For the illimiters there is a performance bonus of up to 1,700 euros which is added to the welfare and benefits package that reaches up to 8,000 euros. illimity Bank SpA has in fact signed an agreement with the trade union representatives, Fabi and Unisin, on the company bonus aimed at enhancing the contribution of the illimiters to the achievement of the objectives set for the bank in 2021, the year in which the ROE was approximately 10 % and the Cost-Income between 65 and 70%. The agreement provides for all employees and managers of all group companies (illimity, neprix and illimity SGR) the possibility of accruing a bonus, in cash or in welfare, recognized in July 2022 which may reach 1,200 euros for employees and € 1,700 for executives. Those who work part time will have a limited and not proportionate reduction in the premium.
Confrontation with trade unions
Marco Russomando, illimity’s head of human resources and organization, explains that the agreement recognizes “the commitment and passion with which the illimiters are contributing and will contribute to the achievement of the group’s objectives. Together, we have created a work environment that fosters the sharing of values and the achievement of results. I am therefore proud to be able to add this agreement to the particularly innovative one of 2020, both signed after a constructive discussion, and oriented towards the generation of value, with trade union representatives ».
Loading…
The 2020 agreement
The agreement follows the second level contract closed in 2020 and is part of the overall strategy of “Reward & Total Value” defined by illimity since its foundation and based on principles of meritocracy, inclusion, growth, partnership, sustainability and constant attention to listening and the well-being of the illimiters. Illimity’s approach was reflected in a series of corporate initiatives as well as in the signing of an innovative second-level contract in 2020 on the issues of welfare, flexible benefits and conciliation. The 2020 agreement created a system in which each illimiter can create his own mix of benefits based on personal and family needs by relying on a contractual “welfare account” that starts at 4,000 euros a year for employees and goes up to 8,000 euros a year for third and fourth level managers), to which the 2021 company bonus is now added.
Il reward & total value
Illimity’s Reward & Total Value strategy is very articulated and provides for a free share ownership plan for all employees, an individual incentive system linked to both qualitative and quantitative business objectives, and to the adoption of behaviors in line with values and leadership model of the Group, a high level of attention to parenting with vouchers on the occasion of births and adoptions and a 20-day leave for new fathers. The company also offers training with personalized courses, a latest generation e-learning platform and scholarships for both illimiters and their children. Furthermore, a smart working agreement has been introduced in 2019 with the recognition of restaurant tickets. even during remote working days.