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Human Capital & Remuneration Policy

Alongside direct employees, MIFL also utilizes the services of employees in its sister company Mediolanum International Life dac on a shared services basis. Many such persons are involved in the delivery of new fund products given their level of skill and experience in this sector of  In addition, there are up to 70 people employed by our Fund Administrators dedicated to MIFL’s business on a day to day basis through the mechanism of long standing service provision contracts.

 

Talent Management

The company believes that in the current market scenario it is becoming more and more critical to have the capability to maintain and to develop key talent within the organization. The Human Resources department is constantly looking at how we can develop our talent management activities.

We put a lot of emphasis and focus on developing talented people within the organisation who are able to fit our culture and reach our targets. In the current market environment we work using a two-fold approach.

We hire people with the potential to grow and we aim to develop them from both a technical and management skills perspective, or, we hire people that already have a strong technical background, which can be developed from the managerial point of view to fit the company philosophy.

The Approach

In order to develop a solid talent management capability, the company has adopted the following approach.

Our staff recruitment and selection process ensures that those joining MIFL reflect our culture and have the necessary skills to contribute to MIFL’s success, in addition to performing their own specific job to a high level of competence within the organization.

A key factor in the recruitment process is that particular attention is paid to the innovative side of our employees. We aim to develop innovation as a general predisposition. We assess the behaviour of people towards creativity and resilience. We have created an environment in which we stimulate the creativity and risk taking propensities of everyone.

This approach allows the organisation to build up a fertile background in which people can be pro-active in generating new ideas which can ultimately lead to competitive advantage.