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3

MAKE INDIVIDUAL AND COLLECTIVE DEVELOPMENT

CENTRAL TO OUR RESPONSIBILITY AS AN EMPLOYER

Through its human resources policy, Amundi tries to foster the growth of its employees, personally and as a group, in order to serve the

performance of the Company. That performance is based on the development of skills and a shared management culture, the promotion of

equal opportunities and a good two-way communications between management and employees. All of these factors are key to effectiveness,

innovation and commitment.

3.1

HR policies

Amundi is a growing group. The mission of the Human Resources

Department is to support the Group’s growth, in all of its human and

functional components. The Group’s human resources policy enables

each employee to find the best fit in terms of job assignment and

skills in response to the business’s needs. Therefore, Amundi puts

the development of individual and collective talent at the centre of

its responsibility as an employer. Amundi’s human resources policy

focuses on five key goals:

p

supporting employee talent within the business by emphasising

performance and encouraging internal mobility;

p

developing a “learning company” through training and skills

transmission;

p

a responsible corporate environment;

p

the respect of the equal opportunity principle to promote various

forms of diversity (disabled, gender equality, senior citizens, young

people, etc.);

p

encouraging a commitment to solidarity among employees.

EMPLOYMENT POLICY

Change in headcount

(1)

As of 31 December 2016, Amundi’s headcount in Full-Time

Equivalents (FTE), excluding joint ventures (JV), was stable and

totalled 3,108.7 employees worldwide, as compared with 3,068.8

employees as of 31 December 2015, an increase of 1.3%.

As of 31 December 2016, two-thirds of Amundi’s workforce was

based in France (excluding joint ventures). Amundi’s European

workforce represented 85.2% of worldwide headcount. Its Asian

workforce represented 12.0% of worldwide headcount.

The total headcount of the Group’s joint ventures was 997.5 FTE

employees as of 31 December 2016, as compared with 931.2 as of

31 December 2015, an increase of 7.1% due to the strong business

growth of our India joint venture.

(1) Managed workforce including in non-consolidated entities.

The table below shows the change in Amundi’s headcount over the last three years:

Headcount (FTE)

31 December 2014 31 December 2015

31 December 2016

Worldwide (excluding joint ventures)

2,987.7

3,068.8

3,108.7

of which the Amundi SEU

(1)

2,095.5

2,097.9

2,106.4

of which international entities

(2)

892.2

970.9

1,002.3

joint ventures

799.0

931.2

997.5

(1) In France, the principal Amundi entities are organised into a social and economic unit (SEU) composed of Amundi, Amundi Asset Management, Amundi

Private Equity Funds, Amundi Immobilier, Amundi Tenue de Comptes, Amundi Finance, Amundi Intermédiation, Amundi IT Services, Amundi Transition

Énergétique, Étoile Gestion, Société Générale Gestion, BFT Investment Managers and CPR Asset Management.

(2) Consolidated and non-consolidated entities.

22

AMUNDI

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2016 Corporate social responsability report

Economic, social and environmental information

Make individual and collective development central to our responsibility as an employer