Photo: Ferrari
Most people would gladly work for Ferrari for free, just to brag and maybe get a few gratuitous tshirts. Anybody who's visited the Ferrari factory and museum will attest to a well organized, clean place where everybody wears the same uniform with pride. Ferrari has been voted as a dream employer in Europe on a number of occasions, but the folks who actually do put our 458s and Berlinettas together don't just get apparel, they get huge bonuses year after year.
Since 2013 saw the company's profitability exceed all other years before it, the Maranello firm decided record cash prizes were a good way to celebrate. A statement released recently by the company suggests an all-time high bonus of €4,095 will be awarded. The equivalent of $5,600 will be dropped into everybody's pockets.
To put that into perspective, Ferrari says that any young worker who just joined the company will instantly earn the equivalent of extra 20 percent of his or her annual salary. Sharing the company's success is nothing new in the auto industry, but the "Maranello package" sounds that much tastier. If that bonus is taken to a local Fiat dealership right now, he can drop a 30% down-payment on a brand new 500, Panda or Punto.
It's worth noting that Ferrari didn't actually register record car sales. Last year, the Italian company announced it would scale back production to under 7000 cars a year to preserve their exclusivity and value over time, and this strategy will continue this year and into 2015. Despite selling fewer cars, profits increased 5% which is partly due to their non-carmaking businesses.
Ferrari isn't alone in offering huge incentives to its employees. Porsche, who makes the biggest premium per car sold, have given all of their 13,500 employees a €8111 bonus ($11,196). Volkswagen also announced its permanent contract workforce wold receive €7,200 ($10,000) due to record sales in 2013.
To put that into perspective, Ferrari says that any young worker who just joined the company will instantly earn the equivalent of extra 20 percent of his or her annual salary. Sharing the company's success is nothing new in the auto industry, but the "Maranello package" sounds that much tastier. If that bonus is taken to a local Fiat dealership right now, he can drop a 30% down-payment on a brand new 500, Panda or Punto.
It's worth noting that Ferrari didn't actually register record car sales. Last year, the Italian company announced it would scale back production to under 7000 cars a year to preserve their exclusivity and value over time, and this strategy will continue this year and into 2015. Despite selling fewer cars, profits increased 5% which is partly due to their non-carmaking businesses.
Ferrari isn't alone in offering huge incentives to its employees. Porsche, who makes the biggest premium per car sold, have given all of their 13,500 employees a €8111 bonus ($11,196). Volkswagen also announced its permanent contract workforce wold receive €7,200 ($10,000) due to record sales in 2013.
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