Remuneration and benefits

Feel good to work better: we believe that the well-being of employees is fundamental for them, as people, and for the efficiency of the organization.

We guarantee our people a positive and welcoming working environment. A corporate welfare system attentive to everyone’s needs, aimed at a balanced relationship between private and professional life, flexibility of the work and the certainty of being evaluated in a transparent and fair way are some of the cardinal principles and certainties of the Ifis style.

Transparent assessment of the results achieved

The remuneration and incentive policies that we apply are defined in accordance with the Group’s culture and values, long-term strategies, and prudent risk management policies, consistently with the provisions concerning the prudential control process. The Banca Ifis Group envisages an annual bonus scheme that follows the review of collaborators as well as incentive schemes focused mainly on the sales force.

Our occupational welfare system

We offer employees a comprehensive benefit platform, focusing on care and protection, and a series of welfare initiatives.

The wide range of employee benefits includes:

Supplementary pension fund (supplementary welfare);
Luncheon vouchers;
Company car (if envisaged by corporate regulations);
Shuttle service for transfer workers;
Special-rate mortgages for first home purchases;
Adhesion to inter-banking sports events.

In addition, again for 2020, the Corporate Benefits project has been confirmed: the portal of corporate conventions with special offers and discounts on a wide range of products and services.

Smartworking

When Covid-19 arrived, protecting people’s health became such an important priority that 93% of Banca Ifis employees were enabled to work from home from the very start of the pandemic.

To help employees work from home, the Bank promoted the following:

Digital culture development programs and webinars on how to improve managing home working;
Live streaming on the Bank intranet to involve employees and make them feel participant, motivated and informed on projects and results achieved by the company;
Photographic contests to share photos amongst colleagues, to feel closer in this long period at a distance. Contest topics were: show how work and your daily life can live together, remote meetings, holidays (in Italy) promoting childcare, the company of animals, hobbies;
Production of a daily, in-house newsletter to inform Ifis People about the main national and international news, and important news in the press on projects launched by the Bank.

Employee-satisfaction questionnaire

The last employee-satisfaction questionnaire was on smart working and was created in partnership with SWG, the well-known research institute.

The report, with 70% of employees taking part, showed the high satisfaction level of Ifis People with the emergency smart working period implemented. 93% feel it was compatible with their jobs. All of them feel it is a form of inclusion for those with specific or family-related needs that allows them to manage their work more flexibly. This experience helped employees feel more independent and confident.

Actions taken by the Bank, based on survey answers, were:

Extending the agreement to performing free blood tests for employees and their families;
Extending the health insurance coverage to include Covid-19 expenses;
The start of a partnership with Gympass, a wellness platform enabling, along with enrolment in a network of national gyms, the possibility to exercise with one to one lessons or in a digital classroom;
Perfecting the in-house newsletter that has become a real daily editorial product called “Good Morning Ifis”;
Introduction of a welcome kit for all new employees and sending employees presents, gifts and tickets for events, birthdays and holidays.