Headcount & Profile of EmployeesThe footprint of AXA’s overall salaried workforce on December 31, 2017 was: 59.1% of salaried workforce in Europe, 21.8% in Asia-Pacific & Middle East, 14.3% in the Americas and 4.8% in Africa.
Employees by category of salaried workforce (open-ended contract only, excluding exclusive distributors)
Workforce DynamicsAXA continued to recruit in 2017 and hired more than 16,500 employees on open-ended contracts (excluding entries due to mergers and acquisitions), of which almost 3,450 were sales employees.
of which 14,803 External recruitments, 1,731 Fixed-term contracts transformed into open-ended contracts, and 232 Entries following mergers and acquisitions
of which 11,084 Resignations, 4,313 Layoffs, 1,573 Departures due to external transfers, and 1,972 Other types of departures
In 2017, total compensation cost amounted to €8.5 billion corresponds to a decrease of 1.6% compared to 2016. On a constant foreign exchange rate basis, total compensation cost increased by 0.2%. Detailed information concerning AXA’s compensation policy is provided in Section 3.2 of the present Annual Report.
Breakdown of Annual gross payroll of salaried workforce (open-ended contract only)
Learning & DevelopmentAXA focuses on delivering global learning experiences to foster a self-learning organization, leveraging on the latest approaches and technologies. The results of AXA's development of employees skills remained high with 84.2% of its employees receiving a training course at least once during 2017. At the same time, the average number of training days per employee was at 3.1 days..
Breakdown of total number of training days by type of training of salaried non-sales force (open-ended contract only)
Breakdown of total number of training days by type of training of salaried sales force (open-ended contract only)
In 2017, the absenteeism rate slightly increased to 4.7%, as well as the sick absence rate at 3.3%. As AXA operates in an environment that generates business through management of capital and financial services (total absenteeism rate due to work-related accidents is 0.1%), the Group does not monitor gravity, severity nor frequency of work-related accidents on a global level.