Schneider Electric’s commitment to its employees
Schneider Electric’s people are critical to its success. The Group motivates its employees and promotes involvement by making the most of diversity, supporting professional development, and ensuring safe, healthy working conditions.
Employee health and safety
Fostering talent and competence
Anticipating workforce needs
Employee share ownership
Schneider Electric is convinced that employee share ownership is instrumental in strengthening companies’ capital (both financial and human), and that employee shareholders are long-term partners.
The Group has been building an international employee shareholder base since 1995 that is representative of the Group’s diversity. Employees should hold around 5% of the capital in 2015.
Compensation and Benefits
Schneider Electric is committed to providing a comprehensive compensation and benefits offering that is competitive and cost effective in each market and country in which we operate in order to attract, motivate and retain talent. This policy is based on the principles of fairness, equity and non discrimination.
Schneider Electric rewards employees’ contributions based on a pay-for-performance principle, competitive market positioning and scarcity of skills.
Sustainable development components have been added to the personal performance incentives of all members of the Management Board, the Executive Committee, and the Country Presidents of the main countries. The CO2 reduction target has been taken into account for the performance incentives of Global Supply Chain Management personnel; the reduction in the occupational accidents Severity Rate and in the Medical Incident Rate is taken into account for the performance incentives of managers at industrial sites and logistics centers. The annual long term incentive plan of the Group and the profit-sharing incentive plan in France both integrate a sustainability criterion, defined as the Planet & Society Barometer score.
Social Dialogue and relations
Schneider Electric considers that freedom of association and collective bargaining are fundamental rights and must be respected everywhere. Each year, local HR report the presence of trade unions, works councils and health & safety committees.
Social dialogue is managed at European level through the European Works Council and at Country level by the HR leaders. Schneider Electric applies in all countries the same HR policies and processes regarding career management, training, diversity, health & safety… as well as the Responsibility and Ethics Dynamics program and the “R&ED line” (professional alert system).