Employee share ownership: Strengthening commitment to the L’Oréal adventure
L’Oréal has offered its employees the chance to take a stake in the company’s financial capital via an employee share ownership plan. This is a first in the company’s history, and employees were quick to take up the offer.
First employee share ownership plan
Launched in June 2018, the employee share ownership plan offered all employees the opportunity to purchase L’Oréal shares. This new growth-sharing initiative is aimed at helping employees identify with and support the Group’s strategy, encouraging a share ownership culture and increasing employees’ sense of belonging. Among the 35% of employees who subscribed to the plan, Chloé Goirand, marketing project manager at Giorgio Armani, expressed her delight:
Chloé Goirand
Marketing project manager, Giorgio Armani
“I think this is a powerful, positive and generous initiative, showing how L’Oréal lets us share in its success. It seemed to me quite natural and obvious to buy some shares and seize the financial opportunity. And it has also strengthened my confidence, by involving me even more closely in the Group’s future performance.”
The Group was awarded the Grand Prix CAC All Tradable by the FAS (Fédération française des associations de salariés et anciens salariés actionnaires ) for its plan and for the Group’s “outstanding entry into employee share ownership inside and outside France and its sound international governance.”
A complete social policy ecosystem
The share ownership plan is the latest addition to a series of schemes that have been running for many years, such as the profit-sharing plan, the incentive scheme and the L’Oréal Share & Care programme, which guarantees all employees a minimum level of social protection. This ambitious social policy is a pillar of L’Oréal, whose success stems from strong team spirit, a protective environment and the sharing of the benefits of growth.
