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LISI 2016 FINANCIAL REPORT
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orientations that were exposed to it in detail as well as the key figures
in this plan. It also took note of the key issues that derived and that
senior management intends to address during financial year 2017.
■■
Nominations Committee:
the Committee met once in 2016.
2.3
I
EMPLOYEES
2.3.1
I
Headcount
2.3.1.1 Registered employees at period end by category
The table below shows the breakdown of Group staff by category:
12/31/2016
12/31/2015
Difference
N/N-1
Management
1,174
1,064
10.3%
Supervisors
895
841
6.4%
Staff and
workers
9,518
9,018
5.5%
TOTAL
11,587
10,923
6.1%
2.3.1.2 Registered employees at period end by division
The table below shows a breakdown of Group staff by business activity:
2016
2015
Difference
N/N-1
LISI AEROSPACE
7,386
7,087
4.2%
LISI AUTOMOTIVE
3,265
3,241
0.7%
LISI MEDICAL
915
573
59.7%
Holding company
21
22
(4.5%)
TOTAL
11,587
10,923
6.1%
Temporary
workers engaged
1,156
680
70.0%
2.3.1.3 Geographic distribution of the head count
The table below shows the breakdown of staff by geographic area:
2016
in % 2015
in %
Africa
354
3.1% 330 3.0%
Asia
945
8.2% 758 6.9%
North American continent
1,916
16.5% 1,589 14.5%
Europe (excl. France)
1,978
17.1% 1,919 17.6%
France
6,359
54.9% 6,318 57.8%
Mexico
35
0.3%
9 0.1%
TOTAL
11,587 100.0% 10,923 100.0%
2.3.1.4 Consolidated turnover 2016
ETPMP* Voluntary departures
Turnover rate
12,757
406
3.18%
* Equivalent full-time average wage.
2.3.2
I
Profit-sharing, incentive and share-based
remuneration
2.3.2.1 Employee incentive
a) Profit-sharing and incentive plan
Profit-sharing
The funds paid out in the form of special reserves for profit-sharing
during the past three years are as follows (in million euros):
2016
2015
2014
5.2
4.8
5.6
Incentive plan
Most of the companies within the Group have an incentive system
allowing employees to participate actively in the Group’s performance.
The methods for calculating the sums involved depend on the criteria
of each company.
b) Group Savings Plan (PEG)
In 2001, the LISI Group created a Group Savings Plan dubbed “LISI en
actions” for its French companies. This plan facilitated participation
in 2001, 2004, 2006, 2010 and 2014 in capital increases reserved for
employees in the sums of €1.47 million, €0.8 million, €1.18 million,
€0.9 million and €1.8 million, respectively.
For other years, the PEG was renewed in the form of a repurchase of
shares.
The levels of voluntary contributions by employees, the profit-sharing
and the extent of profit-sharing plans are set by the Company in
accordance with a schedule.
Benefits granted to employees under the Group Savings Plan are
recorded to the income statement and assessed in accordance with
IFRS 2.
As at December 31, 2016, the “LISI en actions” plan consisted entirely
of LISI shares, for a total of 720,000 shares, and had 2,260 members.
c) Employee shareholding
The percentage of share capital held by the Group’s employees stood
at 1.3% as at December 31, 2016.
2.3.2.2 Share-based compensation
a) Free shares granting plan
As a reward to several employees who have spent the majority of their
working lives employed within the LISI Group, and who have actively
contributed to its development, the Board of Directors, in its meeting
of October 23, 2014, with the permission of the Shareholders’ General
Meeting of April 26, 2012, decided to allocate 2,375 LISI Company
shares, freely and without condition, to one Group employee. At its
Information regarding the company and corporate governance
7