Significant Growth in Productivity Bonus Contracts: Ministry of Labor Reports 30.7% Increase in One Year, Benefiting Over 2.9 Million Workers

Summary:

As of January 15, 2024, there are 9,421 active contracts that foresee performance-based bonuses deposited and active at the Ministry of Labor and Social Policy, showing a 30.7% increase from the same period last year. These contracts benefit 2,907,405 workers. The growth is observed in both company-based contracts (+19.7%) and territorial contracts (+149.4%) over the past year. The average annual value of the bonus is u20ac1,470.56 per beneficiary worker. Efforts to increase productivity, employee participation, and welfare measures are being incentivized through a reduction in taxation from 10% to 5% since 2023.