SHERIDAN, WYOMING – Jan. 17, 2025 – Ferretti Group, a global leader in the design, construction, and sale of luxury yachts and pleasure vessels, has announced a new agreement with trade union representatives that prioritizes employee well-being and career development. The agreement includes provisions for economic incentives, work flexibility measures, and tools for promoting and upgrading employee career paths.
Employee Well-being at the Forefront
In a world where the lines between work and personal life are increasingly blurred, Ferretti Group is taking steps to support its employees' well-being. The new agreement introduces measures such as part-time work for employees with childcare or eldercare responsibilities and smart working options that allow employees to work remotely for four days a month.
"We understand the indispensable value of our workforce," says a Ferretti Group spokesperson. "This agreement reflects our commitment to supporting our employees' well-being and creating a work environment where they can thrive."
Enhanced Family Leave and Health Benefits
The agreement also provides greater flexibility in family leave, allowing mothers and fathers to take leave on an hourly basis with up to 60% extra INPS social security indemnity for a maximum of six months. Employees can also take advantage of 10 hours of leave per year for healthcare needs.
Economic Incentives and Career Development
In addition to well-being initiatives, the agreement includes several economic incentives. These include an increase in food vouchers, professional indemnity amounts, and the company's contribution to the supplementary social security fund. Employees are also incentivized to allocate part of their performance-related pay to the supplementary social security fund to enhance their retirement benefits.
"We are committed to investing in our employees' growth and development," adds the Ferretti Group spokesperson. "This agreement provides new tools and resources to help our employees advance their careers and reach their full potential."
Gratuities and Performance-Related Pay
To recognize employees' hard work and dedication, the agreement introduces significant increases in gratuities. The holiday bonus will rise to €2,000 from 2025, and the loyalty bonus will be extended to employees with 26 to 36 years of seniority. The base value for performance-related pay will also increase to €4,000 on achieving productivity targets in the 2025-2027 period, resulting in an average increase of over 10%.
A Collaborative Approach
The new agreement is the result of a collaborative effort between Ferretti Group and trade union representatives. Both parties worked together to create an agreement that benefits both the company and its employees.
"This agreement is a testament to the strong relationship we have with our trade union partners," says the Ferretti Group spokesperson. "We are proud to have reached an agreement that supports our employees' well-being, recognizes their contributions, and helps us achieve our shared goals."
Conclusion
Ferretti Group's new contract agreement is a comprehensive package that addresses the needs of its employees in a holistic way. By prioritizing employee well-being, providing economic incentives, and investing in career development, Ferretti Group is creating a work environment where employees can thrive and contribute to the company's continued success.