Page 82 - Consolidated Non Financial Statement

Banca Ifis

| 2020 Consolidated Non-Financial Statement
employees, constructed around individual and family needs. These offers, divided into the areas required by the law
(education expenses, supplementary pension schemes, mortgages, healthcare fund, public transportation, leisure time,
and vouchers), have been made available to employees and their relatives, either as a “redemption” or a direct purchase
or payment.

In terms of premiums, a route has been undertaken aimed at fighting the gender pay gap through a careful monitoring
aimed at guaranteeing gender equality. The policies designed to conciliate professional and private life, as well as
welfare in support of family needs, can help reduce the gender pay gap by reducing career interruptions and discontinuity
of female employment.

[GRI 405-2]
Ratio of basic salary of women to men
26
by employee category 2020 2019 2018
Senior managers % 102% 91% 79%

Middle managers % 93% 90% 93%
Clerical staff % 99% 97% 99%

Ratio of remuneration of women to men
27
by employee category 2020
Senior managers % 99%
Middle managers % 92%
Clerical staff % 98%

Concerning the ratio of the basic salary and remuneration of women to men, there is substantial equality within the
Clerical Staff and Senior Managers category and a limited difference for Middle Managers. The analysis also includes
foreign clerical staff employees.

Despite the uncertainty and difficulty of the period, the Group has managed to complete its main projects for the review
of the organisational and governance structure for the current year, with the aim of optimising the business and people
who are a part of it, confirming on the one hand the premiums aimed at withholding resources and protecting the business
competitiveness, and, on the other, at continuing to implement its workforce as per the envisaged hiring plan.

Moreover, no company of the Banca Ifis Group has had to bring forward any temporary lay-off funds, not having adhered
to the support initiatives promoted by the reference segment to cope with the COVID-19 emergency.

Life-work balance
The Banca Ifis Group companies have adhered to the “Bando #Conciliamo”, which, it is hoped, will make it possible
to invest in life-work balance projects. If adhesion to the tender is accepted, the relevant funds will be allocated to
interventions promoting tailored welfare for families. The project initiatives aim to support Group employees who will be
parents in the future, stimulating good practices for the recalibration of family care workloads between the man and the
woman, so as to contribute towards the specific objectives of the tender: the demographic relaunch, the increase in
female employment, the restoration of balance to workloads between men and women, support to families with
disabilities and the protection of health.

26 The calculation excludes the additional amounts paid to workers (e.g. those based on the years of service, bonuses, overtime, additional
indemnity for transport, transfers, etc.)
27 It is specified that for employees who joined from 01/10/2019 onwards, no variable premium has been disbursed insofar as none is envisaged
for the reference year 2019.

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