Universal Registration Document - Fiscal 2024

Introduction

Hiring, excluding acquired companies and staff takeovers
  FISCAL 2024 FISCAL 2023 CHANGE
Employees

Employees

FISCAL 2024

175,385

Employees

FISCAL 2023

164,019

Employees

CHANGE

+11,366

Managers

Managers

FISCAL 2024

9,633

Managers

FISCAL 2023

9,776

Managers

CHANGE

-143

TOTAL TOTALFISCAL 2024185,018 TOTALFISCAL 2023173,795 TOTALCHANGE+11,223

Hiring across the Group rose by +11,223 employees from the previous year, primarily driven by countries seeing strong growth.

Breakdown of departures by reason for permanent contracts (excluding site losses and disposals of activities)
  FISCAL 2024 FISCAL 2023 CHANGE
Resignations (less than 3 months)

Resignations (less than 3 months)

FISCAL 2024

32,766

Resignations (less than 3 months)

FISCAL 2023

35,512

Resignations (less than 3 months)

CHANGE

-2,746

Resignations (after 3 months) ☑

Resignations (after 3 months) ☑

FISCAL 2024

78,399

Resignations (after 3 months) ☑

FISCAL 2023

83,168

Resignations (after 3 months) ☑

CHANGE

-4,769

TOTAL RESIGNATIONS TOTAL RESIGNATIONSFISCAL 2024111,165 TOTAL RESIGNATIONSFISCAL 2023118,680 TOTAL RESIGNATIONSCHANGE-7,515
Decrease in staff

Decrease in staff

FISCAL 2024

57,735

Decrease in staff

FISCAL 2023

55 475

Decrease in staff

CHANGE

+2,260

Retirement and other reasons

Retirement and other reasons

FISCAL 2024

4,642

Retirement and other reasons

FISCAL 2023

4,696

Retirement and other reasons

CHANGE

-54

TOTAL NUMBER OF DEPARTURES TOTAL NUMBER OF DEPARTURESFISCAL 2024173,542 TOTAL NUMBER OF DEPARTURESFISCAL 2023178,851 TOTAL NUMBER OF DEPARTURESCHANGE-5,309

The total number of departures decreased from the previous year because of a sharp decline in resignations, which fell by -7,515 as a result of initiatives deployed to improve employee retention.

The workforce reductions have come mainly from India, where the base workforce of active employees has been reduced.

Employee engagement
  JUNE 2023 JUNE 2021 CHANGE
Number of respondents(1)

Number of respondents

(1)
JUNE 2023

238,721

Number of respondents

(1)
JUNE 2021

207,770

Number of respondents

(1)
CHANGE

+14.9%

Response rate(2)

Response rate

(2)
JUNE 2023

72.9%

Response rate

(2)
JUNE 2021

62.6%

Response rate

(2)
CHANGE

+10.3 pts

Employee engagement rate(3)

Employee engagement rate

(3)
JUNE 2023

82.5%

Employee engagement rate

(3)
JUNE 2021

78.3%

Employee engagement rate

(3)
CHANGE

+4.2 pts

Employee Net Promoter Score(4)

Employee Net Promoter Score

(4)
JUNE 2023

36.4

Employee Net Promoter Score

(4)
JUNE 2021

30.9

Employee Net Promoter Score

(4)
CHANGE

+5.50

% of employees believing that Sodexo values diversity, such as age, gender, culture and origin, religion, sexual orientation and providing opportunities for individuals with disabilities, in the workplace

% of employees believing that Sodexo values diversity, such as age, gender, culture and origin, religion, sexual orientation and providing opportunities for individuals with disabilities, in the workplace

JUNE 2023

86.0%

% of employees believing that Sodexo values diversity, such as age, gender, culture and origin, religion, sexual orientation and providing opportunities for individuals with disabilities, in the workplace

JUNE 2021

83.4%

% of employees believing that Sodexo values diversity, such as age, gender, culture and origin, religion, sexual orientation and providing opportunities for individuals with disabilities, in the workplace

CHANGE

+2.6 pts

% of employees considering Sodexo to be a socially and environmentally responsible company

% of employees considering Sodexo to be a socially and environmentally responsible company

JUNE 2023

83.1%

% of employees considering Sodexo to be a socially and environmentally responsible company

JUNE 2021

80.2%

% of employees considering Sodexo to be a socially and environmentally responsible company

CHANGE

+2.9 pts

(1) Pluxee’s respondents represent 4,576 for 2023 edition and 3,714 for 2021; including them, total Group’s respondents are 243,297 for 2023 and 211,484 for 2021.

(2) The response rate has been adjusted for employees who were not included for specific reasons: activities in order to be sold and site closures, or countries where the Group decided not to prioritize the survey such as Türkiye where the earthquake in February 2023 mobilized the teams, or Chile which was under a general Unions representation renewal. In total, 87% of the Group’s employees were invited to respond to the 2023 edition against 83% in 2021 edition.

(3) Indicator verified to the level of “reasonable” assurance by KPMG in 2023.

(4) Employee Net Promoter Score measures whether employees would recommend Sodexo as a place to work. Calculated by subtracting the share of Detractors from share of Promoters. Results go from -100 to +100.

The engagement rate is a key performance indicator at Sodexo, which is seeking to become one of the companies worldwide that is most valued by its employees.

Every two years, the Group conducts an employee engagement survey, called Voice, in all the countries where Sodexo operates.

The results from Voice are used to refine roadmaps and define detailed action plans at both global and local levels.

Sodexo’s tenth engagement survey, conducted in 2023, tallied a record 238,721 participants, representing a response rate of 72.9% (+10.3 points compared to the 2021 survey).

The employee engagement rate was 82.5%, a +4.2 points increase vs 2021. In addition, the Employee Net Promoter Score (eNPS) rose to 36.4 (+5.5 points versus 2021).

The next engagement survey will be conducted in 2025.