#2023-1107Law on Value Sharing in Enterprises
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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.
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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
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
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
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
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
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