LVMH
2 0 1 9 S o c i a l R e s p o n s i b i l i t y R e p o r t
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environmental concerns. This action represented a total of
21,225 hours of training in 2019, an increase of 5.1% from 2018.
MOBILITY AS A KEY GROWTH DRIVER
There are many pathways within the LVMH Group and
employees are able to take advantage of many career devel-
opment opportunities in France and abroad a core focus
of the Group s HR strategy. Whether people are looking to
change profession or geographic location, mobility helps
to develop talent within the Group, enrich skills and often
increase empowerment.
The annual organizational and talent review helps pinpoint
opportunities for employees to move around the Group. It
is designed to identify talent within the Group and ensure
succession plans are in place for key positions. In 2019, the
process enabled 21,000 employees to assess their perfor- mance and career goals with their line manager. Training
was offered to HR and operational managers in every region
throughout the world to enhance individual appraisals.
Furthermore, the digital tools accessible around the world
via the Group intranet make it easier to manage talent and
empower employees to steer their own career, in particu-
lar the MOVe platform, which collates job vacancies, and
LVMHtalent, which enables employees to share their career
details with HR and express their wishes in terms of training
or mobility.
ATTRACTIVE REMUNERATION
The LVMH Group maintains its appeal with incentivizing
remuneration packages. International benchmarking surveys
take into account factors specific to our different professions and business segments and are conducted on an annual basis
to ensure wages remain well positioned compared with the
rest of the market.
Variable components of remuneration are indexed on the
entity s financial results and the fulfillment of individual
targets to strike the right balance between remuneration and
performance. Each entity has developed initiatives and tools
8,488 m in personnel costs worldwide up 11.9% in 2019, compared with a 1.8% increase in 2018
0.6% year on year increase in the proportion of employees in France earning over 2,251 per month
REMUNERATION IN 2019