New agreement on profit-sharing, an integral component of the Institut Pasteur's overall remuneration policy

A new profit-sharing agreement for the period 2020-2023 was signed on January 9 by unions and the Institut Pasteur management team.

 

What is profit-sharing?

• Profit-sharing is a collective remuneration and incentive scheme by which employees can be directly associated with the Institut Pasteur's success. It recognizes collective efforts that contribute to the achievement of our strategic objectives.

Profit-sharing is an integral part of the Institut Pasteur's overall remuneration policy. The scheme is also beneficial in terms of social security contributions and tax.

• Two conditions are needed for the payment of a profit-sharing bonus: a positive result indicating a return to a balanced budget, which provides the funds needed to pay the bonus, and the achievement of three broad performance criteria, simplified and adapted to reflect the Institut Pasteur's priorities.

These performance criteria are weighted as follows within the total amount to be distributed:

- 35% for scientific contributions and applications,
- 25% for the consolidation of financial resources,
- 40% for social and environmental responsibility.

Click here to find out more about the profit-sharing scheme (in French)

 

Who benefits?

The profit-sharing scheme is applicable to all staff that have an employment contract with the Institut Pasteur (fixed-term or permanent, including work-study and dual-education contracts), as long as they have completed at least three consecutive months of service during the financial year.

The introduction of the profit-sharing agreement is subject to the approval of French administrative bodies.

 

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