May 12, 2017
Bulletin interne de l'Institut Pasteur
Information on the profit-sharing scheme
With its profit-sharing agreement signed in 2015, the Institut Pasteur offers a remuneration scheme that rewards the individual and collective performance of its employees when all the conditions are fulfilled.
Although this was the case last year – with the award of an individual bonus in respect of 2015 – the trigger threshold ensuring self-funding of the scheme was not reached by the Institut Pasteur this year. This means that no profit-sharing bonuses will be paid in respect of 2016.
A few explanations about the profit-sharing scheme
Profit-sharing is based on a few key principles. It is not automatic (payment of bonuses is not guaranteed but is based on specific targets to be reached), and the scheme must be self-funded.
Two conditions are required to trigger profit sharing and payment of the bonus at the Institut Pasteur:
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a financial lever: the Institut Pasteur must exceed its restated forecast income statement;
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and objectives related to performance criteria must be achieved.
This year, the conditions (namely the trigger threshold ensuring self-funding) were not met. This means that profit-sharing bonuses could not be awarded at the Institut Pasteur.
However, the Institut Pasteur is convinced of the worth of this remuneration scheme for rewarding the collective and individual efforts of staff. An amendment to the profit-sharing agreement should soon be presented for signing by the management and unions, with the aim of adapting a certain number of performance indicators more closely to the research environment and the performance of our institute.
Reminder of the employee savings scheme available to all staff in the company for at least three months
In addition, we remind you that we have an employee savings scheme. All employees who have completed at least 3 months' service with the company are eligible. The scheme, known as the Plan d’Epargne Entreprise (PEE), or company savings plan, enables staff to save in a tax and social security-efficient way. The Institut Pasteur will help you save by topping up your voluntary payments into the PEE with a contribution of up to €500 per annum per employee.