Salaries & Wages
In Italy, wages and salaries are determined by collective wage agreements. The guaranteed minimum wage is negotiated at the national level; supplementary agreements at the level of the individual provinces and regions, or at the company level (superminimo), may adapt wages to specific economic conditions.
In addition, collective wage agreements provide for seniority bonuses, in the range of € 20 to € 30 per month, which are generally payable every two to three years. Another salary component is severance pay, which is due upon termination of employment. The employer earmarks around one month’s pay every year for this purpose.
Italy’s collective wage agreements are low in relation other European countries and generally lower than in other German-speaking areas. Again, South Tyrol makes up for this disparity, at least in part: the province is clearly in the lead on national income statistics tables.