What are the benefits of working in Italy?
Posted on June 23, 2022
- Italy has no particular minimum wage rate in Italy as the wage structure depends on your role or type of job
- According to the agreement, the sectors like hospitality, metalwork, food, or the insurance sector, your wages on hourly bases could be around 7 euros
- Wages of working in an agricultural sector can be €874.65 monthly
- The employees are allowed a minimum of 22 days of vacation and 88 hours of permission according to the 5th year of employment
- The managers are entitled to 30 days of vacation(pro-rated new hires) and 32 hours of permission every year
Italy, also known as Repubblica Italiana, is one of the world’s most prosperous artistic, historical, and artistic heritage. It offers an extensive range of employee benefits, from holiday leave to maternity, vacation, and overtime benefits.
The employees are eligible for many benefits on the first day of employment. Let’s look into the benefits of working in Italy for 2022.
Advantages of working in Italy
Italy is one of the world’s most magnificent countries as its food and culture are widely appreciated. So, it makes it easier to see why most people dream of migrating to Italy.
We have listed a few critical aspects below that will educate you about the benefits of working in Italy:
Italy has no special minimum wage rate as the wage structure depends on your role or type of job. For example, if you work in hospitality, metalwork, food, or the insurance sector, your wages on hourly bases could be around 7 euros according to your agreement. Whereas, if you work in the agricultural industry, your wages can be €874.65 monthly.
Employers are responsible for providing a salary that helps the employee live a decent lifestyle.
The employees in Italy are entitled to be paid for certain local municipal bank holidays and national bank holidays.
The employees are allowed a minimum of 22 days of vacation and 88 hours of permission according to the 5th year of employment. In contrast, the managers are entitled to 30 days of vacation(pro-rated new hires) and 32 hours of permission annually under full-time jobs.
*You may also read…
Italy – Europe’s Mediterranean hub
You will be free to enjoy and experience the benefits of social security once you get the right to reside in the country. These benefits include employment, family, healthcare, disability, old age, unemployment, and more. Owning a social security number is very important to enjoy all these benefits.
The social security number helps you to contribute to the national social security and will repay it to you through other forms of amenities. You can get an SSN (social security number), even if you have applied for Italian citizenship.
The employees can benefit from the workplace voluntarily if their position permits them. This workplace flexibility is scheduled with the manager on one agreement.
The insurance company refunds the expenses supplied based on insurance terms, provided rates, and maximum rates in case of hospitalization. The additional services such as clinic transfer, visits and exams by a specialist, oncology therapies, dental costs, and pre and post-hospitalization fees are paid back up to a specific max, and the premium for the employee is paid for by on semi.
The employees may be eligible to join the complementary pension fund, and the optional employee contribution of 0.55% matches the contribution of 1.55% made by an additional employer. For dirigenti (the highest employee category), the NCA allows the benefits of the private pension through Mario Negri.
The supplementary salary refers to the monthly salary paid during the year. For example, the compensation is delivered in a total of 14 installments. The 13th installment is paid in December and the 14th in June.
Programs and benefits of global incentives:
- Science & technology publications programs
- Patent recognition program
- Bravo, Department and Group Award program
- Science & Technology publications program
Sales Incentive Plan:
The employees with commercial targets are eligible to commission as the target payout is a percentage of the total target compensation.
Corporate Incentive Plan:
The non-sales employees are eligible for the corporate bonus program as the target payout is a percentage of the base salary linked to the pay grade.
Restricted Stock Units (RSU’s):
At some point shortly, a stock grant is a promise to award the actual stock that is subjective to specific requirements along with time requirements.
As no purchase is involved, only the salaried employees who are not liable are eligible with a salary grade of 12 and above.
Worldwide accident insurance:
Worldwide accident insurance is applicable in case of an accident that occurs during a business trip where;
- A lump-sum salary that is 3x more is payable in case of accidental death (limit 1,000,000$)
- A lump-sum amount between 25% & 100% of the compensation is paid out in case of accidental death in the event of disability, where the percentage depends upon the type of disability. This insurance is paid for 100% by on semi.
Available jobs in Italy
In Italy, skilled workers are high in demand and open in various sectors based on your qualifications. For example, if you work in the health sector, you can find work as a nurse, physiotherapist, or doctor. But first, it is essential to complete special qualifications from Italy to understand their healthcare system properly.
A few sectors, such as mathematics, computing, sales, and digital marketing, are high in demand. You need to find a company that requires your skills and offers a high employment package.
Since Italy is also known as a hotspot for tourists all around the globe, so there is a high demand for experts in hotel management and people who wish to work in restaurants and bars. Working in hotels comes with good pay as it includes tips from tourists.
*To get more updates, follow the Y-Axis Overseas blog page…
Many Italians look forward to learning English because of the high number of tourists in Italy. So, there is always a healthy demand for English teachers in schools or private tutors.
Want to work in Italy? Get guidance from Y-Axis, World’s No.1 overseas career consultant
If you found this article engaging, continue to read…