FUNDAE
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FUNDAE (Former Tripartite Foundation) is an entity that collaborates with the Public Employment Service to facilitate workers' access to continuous training courses that contribute to their professional growth. It is a private non-profit entity supervised by the Ministry of Employment and Social Security and audited by the General Intervention of the State Administration and the Court of Accounts, regulated by Royal Decree 395/2007, of March 23. The business organizations CEOE, CEPYME and the unions UGT, CCOO and CIG participate in it.
How is it financed?
It is financed by the collection of professional training quotas that companies and workers contribute to Social Security: 0.6% of the companies and 0.1% of each worker. It is also financed by the European Social Fund and the Public State Employment Service. Each company has a minimum credit of 420 euros per year for the training of its workers.
How do I calculate available credit?
Companies with 1 to 5 workers have a minimum annual credit of 420 euros. For companies with more workers we can make the budget for free.
Can I do the training at 0 cost in my company?
The answer is yes, but only if your company has between 1 and 5 workers. In the event that the workforce is larger, there is a part of the training that the company must assume, but the percentages are small, here is the scale: from 1-5 workers 100% free training from 5-9 workers the company assumes 5% of the cost from 10 to 49 workers the company assumes 10% of the cost from 50 to 249 workers the company assumes 20%.
What to do to recover the money from the training?
The procedure is carried out in a very simple way from the TC1 that the company prepares at the end of each month. With the course invoice and the document delivered by the organizing entity, the corresponding part of the training is recovered, discounting in the following TC1.