Page 14 - Monaco Economy 131

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You were counting on the Employment Forum
to boost Monaco's appeal. What are your
conclusions?
This event undoubtedly helped the region's
attractiveness policy and gave a positive,
dynamic image of its companies. Of the 5,500
participants, 4,582 were job seekers and
over 3,000 candidate profiles were collected
via the Monaco employment website. The
quality of these CVs was very high: just over
20% had a secondary education level such as
baccalaureate and almost 50% had a higher © Direction de la communication
education level such as a bachelor's degree
or beyond. Just under half the applicants had
at least 10 years' experience. Their target Forum de l’Emploi / Job Forum
sectors were the hotel and catering industry,
the health and medico-social professions and teleworking has been effective for Italians social security funds in Monaco and France.
personal services. since 1 June!
st
Many of these candidates already had In principle, we are not going to change our Does this change things completely?
professional experience in the Principality agreements on teleworking with France and There's a choice to be made. Either we want to
and wanted to stay or return to work here. Italy: Monegasque law stipulates that an stick with a model that some people consider
Monaco also attracts employees who live employee can telework 3 days a week from outdated, i.e. that the man is the head of
further and further away: 16% of visitors were France or Italy, but for the last year and a the household; or we re-establish gender
residents of the Principality, which means half, a European directive has authorised equality and men and women are treated in
that 84% came from outside the Principality, teleworking for cross-border workers up to the same way. The simplest solution, and the
including more than 35% from outside the 2.5 days a week. The Monegasque provisions one that is most consistent with the rules of
neighbouring communes, 12.5% from outside are therefore slightly more favourable. In any Europe is to define that the primary basis for
the PACA region and almost 10% from Italy. This case, in my opinion, teleworking more than 2 entitlement is the location of the household
is actually quite logical: the population living or 3 days a week is not enough to maintain and then where the employees work. We are
in Monaco and neighbouring municipalities a satisfactory social link with the company. also working with our French partners on the
cannot be extended indefinitely. The more jobs Teleworkers now account for over 10% of the parallel implementation of a top-up payment
are created in Monaco, the more we have to workforce in the Principality, i.e. 10% of the to enable beneficiaries to receive the best
recruit from further afield... 63,000 employees in the Principality telework possible level of benefits, regardless of the
at least one day a week, compared with 0 in scheme concerned, as also provided for in
How many people were hired as a result? 2016. By way of comparison, in France 30% of principle by the European regulation.
We don't have any definitive figures, as we the workforce are teleworkers, although the
haven't received any feedback from the first national interprofessional agreement in Are you prepared to introduce a special
businesses we approached. I do know that France dates back to 2005... allowance to preserve rights that have been
a major hotel in the Principality took on 10 acquired?
people during the Forum. Other companies What stage have negotiations with France The additional cost for the social security fund
recruited or interviewed within 24/48 hours reached regarding the abolition of the is far from negligible, but it's a price we're
highly specialised profiles which they had concept of head of household and changes prepared to pay if it's the condition for reaching
been looking for some time. Some employers to the family allowance system? an agreement with France. This represents
kept CVs and contacted candidates several Discussions are underway with the French some tens of millions of euros a year. The
months later... All in all, the participants were ministries. The issue is to abolish the concept discussion has now moved down from the
very satisfied, especially with the fact that they of head of household and move towards ministries to the technical departments (CAF
were able to meet a large number of employers European coordination rules for entitlement in France and the Monegasque social security
and also government departments (Social to family allowances. Under this approach, fund). The issue could be resolved by the end
Security and Employment Department) that the primary criterion for a household will no of the year if an agreement is reached quickly.
were there to help them. The next forum will longer be who is the head of household, but
be held on Monday 24 February 2025. where the household is situated. To put it Are you considering raising salaries to
plainly, for a household based in Monaco, as make Monaco more attractive in the face
During Covid, teleworking was established soon as one of the 2 works in Monaco, there of competition from France and Italy? In
and developed. Are you thinking of changing is a potential entitlement to family allowances your opinion, is this the role of employers
the law on teleworking? in Monaco, regardless of gender. The actual or the State?
With the ratification of amendment no. 1 to the entitlement will depend on the coordination Yes, as part of the attractiveness policy,
Italian-Monegasque social security agreement, criteria and cases currently being examined by ideally salaries should be increased. But in

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