Italian infrastructure firm, Atlantia, will extend share incentive schemes and bonuses to its employees, which were earlier reserved for the company’s senior management only. Now, all employees will be eligible for the same.
The new employee benefits model will come into effect in 2022. The entire workforce will be entitled to a variable remuneration model that will also include an annual share-incentive plan. This incentive will be given over and above the existing salaries.
The company, with a workforce strength of 31,000, announced the agreement of the new terms with the employee union on December 27.
As per the new incentive plan, the non-executive staff, that is, the blue-collar workers, along with the middle managers and administrative staff, will be able to earn bonuses up to 50 per cent of their fixed pay.
The Company will also revise and expand the corporate benefits to employees. This revision will also include expenses incurred by the employees in looking after an elderly or in paying for the education of their children.
The new model aims to ensure more equal, inclusive and transparent pay for its workforce. There is also a welfare plan and a regulation on the minimum monthly allowance for interns.
Under the hybrid organisational model, staff will come into office for three days and work remotely for two days. It is hoped that these measures will ensure equal economic and career opportunities, promote inclusion and work-life balance, and guarantee equal gender retribution levels.