According to the Welfare Index PMI 2024 Report, since 2016 the number of companies that achieved a high or high level of corporate welfare has tripled, from 10.3% to 33.3%, running in the last two years (+8%).
The eighth edition was presented yesterday in Rome Welfare Index PMI Report 2024 in the land of welfare and small and medium-sized Italian businesses, policies promoted Generali Italy with the approval of the President of the Council of Ministers and the
participation of the main Italian Confederations Confindustria, Confagricoltura, Confartigianato, Confprofessioni and Confcommercio.
This year, about 7,000 companies participated in the Welfare Index PMI – more than three times compared to the previous edition – from all production areas, of all sizes and from all over Italy.
the maturity of corporate welfare reached is the main evidence appearing in this year’s report: 75% of Italian small and medium businesses, 3 out of 4 companies, have exceeded the average level of corporate welfare. The number of advanced and advanced SMEs tripled, from 10.3% in 2016 to 33.3% in 2024, an increase of 8% in the last two years. Finally, the number of startup companies has halved
Interests are actually in the acceptance of the measures provided by the collective agreement: from 48.9% to 25.5%.
The lab shows how it is possible to involve SMEs to reform our social welfare system.
The most mature area, with an initial rate of 56.4%, is work-life balance. They follow a short distance health and welfare, welfare and safety, protection of rights, diversity and inclusion society, all with a rate of over 50%. A business initiative to support families for the culture and education of their children, and 10% of businesses are active, taking its first steps.
The 2024 report provides an in-depth analysis to the most influential leader of the social and economic situation in Italy: the third sector, which has 125,000 companies registered in RUNTS (Registration of the third sector). The non-profit sector broadly includes 894 thousand employees, almost 4.7 million volunteers, and generates a profit of 5% of GDP.
The third sector plays two roles in corporate welfare: on the one hand it provides welfare solutions to its employees, on the other hand it works as a service provider and business. The third sector has reached a high and high corporate welfare level of 59.3%, compared to 33.3% of profit-making companies. In almost all regions, participation rates are higher than the SME average. In two areas, which make up the social information of many companies, they reach a high level of approach: in social work towards buyers and suppliers (87.2% against 27.2%) and protection of rights,
differences in participation (82.5% versus 50.4%).
Women drive a significant portion of welfare spending in our country family, which supports 22% of the Italian health care expenditure, 71% of the welfare expenditure for the care of children and the elderly, 16% of the education expenditure. Corporate welfare, by transferring part of this expenditure from the family to the business and changing it from individual to collective, works as a factor in equality.
SMEs reach 11.3 million families with employees, 44% of Italian families, of all social groups, of which 3.2 million are high or very vulnerable. Therefore, they can strengthen their social work by providing targeted support in terms of family situations or the presence of weaknesses related to the need to care for children or the elderly. Also, businesses can be the basis of new local interests because they are spread everywhere in Italy: SMEs with 6 to 1,000 employees,
subject of research, is 661,000.
18% of the surveyed companies are characterized by high welfare, and the highest level of leadership and management, which considers the goal of satisfaction and reputation of the employee as central. These profile companies recognize interests as strategic lever for the support of the company and 81% of them achieve the best results in terms of social interaction (53% higher). The social contract in the company is changing, the spread at all levels of the corporate culture is oriented towards caring for the welfare and unity of the people, and the importance of policies and communication and the participation of those who deal with.
The share of companies increasing in turnover in 2023 grows almost identically to the level of corporate welfare, from 28.8% of those with the first level to 46.5% of those with the highest level. The years following the Covid situation saw a recovery at different speeds among small and medium-sized Italian companies and those with a high industrial interest recorded the strongest growth, both in 2021 and 2022. Compared to the manufacturing indicators, but the translation. Everyone who works and the maximum amount of work of the employee increases almost systematically in the level of well-being, reaching the highest values.
on the part of companies with a high level of corporate well-being: 470 thousand euros in terms of turnover per employee (compared to 193 thousand euros for companies with a first level of well-being) and 29.4 thousand euros in terms of turnover of every employee. (against 10 thousand euros).
Corporate welfare is closely linked to the company’s financial stability: debt, measured as a percentage of turnover, decreases as the level of welfare increases, with a difference of more than five points between households first level jobs (70.3%) and those with higher levels. (64.5%). Also, the most interesting is the analysis of the relationship between the company’s interests and the company’s competitive ability in the international market: on average, the share of the company’s exports is 8%, and it goes from the first level to and the highest level of corporate welfare participates. nearly tripled, from 5% to 14.1%.