The national framework agreement on performance-related pay and company-level welfare in firms without Union representation
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On July 14, 2016 the main Italian social partners - the employers' association Confindustria and the workers trade unions CGIL-CISL-UIL - signed a national framework agreement setting the procedures for extending to firms without union representation the fiscal benefits which the 2016 Stability Law introduced for performance-related pay and occupational welfare provisions envisaged by territorial collective agreements. This note illustrates and briefly comments on the agreement within the relevant institutional and legislative context; it also draws attention to the positions of the parties involved along with a discussion of possible shortcomings in firm-level welfare, particularly concerning the trade-off between immediate and future benefits.
- Performance-Related Pay
- Firm-Level Welfare
- National Framework Agreement
- Territorial-Level Collective Agreements
- 2016 Stability Law