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The Economic Crisis and Flexible Pay Structures: The Current Italian Outlook

Journal of Strategic Human Resource Management

Volume 5 Issue 1

Published: 2016
Author(s) Name: Simone Caponetti | Author(s) Affiliation: Adjunct Professor, Labour Law at University of Rome Luiss Guido Carli, Rome, Italy
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Abstract

The author explores an issue of acute contemporary relevance which is fueling a heated doctrinal debate in Italy and regards flexible remuneration or the linking of pay to productivity, performance or quality. It is the authors belief that, as a result of the economic downturn and changing organizational models within companies, at this moment in time there is a growing need for workers to be made more directly involved in their companies overall productivity. This aim can be achieved by tying pay to performance, with remuneration based not on the amount of time spent at work, as has traditionally been the case in Italy, but with a pattern of remuneration based on the efficiency of workers performance, a practice which has until now been infrequently applied.

Keywords: Economic Crisis, Labour Market, Organisational Models, Remuneration, Flexible Remuneration, Rewarding of Productivity

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