In the last few years, in a number of countries a trend towards decentralisation of wage setting has been associated with the increasing use of variable pays and employee financial participation (EFP) schemes to provide an important element of flexibility and more closely links to individual or collective performance. However, this trend has shown great variability across EU economies and, after the adoption of these decentralised agreements, wage settlements have often lagged behind increases in productivity. This chapter explores the Italian case and the experience gained with EFP. Particularly, by using a unique dataset obtained from the ISFOL (Institute for the Development of Workers Professional Training) Employer and Employee Surveys (2005, 2007, 2010), it investigates the effects of EFP in Italian firms comparing its impacts on productivity and wages.
Employee financial participation: Evidence from Italian firms
DAMIANI, Mirella;POMPEI, Fabrizio;
2016
Abstract
In the last few years, in a number of countries a trend towards decentralisation of wage setting has been associated with the increasing use of variable pays and employee financial participation (EFP) schemes to provide an important element of flexibility and more closely links to individual or collective performance. However, this trend has shown great variability across EU economies and, after the adoption of these decentralised agreements, wage settlements have often lagged behind increases in productivity. This chapter explores the Italian case and the experience gained with EFP. Particularly, by using a unique dataset obtained from the ISFOL (Institute for the Development of Workers Professional Training) Employer and Employee Surveys (2005, 2007, 2010), it investigates the effects of EFP in Italian firms comparing its impacts on productivity and wages.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
