Benchmarking Employee Benefits in Italy – 2021

Request Asinta’s Market and Benchmark Insight Report for Italy and get the essential information you need to move forward in your decisions about employee benefits in the country. The report reviews statutory benefits, insured benefits, fringe benefits and perks, plan setup, and onboarding.

The following is an excerpt.

It is common practice to calculate the benefit value on the basis of the annual gross income (AGS), therefore it is important to understand the definition of AGS in Italy.

Remuneration means everything, gross tax withholding, the employee actually receives, in compensation and in his / her benefits on top of the salary. All the elements constituting the salary are of an ongoing (repetitive) nature, including commissions, production bonuses, and any other remuneration (e.g., one-time bonus) and indemnity, even if not of a fixed amount, with the exception of the amount paid as reimbursement of expenses and exceptional emoluments.

 

If you have further questions about benchmarking employee benefits in Italy for 2021, please contact Asinta, and we will connect you with De Besi – Di Giacomo’s local employee benefits consulting experts.