Assystem - 2018 Register document
NON-FINANCIAL INFORMATION STATEMENT
A RESPONSIBLE EMPLOYER
At its meeting on 4 July 2018, the Board of Directors used the authorisation granted by shareholders in the 21st resolution of the Annual General Meeting of 16 May 2018 to: ● award 34,250 performance shares to 46 beneficiaries, subject to their remaining a member of the Group between 4 July 2018 and 31 July 2021. These shares will not be subject to any lock-up period; ● award 9,250 free shares to 7 beneficiaries, without any performance conditions, subject only to their remaining a member of the Group between 4 July 2018 and 31 July 2021. These shares will not be subject to any lock-up period. At its meeting on 6 September 2018, the Board of Directors used the authorisation granted by shareholders in the 21 st resolution of the Annual General Meeting of 16 May 2018 to: ● award 1,500 performance shares to 2 beneficiaries, subject to their remaining a member of the Group between 6 September 2018 and 31 July 2021. These shares will not be subject to any lock-up period; ● award 6,000 free shares to 1 beneficiary, without any performance conditions, subject only to their remaining a member of the Group between 6 September 2018 and 31 July 2021. These shares will not be subject to any lock-up period. This information is also disclosed in Note 5.3.3 to the consolidated financial statements on page 114 of this Registration Document. We follow a merit and performance-based compensation policy designed to attract and retain the best talents. Compensation and benefits packages are structured to reward personal investment while also giving significant weight to collective performance. Each year, employees receive a document providing detailed information about their personal compensation package. ACTION PLANS Personalised compensation In addition to their contractual fixed salary, certain employees may receive variable compensation, as follows: ● managers, experts and sales and marketing staff are eligible for an annual bonus based on personal and collective objectives;
● employees may be awarded a performance-based bonus by their manager, as a reward for their hard work, good results or special efforts. Around 35% to 40% of our employees in France receive a performance-based bonus. Following events in France, we decided to pay exceptional bonuses in 2018 to bolster employees’ purchasing power (referred to as Macron bonuses ). These bonuses were paid to eligible employees of our main French subsidiary, AEOS, and two of our other subsidiaries (Assystem Care France and Euro Contrôle Projet) for amounts ranging from €300 to €450 for employees present throughout the year. Collective compensation Assystem has set up statutory profit-sharing schemes at AEOS and Assystem Care France, under which, if payments are made out of the special profit-sharing reserve, they are shared equally among employees who are present throughout the year and on a prorated basis to employees present during only part of the year. Employee benefits Employee benefit plans vary from one country to another, based on local laws and regulations, particularly tax laws. We therefore follow a specific policy in each country. However, employees in all countries are covered by medical insurance. In France (80% of Group employees), part of employees’ health and death/disability insurance costs is paid by the Group and we also provide funding for the Works Councils’ activities for the benefit of employees. In Belgium, the high-quality health insurance plan offered to employees is a valuable benefit that can tip the balance in Assystem’s favour in the competitive job market. Equal pay Our engagement in favour of gender equality is reflected in our pay policy. Specific indicators comparing men’s and women’s average salaries by category and starting salaries for equivalent positions are used to identify any gender pay gaps. The equal payment commitments are set out in a specific agreement that was rolled over in 2018.
REGISTRATION DOCUMENT 2018
Made with FlippingBook - Online Brochure Maker