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TABLE OF CONTENTS
Introduction .......................................................................................... 7 PART I: EMPLOYMENT, WAGES AND LABOUR COSTS IN THE FINANCIAL
SECTOR
1. Employment ...................................................................................... 11 1.1 Trends in employment in Italy and Europe ................................ 11 1.2 Employment by contract type...................................................... 15 1.3 Personnel in the banking sector in Italy ...................................... 16 1.4 Employment by gender in Italian banks ...................................... 18
2. Wages and cost of labour in Italian banks .................................... 21
3. Labour and external competitiveness: a look at the whole picture 23 3.1 Unit labour cost .......................................................................... 24 3.2 Labour cost/total banking income .............................................. 26 3.3 Cost structure .............................................................................. 28 3.4 Labour cost/operating costs ........................................................ 31
3.5 Prof itability ................................................................................ 32 3.6 Domestic banks .......................................................................... 34 3.7 Conclusions ................................................................................ 38
4. Labour and external competitiveness: wages and labour costs
for specific job positions.................................................................. 41
4.1 Wages and labour cost for certain professional positions .......... 41
4.1.1 Positions related to professional areas .............................. 41
4.1.2 Level 1 and 2 managers and senior managers .................. 50
4.2 Conclusions ................................................................................ 57
PART II: LABOUR MARKET AND COLLECTIVE BARGAINING
5. New Developments Regarding the Labour Market and Labour
and Pension Policies ........................................................................ 61 5.1 Measures related to the COVID-19 health emergency .............. 62 5.2 Employment incentives .............................................................. 66 5.3 Supplemental pensions – Iorp II ................................................ 67 5.4 Guidelines for the reform of social safety nets .......................... 67 5.5 Additional labour law provisions in the 2021 Budget Law ........ 68
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