Faced with inflation, major French companies are beginning to announce massive wage increases. After Air France, it is up to Bouygues to act in favor of the purchasing power of its employees.
According to RTL, the group present in construction, telecommunications and the media (TF1) could grant revaluations of 4.5 to 6% for its approximately 70,000 employees. The largest increases would correspond to the lowest salaries (less than 3,000 euros gross per month).
It is about targeting those for whom the rest of life is the lowest in the face of rising prices. “It was our wish because basically, for these employees, the break to live is very important and when we have inflation levels of this level (5.8% in a year), the break to live is the first impacted. It seemed very important. us to focus on this population”, Jean-Manuel Soussan, HRD of the Bouygues group, explains to our colleagues.
Strong salary increase next year
The bonuses, known as “wealth redistribution”, are also due to be paid at the end of September, with the amount unknown.
It must be said that large companies like Bouygues are caught between inflation that erodes the purchasing power of employees, and difficulties in recruiting or retain skills. At the heart of the problem, wages.
In this situation, organizations I do not have any other option to renegotiate salary increases by activating other levers.
According to a study* by the Alixio Group on organizations with more than 50 employees, the increase in the payroll will reach an average of 2.9% for this year.
But it is especially for 2023 that the salary increases will be the strongest. Also according to this study, the average will be +4.3%. Specifically, 35% of the companies will grant an increase from 3 to 4%, 21% from +4 to 5%, 23% from +5 to 6% and 13% will exceed 6%. In short, most companies plan to grant more than a 4% salary increase in 2023, an increase of 60% compared to forecasts for the end of 2021.
first macron
“However, it is one point below the expected inflation (5.8% and more) for most companies,” says Alixio.
At the same time, companies will intensify the use of salary supplements such as increased reimbursements for daily travel expenses (31%) or increased reimbursements for travel expenses (28%).
Macron’s bonus (which is now increased to a maximum of 6,000 euros) should also be widely used by large companies. 52% of them declare that they could use it (the “could” is important), 21% say that they will not use it.
*: Online survey conducted among 100 companies with 50 to 1,000+ employees from mid-July 2022 through the end of August 2022. Respondents: A panel of HRDs and Compensation and Benefits Managers.
Source: BFM TV
