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