In an announcement recently published on LinkedIn and on its website, Intesa Sanpaolo wrote: “Are you interested in an employment opportunity that combines entrepreneurship and stability? If you’re an ambitious and enterprising wealth manager or financial adviser, Intesa Sanpaolo has an innovative proposal designed just for people like you.” The Italian bank is proposing a novel employment arrangement: workers will spend two days per week at one of the group’s agencies, as an employee on a permanent contract and dealing with high-end private clients; for the rest of the week, they will work under a second contract (contratto di mandato) as an independent financial adviser. Under this second contract, which lasts a period of two years and contains a non-competition agreement, workers will be paid on a commission basis. This “mixed” arrangement allows such workers to have full access to the social benefits that are offered to regular employees of the banking group, such as the pension fund, supplementary health insurance, sickness and maternity leave, and coverage for workplace accidents.
ond contract (contratto di mandato) as an independent financial adviser. Under this second contract, which lasts a period of two years and contains a non-competition agreement, workers will be paid on a commission basis. This “mixed” arrangement allows such workers to have full access to the social benefits that are offered to regular employees of the banking group, such as the pension fund, supplementary health insurance, sickness and maternity leave, and coverage for workplace accidents.
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