Working for a luxury car manufacturer certainly has its advantages. Not only do you get to brag about your contribution in making some of the world’s most desirable cars, but you also benefit from the company’s generous pay and bonus schemes. As we all know, luxury carmakers have the largest profit margins in the industry and therefore can afford handing out hefty bonuses.
Take Ferrari, for example, whose CEO Luca di Montezemolo announced at the Geneva Motor Show that all company employees would receive a special bonus, linked to the financial results of the three-year period 2010-2012.
This month, each of the 3,000 Ferrari employees received a special bonus equivalent to a month’s pay for each of the three years in question, in which they worked for the company.
Taking into account that the minimum wage at Ferrari is €1,500 ($1,920) – for an employee in the first stages of his professional career, the value of the special bonus amounts to a minimum €4,500 ($5,765), and that’s not all. Next month, all Ferrari employees will also receive a €4,000 ($5,120) competitiveness bonus relating to last year, of which the initial payments were already made in June and October.
“Our company ended 2012 with record results after a triennium of continuous growth. That is down to the extraordinary amount of work you have done,” Montezemolo wrote in a letter to the employees. He added that he wants to hand out another bonus for the next three year period from 2013 to 2015.
By Dan Mihalascu
PHOTO GALLERY
