Value Sharing: What’s in the Bill

Value Sharing Whats in the Bill

It is an agreement signed by four out of five unions, with the exception of the CGT. The national interprofessional agreement (ANI), concluded on February 10, 2023, aims in particular to generalize systems such as profit-sharing, participation and value-sharing bonuses to all companies with more than 11 employees, as well as to develop employee share ownership.

The bill to transpose this agreement signed between employers and unions will be presented Wednesday, May 24 in the Council of Ministers. This was announced on Monday May 22 by the Minister of Labor Olivier Dussopt on France info.

“I will present this Wednesday the text to the Council of Ministers to ensure that the entire agreement is faithfully and fully transposed into law and give this agreement the force of law”, he declared, thus confirming a promise made by the executive. The government is aiming for adoption in Parliament this summer. This text is distinct from the “full employment” bill.

Entry into force from 2025

Taking up the agreement, the bill provides that companies between 11 and 49 employees and which are profitable – whose net profit represents at least 1% of turnover for three consecutive years – set up at least one value sharing from January 1, 2025.

The government retained this date of entry into force because of the context of high inflation, while a parliamentary report recommended, at the beginning of April, an implementation “from 2024”. This generalization of value-sharing devices will have an “experimental character” for five years, according to the bill.

As reminded The cross, the text also perpetuates the “Macron bonus”, which has become a “value sharing bonus” and which may be paid twice a year instead of once. The maximum amount remains fixed at 3,000 euros, or at 6,000 euros if an agreement is signed.

Superprofits: no additional measures

The text will also transcribe the obligation for companies with more than 50 employees to negotiate a way of distributing any exceptional profit, while leaving it up to employers to define such exceptional profit, in accordance with the interprofessional agreement.

The bill is limited to the measures of the agreement between unions and employers and does not include additional measures on “superprofits”, mentioned by Emmanuel Macron at the end of March. The President of the Republic had judged that “there is still a bit of cynicism at work, when you have large companies that make such exceptional income that they end up using this money to buy back their own shares. “. Emmanuel Macron then said that he was going to “ask the government to work on an exceptional contribution” so that “workers can take advantage” of this windfall.

Olivier Dussopt also announced on Monday that the salary negotiation follow-up committee will be meeting on June 14 in order to fight against what is presented as a “smicardisation” of salary grids. Against a background of inflation, the idea is to “relaunch these negotiations and ensure that social dialogue is the most productive”, commented the Minister of Labour. The recent mechanical increases in the Smic have caused a setback in salary scales in many professional branches.

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