- Transparency and meritocracy
- Fixed remuneration
- Variable remuneration
- Company welfare
Transparency and meritocracy
We are committed to fair and meritocratic remuneration
Our corporate Remuneration Policy encompasses the processes that govern remuneration using a Total Reward approach, to value resources fairly and competitively. The result is greater employee engagement and improved business performance.
Our remuneration policy follows the principles of fairness and meritocracy by carefully analyzing and monitoring the gender pay gap and consistency with performance assessment.
Transparent processes are also supported by sharing ad hoc policies/procedures and by using an in-house tool and ad hoc reporting where information, reports, KPIs and workflows can be shared with employees and their managers.
Remunerazione Fissa
Providing stability and competitive remuneration
Our remuneration policy is designed to recognize and reward the role, expertise and performance of employees in line with the Group's Management Model.
We are always careful to keep salaries competitive with external benchmarks, while ensuring equity in-house.
Variable remuneration
We acknowledge the commitment of our human resources through incentives and rewards.
Variable remuneration can be expressed as:
- Individualized incentive plans (MBOs), which reward a person's contribution to the KPIs set for the various categories of employees.
- In recent years, the Pay for Performance culture has led to the increased use of this model, also with innovative and selective approaches.
- One-off amounts as part of the annual salary review process, based on individual performance and behavior.
- Collective incentive tools (Participation Bonus) based on the Group’s profit and production targets.
Company welfare
We ensure employees have maximum flexibility in how they use company welfare.
All or part of the Participation Bonus can be converted into Welfare through a special platform, in accordance with the provisions of the Consolidated Income Tax Act and in-house trade union agreements.
There are also forms of income support or perks such as health insurance, pension funds, and access to special discount schemes.
