Favorable financial conditions
Denmark is a pioneering country when it comes to strengthening companies’ competitiveness through targeted competence development. By using strategic training planning, Danish companies experience an economic advantage that puts them in a particularly favorable position.
The most striking advantage is that companies get access to course activities completely free of charge via the state’s funding of adult and continuing education.
To emphasize the fine opportunities, the state also provides salary compensation sia SVU (Statens VoksenUddannelsstøtte). The amount currently amounts to DKK 127 per working hours and acts as an additional financial reward for companies that invest in the learning and growth of their employees.
If the company pays into a skills fund, the fund will often pay up to full salary reimbursement. Companies can therefore invest in employees’ skills without incurring direct costs.
This is an incentive for most companies not only to take responsibility for their own employees, but also to contribute to the sector’s overall professional development, as we see, for example, in the offshore and service industry.
In summary, Denmark’s VEU system offers a unique and extremely favorable economic framework for companies that want to position themselves as market leaders through continuous competence development. It is not only an investment in the employees’ future, but also an investment in the company’s sustainability and long-term success.
- All VEU courses are paid for by the state
- The state provides wage compensation of DKK 123.11 per working hours
- The company’s competence fund pays up to full salary per working hours (examined by AOF)