Employment & Labor

#2023-1107Law on Value Sharing in Enterprises

🇫🇷France··Other·High Impact·View source ↗

AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.

🇬🇧 English

This law introduces measures for promoting equality between women and men in the workplace by encouraging negotiations on job classifications and sharing value among employees. It mandates an evaluation of workplace diversity efforts and establishes participation schemes in companies earning profits. Additionally, it allows for the sharing of exceptional profit increases with employees through bonuses or participation plans over a five-year experimental period.

AI-generated summary. May contain errors. Refer to official sources for legal decisions.

Key Changes

  • Mandates negotiations for job classification revisions by 2023
  • Establishes requirements for diversity assessments and improvement proposals by 2024
  • Allows exceptional profit sharing methods over a five-year experimental period

Obligations

What this law requires

high

Open negotiations to examine the necessity of revising job classifications to promote gender equality and job diversity in sectors that have not conducted such examination in more than five years, by December 31, 2023

Sector branches and professional organizations
operational
high

Establish and submit a report by December 31, 2024 on sector actions promoting job diversity, including proposed actions to improve company support in achieving diversity objectives

Organizations bound by sector conventions or professional agreements
reporting
high

Open negotiations by June 30, 2024 for establishing a participation regime derogating from the equivalence rule of employee benefits, or within 15 days of request by a representative employee organization if employer does not initiate

Sector branches
operational
high

Implement one of the following by the fiscal year following three consecutive years of net fiscal profit ≥1% of turnover: a participation regime, profit-sharing scheme, employee savings plan with company contribution, or value-sharing bonus

Companies with at least 11 employees not already required to have participation schemes and meeting profit thresholds
operational
high

Ensure that value-sharing bonuses and participation payments do not have wage character and are excluded from social security contribution bases, and cannot substitute existing remuneration elements

All employers implementing participation or profit-sharing schemes
prohibition

Affected Parties

EmployersEmployees+1 more…

Tags

value sharing,workplace equality,participation schemes