40
LISI 2012
+
€
11
M
awarded to the employees in
respect of incentive bonuses,
participation and profit-
sharing for 2012
or almost 4% of the total payroll costs of
the Group.
Remuneration
In France, the annual negotiations on salaries resulted
in the award to employees of an average rate of 2.4%,
granted in the form of a general increase on the one hand
and 0.8% of the total payroll cost reserved for individual
increases.
In addition to the increase in the basic salary, the negotia-
tions also allowed for the implementation, in line with the
specificities of each of the plants, measures concerning
minimum salaries, the value of the seniority bonus and
even on the number of days granted for the most long-
standing employees. These changes should be compared
with an inflation rate of 1.3% on a sliding annual basis
over 2012.
In line with previous years, the Group remains attached to
the idea of fair salaries based on employees contributions
and the results obtained. Hence, a significant propor-
tion of salaries is linked to performance and distributed
in particularly via incentive bonuses, participation in the
results and profit-sharing bonuses.
Labor Relations
In addition to strict compliance with the legislation, the
Group pays attention to full social dialogue with the
employees’ representatives, both during meetings of the
works committee (or the single employees’ delegation)
on each of the sites which has such a body, Work Councils
(Blanc Aero Industries and Former), the LISI Group
Committee and the European Committee.
Training actions are also implemented for the local
management in order to make them aware of the impor-
tance of maintaining good quality social dialogue.
Innovation, specific committees meet regularly to discuss
and make progress on the various issues for which they
were formed. This is the case in particular for the comple-
mentary health insurance committee, the male/female
equality committee the future employment and skills
management committee and the training committee.
