Salary Increase in France 2023: Key Figures, Eligibility, and Outlook for Employees

2023-07-22 18:50:38

Good news is on the horizon for many French employees. According to a recent survey conducted by Mercer, nearly half of workers in France should benefit from a salary increase in 2023.

This increase in remuneration will concern both general increases and individual increases. In this perspective, we invite you to discover the main data of this study, the conditions of eligibility for the value-sharing bonus and the outlook for employees.

The key figures of the Mercer study

The survey carried out by the Mercer firm reveals that general increases (AG) and individual increases (AI) will be granted to employees in nearly half of French companies. The increase budget will vary between 2.8% and 8%, with an average of 4.95%. As for the value sharing bonus, about 45% to 49% of companies plan to pay it to their employees. The average amount of this bonus will be around 800 euros, a significant increase compared to the 675 euros recorded in 2022.

It is interesting to note that some companies have chosen to increase the mandatory annual negotiations (NAO) in order to better support their employees. This approach reflects a desire to value the work of employees and encourage them to invest in their company.

Eligibility conditions for the value sharing bonus

To be eligible for the value-sharing bonus, employees must meet certain conditions. These include attendance time, compensation, seniority and classification within the company. These criteria make it possible to ensure a fair distribution of the bonus among employees and to recognize the commitment and contribution of each.

It should be noted that individual increases will be aimed at favoring high-performing employees occupying key positions in the company. This means that these increases will not be uniform and will depend on the skills, responsibilities and results obtained by each employee.

The outlook for French employees

This increase in wages scheduled for 2023 is excellent news for French employees. It will improve their purchasing power and enhance their work. For their part, companies will benefit from motivated and committed staff, which will have a positive impact on productivity and competitiveness.

However, it is necessary to remain vigilant as to the possible undesirable effects of these salary increases. In particular, it will be necessary to ensure that inflation does not cancel out the gains made by employees. Furthermore, it will be essential to continue investing in training and skills development in order to guarantee a dynamic and attractive labor market for all.

Ultimately, in 2023, almost half of French employees should benefit from a salary increase, whether general or individual increases. These compensation increases will be accompanied by a value-sharing bonus for a large proportion of employees. Although these measures constitute a positive step forward for the labor market, it will nevertheless be necessary to remain attentive to their consequences on inflation and the competitiveness of French companies.

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