Employees

In 2014, 232 new employees were hired, mainly accounting for the 9.1% increase in the workforce compared to 2013.

The fundamental elements underlying the Mediolanum Group's competitiveness include its commitment to developing employees with outstanding skills, the active engagement of personnel in processes relevant to them, and a particular focus on the internal communication system to promote a culture of dialogue and the free flow of information. The search for quality-oriented, flexible and highly motivated employees is carried out in complete compliance with the principles of respect and equality .

The Mediolanum Group recruits qualified personnel through a structured process that, following principles of fairness and impartiality, ensures the growth and renewal of skills within the company. Personnel selection is coordinated by the Recruitment and Selection Department, created in Spring 2014. The Department is responsible for finding and selecting new personnel, taking into account set budget limits, management requirements and the recruitment plan. The Recruitment and Selection Department has redeveloped and implemented selection processes for the Bank and for the Group's Italian subsidiaries.

Being competitive in the today's new environment requires the ability to engage with the market in new ways and to overcome all barriers, including within the organisation. In the Organisation Department, a study is under way that will lead to the implementation of the "Digital Workplace." This project is aimed at emphasising how information transparency is one of Mediolanum's values, as well as at increasing information sharing between different corporate levels and individuals by redefining the means of support for internal information flows.

The objectives of the Digital Workplace include: increasing the engagement and contribution of employees; improving the corporate climate and compliance, increasing responsiveness to the requirements of end customers and of the sales network; and being at the forefront in the use of technology to fully embrace smart working practices.

• Size and composition
• Employee benefits
• Mediolanum Corporate University - Employee Training
• Workplace safety

Size and composition

* The data does not take into account 2 senior managers in 2013 and 1 senior manager in 2014, hired on fixed-term contracts for a specific project in the Banca Mediolanum Sales Area.

The Mediolanum Group registered a 9.1% increase in its workforce in 2014, significant when compared to the employment trend in the industry, which decreased by 2.1% in the two-year period 2012-2013 (ABI data**).
In 2014, there was a significant increase in the workforce at management level, with a 17.5% increase in middle managers over previous years. The Mediolanum Group hired highly skilled personnel to support investment in technological and organisational areas.
This year, approximately 53% of the workforce was women, showing a male/female ratio essentially in line with the previous year .

** ABI "2014 Report on Employment in the Finance Industry".