The labour market in the Financial Industry (2011 report)


Compensation and labour costs in the Italian & European banking sector

di: ABI

Editore
Bancaria Editrice
Anno
2012
Pagine
124
ISBN
978-88-449-0914-7
Disponibilità
Disponibile
Prezzo di copertina€ 30,00
Prezzo Internet Sconto 5% € 28,50
IVA assolta dall'editore

Presentazione

This is the nineteenth edition of the Report on the labour market in the financial industry, an annual publication of reference for the analysis of the compensation policies, labour costs and some issues related to the European banking sector.
 
In addition to the normal updates and reviews of the national and international comparisons, the report provides an in-depth breakdown of the salient aspects of the compensation systems for main European partners and levels of labour costs and business productivity.
A specific focus is given to the trend and important aspects of the work force and specifically of the female employment in Italy's labour market, comparing such evidence with what is emerging in the Italian and European banking sector.
 
Taking into account the growing importance of Italian banking groups, the report examines the issue of international expansion of the groups, in terms of characteristics of the personnel employed.
 
A snapshot is provide of the main points of interest with reference to the Government's budget packages of July and September 2011 and the master agreements signed by ABI and unions the 8 July 2011 (regulations for the sector's Solidarity Fund) and the 24 October 2011 (contractual aspects – rules for a sustainable contract). Finally, the report analyzes the status of organizational restructuring processes, with particular reference to their impact on the work force at several of Europe's leading banks.
 
This report has been realized by Giancarlo Durante (head of project and co-ordinator), Luigi Prosperetti (scientific consultant) and a group established by the following offices of the Italian Banking Association: Wage Systems and Dynamics, Labour Legislation, Social and Trade-unions issues, Economic and Management Analysis and European Banking Report Observatory (EBR).

Introduction
 
PART I: EMPLOYMENT, WAGES AND LABOUR COSTS IN THE FINANCIAL SECTOR
1. Employment in Italian banks 
2. Employment by type in Italy and Europe
2.1 Employment rate by “gender” in Europe
2.2 Characteristics of banking personnel by gender in Italy 
2.3 Banking employment by gender at a European level 
3. Wages and labour cost in Italian banks 
4. International expansion of Italian banking groups 
4.1 Geographic distribution of the personnel of Italian banking groups
5. Labour and external competitiveness: an overview 
5.1 Labour cost per employee 
5.2 Labour cost in relation to gross income 
5.3 Cost structure 
5.4 Labour cost in relation to operating expenses 
5.5 Cost structure and profitability 
5.6 Regional banks
5.7 Conclusions 
6. Labour and external competitiveness: wages and labour cost for specific job positions
6.1 Wages and labour cost for specific job positions 
6.1.1 Non-managerial positions 
6.1.2 Positions of the 1st and 2nd pay level of managers and senior managers
6.2 Conclusions
PART II: REGULATION OF THE LABOUR MARKET
7. Measures adopted by the Italian government as part of economic-financial packages
8. The solidarity fund in the Italian credit sector – Master Agreement of 8 July 2011 
9. Master Agreement of 24 October 2011 on contractual frameworks
PART III: INNOVATION, RESTRUCTURING AND ORGANIZATIONAL CHANGES: FOCUS AT EUROPEAN LEVEL
10. Profound changes taking place in European banks 
10.1 Reductions in costs and in productive capacity
10.2 The Spanish bank crisis 
10.3 The United Kingdom 
10.4 Conclusions 
Concluding remarks
Methodological Appendix
References