AFD_REGISTRATION_DOCUMENT_2017

2

CORPORATE SOCIAL RESPONSIBILITY

Employee information

2.1.1.2 New hires and dismissals External recruitment by the Group on permanent contracts The profiles that are primarily sought remain closely associated with our core activities of technical and financial engineering, knowledge creation (economics and the political sciences)

and sector-based expertise (Healthcare and Education), as well as recurring support and management positions in areas such as risk analysis, internal auditing, project management, management control, back office, etc.). In 2017, the total number of new hires on a global scale was 299bnew employees (227bhead office employees and 72bemployed locally). Group

Head office employees

Locally hired employees

Recruitment

Total

TOTAL

227

72

299

of which French Overseas reserve banks

b

4

4

External departures of Group employees In 2017, the total number of permanent departures worldwide (excluding suspensions of contract) totalled 129 (62bhead office employees and 67bemployed locally) Group

Head office employees

Locally hired employees Total departures Turnover rate

Reasons for departure

Retirement

24

23

47

1.9% 0.4% 1.3% 0.2% 0.5% 0.3% 0.5% 0.2% 5.1%

Voluntary redundancy

7

2

9

Resignation

16

18

34

End of civil servant secondment End of definite-term contract

4

b

4

b

12

12

End of trial period

7 2 2

1

8

Dismissals

10

12

Death TOTAL

1

3

62

67

129

of which French Overseas reserve banks

2

7

b

b

2.1.1.3 Compensation and related changes All of AFD Group’s entities met their obligations regarding the payment of social security charges on the salaries and benefits granted to their employees (head office employees and employees hired locally in offices worldwide).

The percentage of employees on indefinite-term contracts who left the Group remained low. These turnover rates reflect the employee retention policy. Dismissals In 2017, 12bdismissals of which 2bhead office employees and 10blocal foreign country employees following the closure of the Kabul office (in 2016, four dismissals of which one head office employee and three local foreign country staff). Group

COMPENSATION FOR EMPLOYEES MANAGED BY AFD GROUP

Indicator in thousands of euros

2016

2017

Average gross annual salary

72

69.8

AFD ensures that the level of compensation of its employees is competitive and rewarding, both at the head office and in its various offices around the world. Pay practices in force for each market are analysed regularly based on shared principles while also adapting the analysis to different country contexts. In addition, all employees receive a Group-wide bonus (profit- sharing for employees at head office and in the French Overseas Collectivities, and a Group bonus for locally hired employees in foreign countries). The overall compensation of AFD employees also includes a social protection component (health fees, insurance, disability and retirement).

AFD’s insurance fund is subscribed in the form of a Group insurance plan, all contributions to which are made by the employer. It covers not only employees and their dependants, but also retirees and their dependants. AFD’s total social protection plan (healthcare fees, insurance and retirement) also covers locally hired employees in foreign countries. As a result, in 2017ball employees hired in France and locally in foreign offices were covered by social protection mechanisms. These supplement existing systems, where applicable. Group

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REGISTRATION DOCUMENT 2017

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