Senate adopts “value sharing” bill

by time news

2023-10-18 00:38:28

After the deputies at the end of June, the senators in turn largely adopted, on Tuesday October 17, the government’s bill on “value sharing” within companies, a faithful transposition of an agreement between unions and employers. Concluded in February, this national inter-professional agreement (ANI) aims to extend schemes such as profit-sharing, participation or value-sharing bonuses (PPV or “Macron bonus”) to all companies with at least 11 employees. .

Read also: Article reserved for our subscribers The National Assembly adopts the bill on value sharing

The Senate, with a majority from the right and the center, adopted the text by 244 votes to 18. A delegation of senators must now find a compromise with the deputies during a joint joint committee (CMP) scheduled for October 30. The communist group voted against, regretting measures which “replace salary increases”. An argument also put forward by ecologists and socialists, who abstained.

The socialist group denounced a remaining text “well below the expectations and needs of employees”. The Minister of Labor, Olivier Dussopt, welcomed a “successful exercise of social democracy”and “guarantee of confidence in social dialogue”.

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“Respect social dialogue”

The Senate nevertheless endeavored to purify the text by returning to several provisions adopted by the National Assembly. In particular, he pushed back by one year, to 2025, the start date of the experimentation of profit-sharing or participation for companies with 11 to 49 employees.

“We limited ourselves to respecting the agreements because we wanted to respect social dialogue”, justified the president (Les Républicains) of the social affairs committee, Philippe Mouiller. Participation is a profit redistribution mechanism, currently compulsory in companies with more than 50 employees, while profit-sharing is an optional bonus linked to results or non-financial performance. These schemes come with tax advantages.

Read also: What is “value sharing in business”, debated from Monday in the National Assembly?

The bill also allows the value sharing bonus to be awarded twice per calendar year instead of once. It also provides that in the event of “exceptional profit”companies with more than 50 employees negotiate its definition and sharing.

The World with AFP

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