
Ringkjøbing Landbobank (in Danish)
General salary increases and salary pools for CCAs 2025-27
Finansforbundet has agreed that the combined general salary increases and salary pools for the period of 2025- 2027 should at least be the following.
General salary increases CCAs:
- 1,80 % in 2025
- 1,90 % in 2026
- 1,90 % in 2027
Local salary pools CCAs:
The local salery pools must be at least:
- 1.00 % in 2025
- 1,00 % in 2026
- 1,00 % in 2027
If no agreement is reached on local salary pools, 0.60 % of the local salary pools will be allocated as general salary increases to alle employees.
Please contact your local union representative or Finansforbundet if you would like further information about the local salary system in your CCA.
Special Collective Agreements
If you are employed in one of the companies listed below, you are covered by one of Finansforbundet’s Special Collective Agreements. Special Collective Agreements are negotiated with companies who are not members of FIDA/A (The employers association).
Please contact your local union representative or Finansforbundet if you would like further information about the salary system in your special collective agreement.
Finansforbundet have negotiated Special Collective Agreements with the following companies:
FinTech Collective Agreements
Companies who are members of the employers association for FinTech companies (Arbejdsgiverforening for FinTech - (AF) ) are covered by the framework agreement for FinTech companies negotiated between AF and Finansforbundet. In addition to the Framework agreement, Finansforbundet also negotiate a local collective agreement with each company that are a member of AF.
The FinTech company’s salary system or principles for grading salaries is described in the local FinTech collective agreement.
You can see which FinTech companies Finansforbundet has negotiated local collective agreements with below. If you have any questions about the salary system in your local collective agreement, then please contact Finansforbundet or your local union representative.
Finansforbundet has negotiated local FinTech collective agreements with following companies:
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