Cattolica renews its collective employment contract: bonuses linked to to Group profits, “Solidarity Leave” and greater focus on welfare
Cattolica Assicurazioni and trade union representatives have signed the renewal of the Group companies collective employment contract that expired in 2015. The new agreement, which will remain in force until 31 December 2019, foresees the introduction of a series of initiatives designed to strengthen the relationship between workers and the company through a variable bonus system linked to the Group's financial performance. It also aims to improve employee welfare, with particular focus on the ever-pressing theme of reconciling work and private life.
In terms of remuneration, the new contract foresees an incentivising, merit-based collective remuneration policy in line with the Cattolica Business Plan objectives: the bonus system is connected to the Company’s operating profits. Employees, then, are called upon to actively participate in their company’s economic performance and get involved in company life more effectively.
In terms of welfare, the contract includes innovative work-life balance policies aimed at encouraging the creation of a more evolved working environment and reconciling private and professional life, with greater attention paid to employees with disabilities or dependent children in the family. One of the newest developments is the introduction of a “Solidarity Leave” Fund, formed of days of annual leave volunteered by employees, intended for fellow colleagues to use them for serious family health reasons. Newborn and welfare bonuses are also envisaged, to be used for school fee and book expenses, training courses, travel and health reasons, and supplementary pension benefits for Group personnel.