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Philippe Ortelli: “Certain sectors do indeed have difficulty

recruiting” By Milena Radoman

For Philippe Ortelli, President of the Monaco Business Federation (FEDEM), if working in Monaco
remains financially attractive for employees, “the main obstacles to attractiveness remain access
to Monaco and housing for working people nearby.”

EMPLOYMENT and medical benefits, as well as for the neighbouring economic region, significantly
You once stated that Monaco was a “salary stimulating work environment of a small- and higher family allowances, right from the
paradise”. Is this still the case in your medium-sized business network, where you first child, better health cover, a more
opinion and why? know and can interact directly with your boss advantageous basic pension for identical
Yes, Monaco still remains attractive for who often owns the company. Employees careers and for an equal contribution period.
employees in terms of salaries, social benefit from a higher net salary than in the
The government is organising a new
employment forum to boost certain sectors
which are struggling to recruit. Do you
see a decline in the attractiveness of the
Monaco marketplace in a post-Covid and
major-resignation context?
Yes and no. Even though Monaco has
exceeded 55,000 jobs in the private sector,
certain sectors do indeed have difficulty
recruiting. The hotel and catering industry,
construction, digital technology and
certain other industries are particularly
impacted. Our relationship with work has
been profoundly changed by the health
crisis and this is even more true for the
younger generations who are more mobile,
demanding more remote work, and who do
not want to waste more than two hours a
day in traffic jams or frequently-disrupted
public transport to get to Monaco!
This employment forum is a good initiative,
which has generated great enthusiasm, but it
is not enough. The relaxation of certain hiring
conditions is another, as is the development
of teleworking. At the end of 2022, 4,324
employees, or around 8% of private sector
staff , had used it. It is necessary to relax
*
the legal framework to facilitate its use in
a company, without exceeding two days per
week, but allowing these to be freely chosen
to adapt to the constraints of the moment.
This involves an evolution of Law N° 1,429
governing teleworking in Monaco and in
particular the procedure to be respected.
Training is also a factor of attractiveness:
creating specific courses in Monaco for
©Iulian Giurca Caroli Media possible to create pools of young talent.
certain sectors in shortage would make it

As we regularly warn, the main obstacles
to attractiveness remain access to Monaco
and housing for working people nearby.

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