2013 AXA Group Human Capital Social Data Report

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2013 AXA Group Human Capital Social Data Report
AXA Group
Human Capital
Social Data Report

2013
2013 AXA Group Human Capital Social Data Report
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                              CONTENT

                                                                                         SOCIAL DATA REPORT 2013          SECTION I
           I. 		 MESSAGE FROM GEORGE STANSFIELD                           1

            Head of Group Human Resources & Group General Counsel

           II. 		 AXA AT A GLANCE                                          3

           III. 		 HEADCOUNT AND PROFILE OF EMPLOYEES                      7

            A. Focus on AXA UK & Ireland                                  14

           IV. 		 WORKFORCE DYNAMICS                                      16

                                                                                                    Message

            B. Focus on AXA Investment Managers                           24

           V. 		 COMPENSATION                                             26

            C. Focus on AXA Life Japan                                    30

                                                                                                       from
           VI. 		 LEARNING & DEVELOPMENT                                  32

            D. Focus on AXA France                                        40

           VII.		WORKING TIME & ABSENTEEISM                               42

            E. Focus on AXA US

           VIII.		 EMPLOYEE RELATIONS
                                                                          50

                                                                          52                         George
                                                                                                    Stansfield

            F. Focus on AXA Northern, Central & Eastern Europe            56

           IX.		 DIVERSITY & INCLUSION                                    58

            G. Focus on AXA MedLA                                         60

           X.		 SOCIETAL RESPONSIBILITY                                   62

            H. Focus on AXA Asia                                          68
           XI.		APPENDIX                                                  70
           		 I. About Social Data Reporting
           		 J. Information on the Company
           		 K. List of entities in consolidation
           		 L. Exchange rate information
           		 M. Process information, Reporting certification & Ratings
           		 N. Notes
           		 O. Find out more                                                                        Head of Group Human Resources
           		                                                                                            & Group General Counsel
2013 AXA Group Human Capital Social Data Report
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                               MESSAGE FROM GEORGE STANSFIELD

                                                                                                                 SOCIAL DATA REPORT 2013   SECTION II

We are in a people business. We compete
in the world of ideas, innovation
and service. The difference between
“surviving” and “winning” is the
difference between having good people
and having really top-rate people in
terms of leadership skills, management
skills and technical expertise.”

                                                                                                                           AXA
In our industry, we compete largely on the basis        3/ Retaining our people over the long-term by
of ideas and service. In this context, people are       empowering and engaging them in the context of an
the key differentiator and the difference between       open, inclusive and collaborative work environment,
“surviving” and “winning” is often the difference       supported by an aligned system of rewards and
between having good people and having really top-       incentives

                                                                                                                       at a Glance
rate people – technical experts, managers and
                                                        All of this needs to be driven by a results-oriented,
leaders. At AXA we spend a great deal of time
                                                        efficient, and modern global HR organization that
focusing on the development of our people with
                                                        provides proactive client service and plays a
a view to developing the outstanding technical
                                                        strategic advisory role for our businesses around
experts, managers and leaders that will give us
                                                        the world.
the edge for tomorrow and ensure the Group’s
sustainable success over the long term.                 Our focus on attracting, retaining and developing
                                                        our people and the need for HR to play a proactive
Our collective Ambition AXA objective is to become
                                                        strategic advisory role become even more critical in
the preferred company in our industry and to build
                                                        the context of the digital revolution which will bring
a distinctive culture of trust and achievement. The
                                                        to us both opportunities and risks. The quality of
engagement and commitment of our employees all
                                                        our people and the culture we build together will be
around the world is essential to reach this goal. In
                                                        the key to our ability to seize these opportunities
HR, our job is all about our people and we focus our
                                                        and to manage these risks.
global efforts and initiatives around three essential
missions:                                               This 2013 Social Data Report provides us with fact-
                                                        based insights into our global employee population,
1/ Attracting top-rate talent in all the various
                                                        the areas where we have made real progress and
countries where we do business so that we are
                                                        the areas where we need to continue to focus
prepared to face challenges of today and tomorrow;
                                                        on over the coming years in order to achieve our
2/ Developing our people on a continuing basis          Ambition AXA objectives and shape our workforce
to ensure that we have the technical expertise,         and culture for the future.
management competencies and leadership skills
that we need to outperform in a highly competitive
and rapidly evolving environment; and                                                  George Stansfield

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2013 AXA Group Human Capital Social Data Report
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                                                          AXA AT A GLANCE   AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                             AXA AT A GLANCE

                                                           Headcount                                                                                                    Headcount of salaried workforce

                                                            EUROPE                                                                                    Country*                                                                     2013         2012
                                                 95,163 headcount                                                                                     France**                                                                    23,582      23,721
                                         (73,476 salaried workforce
                                    & 21,687 exclusive distributors*)                                                                                 United Kingdom                                                              12,074      12,896
                                                                                                                                                      Germany                                                                     10,714      11,099
                                                                                                                                                      Japan                                                                        8,774       8,657
                                                                                                                                                      United States                                                                7,227       7,646
                                                                                                                                                      Belgium                                                                      6,191       6,565
                                                                                                                                                      Switzerland                                                                  4,762       4,800
                                                                                                                                                      Mexico                                                                       4,374       4,465
                                                                                                                                                      Spain                                                                        4,297       4,417
                                                                                                                                                      India                                                                        3,722       3,138
                                                                                                                                                      Morocco                                                                      2,845       2,515
                                                                                                                                                      Italy                                                                        1,947       1,903
                                                                                                                                                      South Korea                                                                  1,867       1,598
                                                                                                                                                      Hong Kong                                                                    1,817       1,807

                      AMERICAS                                          AFRICA             ASIA PACIFIC & MIDDLE EAST                                 Ireland                                                                      1,396       1,381

             17,576 headcount                              4,128 headcount                         40,170 headcount                                   Poland                                                                        982        1,013
     (12,836 salaried workforce                   (3,913 salaried workforce                 (22,644 salaried workforce                                Portugal                                                                      964        1,000
 & 4,740 exclusive distributors*)              & 215 exclusive distributors*)         & 17,526 exclusive distributors*)
                                                                                                                                                      Philippines                                                                   928          846
  AXA’s presence
                                                                                                                                                      Ukraine                                                                       881          862

112,869 salaried workforce on open-ended and fixed-term contracts                                                                                     Turkey                                                                        799          777
in 56 countries and 349 entities (total headcount 157,037 persons)                                                                                    Singapore                                                                     784          738
                                                                                                                                                      Malaysia                                                                      771          714
                                                                                                                                                      Czech Republic & Slovakia                                                     715          722
Europe                                                        65%          Average length of service                      11.4 years
                                                                                                                                                      Indonesia                                                                     644          544
Asia Pacific & Middle East                                    20%          Average age                                    40.9 years
                                                                                                                                                      Hungary                                                                       570          556
Americas                                                      12%          Total payroll                         e7,622 million                       Thailand                                                                      492          417
Africa                                                          3%         Employees trained during the year                  86.5%                   United Arab Emirates                                                          410          398
                                                                                                                                                      Argentina                                                                     382          374
                                                                           Gender parity
                                                                                                                                                     * Sorted by number of salaried workforce with open-ended contract in 2013.
                                                                                                                                                     ** France headcount includes French Polynesia and New Caledonia.
* Source: Group Marketing & Distribution, 2013.

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2013 AXA Group Human Capital Social Data Report
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                           AXA AT A GLANCE

                           Headcount of salaried workforce                                                    SOCIAL DATA REPORT 2013   SECTION III

         Country*                                                                    2013         2012
         Algeria                                                                     367           254
         Brazil                                                                      359           332
         Greece                                                                      352           356
         Mauritius                                                                   328           347

                                                                                                                   Headcount
         South Africa                                                                258           213
         Luxembourg                                                                  237           237
         Saudi Arabia                                                                203           186

                                                                                                                  and Profile of
         China                                                                       183           229
         Romania                                                                     168           162
         Panama                                                                      151           138

                                                                                                                   employees
         Lebanon                                                                     150           150
         Colombia                                                                    142           153
         Canada                                                                      124           116
         Bahrain                                                                     113           107
         Azerbaijan                                                                   95           100
         Taiwan                                                                       91           103
         Cameroon                                                                     85             87
         Senegal                                                                      83             90
         Ivory Coast                                                                  72             74
         Serbia                                                                       69             49
         Oman                                                                         65             63
         Gabon                                                                        63             69
         Australia                                                                    38           113
         Qatar                                                                        27             27
         Chile                                                                        15             20
         Netherlands                                                                  12              6
         Sweden                                                                       10             11
         Austria                                                                       0              1

        * Sorted by number of salaried workforce with open-ended contract in 2013.

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2013 AXA Group Human Capital Social Data Report
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                  HEADCOUNT AND PROFILE OF EMPLOYEES   AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                             HEADCOUNT AND PROFILE OF EMPLOYEES

                                                                                                                                    Headcount and Profile of employees

                                                                                                                                                           GROUP OVERVIEW

                                                                                    —
                                                                                    Pedro
                                                                                    France               Headcount (number of persons) as of December 31                                           2013         2012
                                                                                    Diana                Total headcount of salaried workforce (open-ended and fixed-term contract)            112,869       113,422
                                                                                    Mexico
                                                                                                         Headcount of salaried workforce (a)                                                   108,771       109,362
                                                                                                          Proportion of men                                                                       47.5%        47.7%
                                                                                                          Proportion of women                                                                     52.5%        52.3%
Workforce size                                                                                           Headcount of salaried non-sales force                                                   93,070       93,217
                                                                                                         Executives                                                                               3,350        3,326
AXA’s overall salaried workforce on December 31,
2013, was 112,869 employees (open-ended and                                                               Proportion of men                                                                       73.2%        73.7%
fixed-term contracts), which represents a slight      AXA continued to recruit                            Proportion of women                                                                     26.8%        26.3%
decrease of 0.5%.
                                                      in 2013 and hired more                             Managers                                                                                15,840       15,768
The footprint of AXA’s salaried workforce in 2013                                                         Proportion of men                                                                       59.1%        59.5%
was 65% in Europe (vs. 66% in 2012), 20% in Asia-     than 16,500 employees
                                                                                                          Proportion of women                                                                     40.9%        40.5%
Pacific (vs. 19% in 2012), 12% in the Americas (vs.   on permanent contract.”                            Experts and staff                                                                       73,880       74,123
12% in 2012) and 3% in Africa (vs. 3% in 2012).
                                                                                                          Proportion of men                                                                       42.8%        42.8%
AXA continued to recruit in 2013 and hired more
than 16,500 employees, of which almost 4,800                                                              Proportion of women                                                                     57.2%        57.2%
were sales employees. Out of that total number                                                           Headcount of salaried sales force                                                       15,701       16,145
of hires, nearly 400 persons were re-hires into
                                                                                                          Proportion of men                                                                       52.3%        53.1%
the Company.
                                                                                                          Proportion of women                                                                     47.7%        46.9%
                                                                                                         Profile of AXA employees                                                                  2013         2012
                                                                                                         Average age of salaried workforce                                                          40.9         40.9
                                                                                                          Non-sales force                                                                          40.7          40.8
                                                                                                          Sales force                                                                              41.5          41.5
                                                                                                         Average length of service of salaried workforce                                            11.4         11.5
                                                                                                          Non-sales force                                                                          12.0          12.2
                                                                                                          Sales force                                                                                7.6          7.7
                                                                                                         Disability (open-ended and fixed-term contract)
                                                                                                         Number of employees with disabilities - concerns entities operating in France only         767           809

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2013 AXA Group Human Capital Social Data Report
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                             HEADCOUNT AND PROFILE OF EMPLOYEES   AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                             HEADCOUNT AND PROFILE OF EMPLOYEES

                         Headcount and Profile of employees                                                                                 Headcount and Profile of employees

                                                  FOCUS ON EUROPE                                                                                                  FOCUS ON AMERICAS

 Headcount (number of persons) as of December 31                                           2013         2012        Headcount (number of persons) as of December 31                                           2013         2012
 Total headcount of salaried workforce (open-ended and fixed-term contract)              73,476       75,169        Total headcount of salaried workforce (open-ended and fixed-term contract)              12,836       13,345
 Headcount of salaried workforce (a)                                                     70,614       72,425        Headcount of salaried workforce (a)                                                     12,774       13,244
  Proportion of men                                                                       47.4%        47.6%         Proportion of men                                                                       49.8%        49.9%
  Proportion of women                                                                     52.6%        52.4%         Proportion of women                                                                     50.2%        50.1%
 Headcount of salaried non-sales force                                                   63,181       64,374        Headcount of salaried non-sales force                                                   12,388       12,814
  Executives                                                                              1,925        1,952         Executives                                                                                915           883
  Managers                                                                               10,781       10,821         Managers                                                                                2,076        2,153
  Experts and staff                                                                      50,475       51,601         Experts and staff                                                                       9,397        9,778
 Headcount of salaried sales force                                                        7,433         8,051       Headcount of salaried sales force                                                          386           430
 Average age of salaried workforce                                                          42.5         42.3       Average age of salaried workforce                                                          38.9         39.0
  Non-sales force                                                                          42.6          42.5        Non-sales force                                                                          38.8          39.0
  Sales force                                                                              40.8          40.7        Sales force                                                                              41.5          40.8
 Headcount of salaried workforce based on age cluster                                                               Headcount of salaried workforce based on age cluster
  Salaried workforce aged 66 and more                                                       129           107        Salaried workforce aged 66 and more                                                       117           109
  Salaried workforce aged from 61 to 65                                                   1,698        1,623         Salaried workforce aged from 61 to 65                                                     304           331
  Salaried workforce aged from 56 to 60                                                   7,957        8,284         Salaried workforce aged from 56 to 60                                                     700           714
  Salaried workforce aged from 51 to 55                                                   9,148        9,076         Salaried workforce aged from 51 to 55                                                   1,112        1,145
  Salaried workforce aged from 46 to 50                                                  10,256       10,486         Salaried workforce aged from 46 to 50                                                   1,292        1,350
  Salaried workforce aged from 41 to 45                                                  10,426       10,642         Salaried workforce aged from 41 to 45                                                   1,613        1,683
  Salaried workforce aged from 36 to 40                                                  10,053       10,439         Salaried workforce aged from 36 to 40                                                   1,953        1,995
  Salaried workforce aged from 31 to 35                                                   9,463        9,701         Salaried workforce aged from 31 to 35                                                   2,292        2,327
  Salaried workforce aged from 26 to 30                                                   7,807        8,146         Salaried workforce aged from 26 to 30                                                   2,174        2,375
  Salaried workforce aged 25 and less                                                     3,677        3,981         Salaried workforce aged 25 and less                                                     1,217        1,215
 Average length of service of salaried workforce                                            14.1         14.1       Average length of service of salaried workforce                                             7.8          7.8
  Non-sales force                                                                          14.5          14.5        Non-sales force                                                                            7.8          7.8
  Sales force                                                                              10.3          10.2        Sales force                                                                                7.7          6.4

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2013 AXA Group Human Capital Social Data Report
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                             HEADCOUNT AND PROFILE OF EMPLOYEES   AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                             HEADCOUNT AND PROFILE OF EMPLOYEES

                         Headcount and Profile of employees                                                                                 Headcount and Profile of employees

                                  FOCUS ON ASIA PACIFIC & MIDDLE EAST                                                                                                 FOCUS ON AFRICA

 Headcount (number of persons) as of December 31                                           2013         2012        Headcount (number of persons) as of December 31                                           2013         2012
 Total headcount of salaried workforce (open-ended and fixed-term contract)              22,644       21,454        Total headcount of salaried workforce (open-ended and fixed-term contract)               3,913         3,454
 Headcount of salaried workforce (a)                                                     21,610       20,391        Headcount of salaried workforce (a)                                                      3,773         3,302
  Proportion of men                                                                       47.7%        47.4%         Proportion of men                                                                       40.6%        41.0%
  Proportion of women                                                                     52.3%        52.6%         Proportion of women                                                                     59.4%        59.0%
 Headcount of salaried non-sales force                                                   14,162       13,080        Headcount of salaried non-sales force                                                    3,339         2,949
  Executives                                                                                429           415        Executives                                                                                  81           76
  Managers                                                                                2,582        2,421         Managers                                                                                  401           373
  Experts and staff                                                                      11,151       10,244         Experts and staff                                                                       2,857        2,500
 Headcount of salaried sales force                                                        7,448         7,311       Headcount of salaried sales force                                                          434           353
 Average age of salaried workforce                                                          38.1         38.3       Average age of salaried workforce                                                          32.8         33.1
  Non-sales force                                                                          35.6          35.7        Non-sales force                                                                          33.1          33.5
  Sales force                                                                              42.8          43.0        Sales force                                                                              30.7          30.2
 Headcount of salaried workforce based on age cluster                                                               Headcount of salaried workforce based on age cluster
  Salaried workforce aged 66 and more                                                          8            7        Salaried workforce aged 66 and more                                                          1            1
  Salaried workforce aged from 61 to 65                                                     446           470        Salaried workforce aged from 61 to 65                                                       11            1
  Salaried workforce aged from 56 to 60                                                   1,033           975        Salaried workforce aged from 56 to 60                                                     106            80
  Salaried workforce aged from 51 to 55                                                   1,486        1,485         Salaried workforce aged from 51 to 55                                                     174           160
  Salaried workforce aged from 46 to 50                                                   2,147        1,998         Salaried workforce aged from 46 to 50                                                     153           152
  Salaried workforce aged from 41 to 45                                                   2,841        2,690         Salaried workforce aged from 41 to 45                                                     221           175
  Salaried workforce aged from 36 to 40                                                   3,585        3,421         Salaried workforce aged from 36 to 40                                                     391           281
  Salaried workforce aged from 31 to 35                                                   4,005        3,887         Salaried workforce aged from 31 to 35                                                     805           593
  Salaried workforce aged from 26 to 30                                                   3,887        3,567         Salaried workforce aged from 26 to 30                                                   1,362        1,106
  Salaried workforce aged 25 and less                                                     2,172        1,857         Salaried workforce aged 25 and less                                                       549           534
 Average length of service of salaried workforce                                             5.8          5.9       Average length of service of salaried workforce                                             5.1          5.6
  Non-sales force                                                                            6.1          6.3        Non-sales force                                                                            5.4          5.9
  Sales force                                                                                5.2          5.3        Sales force                                                                                2.9          3.3

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2013 AXA Group Human Capital Social Data Report
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                        FOCUS ON AXA UK & IRELAND   AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                  FOCUS ON AXA UK & IRELAND

                        A. Focus on AXA UK & Ireland

                                                                                                                                      In 2013, the AXA UK & Ireland HR teams partnered
                                                    Karan Hutchinson                                                                       with our business leaders to facilitate change
                                                    AXA UK & Ireland                                                                    and support business results. Creating a culture
                                                    Human Resources Director                                                          of trust and achievement and building the capability
                                                                                                                                          of our people were at the heart of our strategy.”

Priorities                                                  After a full review and consultation, like many other    To build capabilities, AXA Commercial Lines &          Our recognition program, AXA Stars, was re-vamped
Our focus, in 2013, was a culture of trust and              organisations in the UK, we closed the final salary      Personal Intermediary put even more emphasis           with a contemporary and easy-to-use website,
achievement and helping our employees be the                section of the pension scheme, enabling better           on their talent programs. A suite of extremely         providing more flexible award amounts and linking
best that they could be. This priority saw our              management of the risks and costs of the scheme          successful programs was introduced to ensure           nomination criteria to Leadership Dimensions. In
employee engagement score increase, while we                and helping ensure that we remained a robust and         targeted development for various talent pools          2013, over 9,000 eCards were sent, helping to
were cited in The Sunday Times as one of the Best           sustainable business.                                    across the business.                                   foster a culture of recognition.
Big Companies to work for.                                  HR was at the forefront of the UK’s migration to         Meanwhile, the Group Reward team proved their          Wellbeing was also part of continuously building
                                                            ONE. Along with process and policy information in        credentials in an external environment, when the       trust over the year. We moved safety assessments
Projects                                                    Employee Corner, communities were created on             AXA UK Car Scheme won a national award for Best        online, trained local accident investigators
The year 2013 included the delivery of various              topics such as diversity, mentoring and wellbeing        Car and Travel Benefit, thanks to the flexibility of   and trialled new inter ventions for managing
large-scale projects which each had a significant           in order to encourage interaction and collaboration.     the scheme for all employees, regardless of their      psychosocial absence.
impact on our business, employees and culture.                                                                       level or role.
                                                                                                                                                                            In summary, 2013 was a bumper year for HR
                                                            Culture of achievement                                                                                          initiatives and AXA UK & Ireland was a better place
Payroll was brought in-house with the implementa-                                                                    Trust and engagement
tion of MyHR Self Service, a modern and efficient           HR’s business partners played a fundamental                                                                     than ever to work.
PeopleSoft system. Delivering annual savings                role in enabling our entities to be more capable         Much was done to improve the way that new
of £1.5 million per year, the system continues              and efficient. For instance, they suppor ted             star ters are recruited and inducted into the
to enhance our employees’ ability to manage HR              the closure of AXA Wealth’s Bancassurance                company. As well as re-launching the AXA Jobs
records online.                                             business in response to economic, regulatory and         website, an online welcome portal was introduced
                                                            competitive environment changes and conducted            to allow new star ters to access a wealth of
                                                            a review of central functions that will lead to a        information before their first day.
                                                            £15 million reduction in costs by 2015. The result
                                                            was a clearer strategic vision focussed on our
                                                            commercial strengths, employee engagement and
                                                            greater efficiencies.

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2013 AXA Group Human Capital Social Data Report
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                            WORKFORCE DYNAMICS

SOCIAL DATA REPORT 2013   SECTION IV

                                                                                            —
                                                                                       Raghda,
                                                                              Zebunnisa, Emma
                                                                                   and Andrea
                                                                                         Dubai

                                       Mobility and Recruitment                                  The recently-created Centre of Expertise (CEMI
                                                                                                 France – April 2012) continues to provide support

          Workforce
                                       AXA established mobility policy and processes
                                       across its major entities to make business                and exper tise to 75% of AXA employees on
                                       needs immediately visible through global Group-           international assignment within the Group. The
                                       wide posting of available jobs, both internally           CEMI is looking to increase its scope to include
                                       and externally, and to facilitate transfers to align      other regions in 2014.

          Dynamics
                                       resources with AXA’s business priorities. In 2013,        In 2013, revised international mobility policies
                                       following the deployment by AXA in the United             were launched and rolled out globally. The aim
                                       States and Germany in 2012, AXA France, AXA               was to segment the policy to reinforce the purpose
                                       Banque France, AXA Headquarters in Paris, Family          of different types of international assignments
                                       Protect, the Global P&C and AXA Spain launched an         for both the individual and the business as well
                                       extension of the mobility process with the intent of      as provide more tailored support to each type of
                                       fully integrating an external recruitment platform.       assignment.
                                       Also in 2013, AXA redesigned its People In’               In addition, throughout the year, AXA Group
                                       recruitment platform by adapting it to the changing       International Mobility invited about 50 partners/
                                       needs of applicants and integrating it with social        spouses of assignees, located in Paris, to
                                       media (e.g., allowing use of LinkedIn, Viadeo             participate in the International Dual Career Network
                                       or Xing profiles to fill out application forms and        actively, a professional network supported by 13
                                       speed up application processes, leveraging social         international companies, located in Paris. This
                                       networks as well as job boards to post jobs or            initiative is aimed at facilitating each international
                                       keep potential applicants updated of AXA news             employee’s partner’s professional development in
                                       published on LinkedIn, YouTube or Twitter).               their host location.
                                       International mobility remained stable, with about
                                       600 assignments in 2013. The main objectives of
                                       international assignments remain deployment and
                                       development of key expertise and leadership skills
                                       in mature as well as developing markets.

                                                                                                                                                    17
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                            WORKFORCE DYNAMICS   AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                              WORKFORCE DYNAMICS

                                          Workforce Dynamics                                                                             Workforce Dynamics

                                                       GROUP OVERVIEW                                                                             GROUP OVERVIEW

 Movements                                                                2013         2012        Mobility and Employee turnover                                             2013         2012
 Movements of salaried workforce                                                                   Internal mobility rate of salaried workforce                                8.9%        9.1%
 Net headcount evolution (entries versus departures)                     -1,001       -1,421       Turnover rate of salaried workforce                                        15.4%       14.8%
  Entries                                                                16,557      16,161
                                                                                                    Involuntary (layoffs/dismissals)                                           4.0%        3.8%
  Departures                                                             17,558      17,582
                                                                                                    Voluntary (resignations)                                                   9.4%        9.2%
 Movements of salaried non-sales force
                                                                                                    Other reasons (pre/retirements and miscellaneous)                          2.1%        1.8%
 Net headcount evolution (entries versus departures)                      -888        -1,264
 Entries                                                                 11,773      11,324        Turnover rate of salaried non-sales force                                  12.7%       12.3%

  Number of external recruitments                                         9,787       9,432         Involuntary (layoffs/dismissals)                                           3.6%        3.3%

  Number of fixed-term contracts transformed into open-ended contracts    1,473       1,028         Voluntary (resignations)                                                   7.1%        7.1%

  Number of re-hires in the Company                                        370          343         Other reasons (pre/retirements and miscellaneous)                          2.1%        1.9%

  Number of entries following mergers and acquisitions                     143          521        Turnover rate of salaried sales force                                     30.9%        29.8%

 Departures                                                              12,661      12,588         Involuntary (layoffs/dismissals)                                           6.0%        6.4%

  Number of resignations                                                  6,628       6,630         Voluntary (resignations)                                                  22.9%       21.7%

  Number of economic/collective layoffs                                   1,989       1,614         Other reasons (pre/retirements and miscellaneous)                          2.0%        1.8%

  Number of individual layoffs                                            1,374       1,474
  Number of retirements/pre-retirements                                   1,733       1,458
  Number of departures due to external transfers (b)                       726        1,138
  Number of other departures                                               211          274
 Movements of salaried sales force
 Net headcount evolution (entries versus departures)                      -113          -157
 Entries                                                                  4,784       4,837
  Number of external recruitments                                         4,546       4,529                                                               Offering mobility opportunities
  Number of fixed-term contracts transformed into open-ended contracts     121            79
                                                                                                                                                          is part of AXA’s pledge to become
  Number of re-hires in the Company                                          27           30
  Number of entries following mergers and acquisitions                       90         199
                                                                                                                                                          the preferred company for its
 Departures                                                               4,897       4,994                                                               current employees as well as
  Number of resignations                                                  3,591       3,453                                                               displaying a more attractive work
  Number of economic/collective layoffs                                    411          336                                                               environment for those who will
  Number of individual layoffs                                             535          678
                                                                                                                                                          join the Group in the future.”
  Number of retirements/pre-retirements                                    293          263
  Number of departures due to external transfers (b)                         48         242
  Number of other departures                                                 19           22

18                                                                                                                                                                                                19
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                WORKFORCE DYNAMICS   AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                               WORKFORCE DYNAMICS

                                        Workforce Dynamics                                                                                    Workforce Dynamics

                                                 FOCUS ON EUROPE                                                                                     FOCUS ON AMERICAS

 Movements                                                                   2013          2012        Movements                                                                   2013         2012
 Net headcount evolution of salaried workforce (entries versus departures)   -2,180       -1,674       Net headcount evolution of salaried workforce (entries versus departures)    -459         -631
 Entries                                                                     6,057        6,654        Entries                                                                     2,412       2,286
  Number of external recruitments                                            4,839        5,336         Number of external recruitments                                            2,181       2,173
  Number of fixed-term contracts transformed into open-ended contracts       1,047          789         Number of fixed-term contracts transformed into open-ended contracts         93            20
  Number of re-hires in the Company                                            156          199         Number of re-hires in the Company                                           122            91
  Number of entries following mergers and acquisitions                          15          330         Number of entries following mergers and acquisitions                         16             2
 Departures                                                                  8,237        8,328        Departures                                                                  2,871       2,917
  Number of resignations                                                     3,107        3,453         Number of resignations                                                     1,566       1,578
  Number of economic/collective layoffs                                      1,410          993         Number of economic/collective layoffs                                       827          790
  Number of individual layoffs                                               1,224        1,477         Number of individual layoffs                                                288          444
  Number of retirements/pre-retirements                                      1,761        1,429         Number of retirements/pre-retirements                                        64            92
  Number of departures due to external transfers (b)                           541          704         Number of departures due to external transfers (b)                          108             0
  Number of other departures                                                   194          272         Number of other departures                                                   18            13
 Net headcount evolution of salaried non-sales force                         -1,835       -1,108       Net headcount evolution of salaried non-sales force                          -409         -600
  Entries                                                                    4,778        5,221         Entries                                                                    2,374       2,215
  Departures                                                                 6,613        6,329         Departures                                                                 2,783       2,815
 Net headcount evolution of salaried sales force                              -345          -566       Net headcount evolution of salaried sales force                               -50          -31
  Entries                                                                    1,279        1,433         Entries                                                                      38            71
  Departures                                                                 1,624        1,999         Departures                                                                   88          102
 Mobility and Employee turnover                                              2013          2012        Mobility and Employee turnover                                              2013         2012
 Internal mobility rate of salaried workforce                                 7.4%         8.2%        Internal mobility rate of salaried workforce                                10.4%       10.2%
 Turnover rate of salaried workforce                                         10.8%        10.4%        Turnover rate of salaried workforce                                         21.5%       21.7%
 Turnover rate of salaried non-sales force                                    9.6%         9.0%        Turnover rate of salaried non-sales force                                   21.5%       21.7%
  Involuntary (layoffs/dismissals)                                            2.8%         2.4%         Involuntary (layoffs/dismissals)                                            8.7%        9.3%
  Voluntary (resignations)                                                    4.1%         4.3%         Voluntary (resignations)                                                   12.1%       11.6%
  Other reasons (pre/retirements and miscellaneous)                           2.8%         2.4%         Other reasons (pre/retirements and miscellaneous)                           0.7%        0.8%
 Turnover rate of salaried sales force                                       21.0%        21.4%        Turnover rate of salaried sales force                                       21.9%       24.0%
  Involuntary (layoffs/dismissals)                                           11.6%        11.5%         Involuntary (layoffs/dismissals)                                            6.5%        6.1%
  Voluntary (resignations)                                                    7.0%         7.9%         Voluntary (resignations)                                                   15.4%       17.7%
  Other reasons (pre/retirements and miscellaneous)                           2.4%         2.0%         Other reasons (pre/retirements and miscellaneous)                           0.0%        0.2%

20                                                                                                                                                                                                   21
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                               WORKFORCE DYNAMICS   AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                               WORKFORCE DYNAMICS

                                        Workforce Dynamics                                                                                   Workforce Dynamics

                                 FOCUS ON ASIA PACIFIC & MIDDLE EAST                                                                                  FOCUS ON AFRICA

 Movements                                                                   2013         2012        Movements                                                                   2013         2012
 Net headcount evolution of salaried workforce (entries versus departures)   1,152         459        Net headcount evolution of salaried workforce (entries versus departures)    486          425
 Entries                                                                     7,093       6,348        Entries                                                                      995          873
  Number of external recruitments                                            6,357       5,647         Number of external recruitments                                             956          805
  Number of fixed-term contracts transformed into open-ended contracts        419          236         Number of fixed-term contracts transformed into open-ended contracts         35            62
  Number of re-hires in the Company                                           115            77        Number of re-hires in the Company                                             4             6
  Number of entries following mergers and acquisitions                        202          388         Number of entries following mergers and acquisitions                          0             0
 Departures                                                                  5,941       5,889        Departures                                                                   509          448
  Number of resignations                                                     5,195       4,712         Number of resignations                                                      351          340
  Number of economic/collective layoffs                                       159          104         Number of economic/collective layoffs                                         4            63
  Number of individual layoffs                                                279          222         Number of individual layoffs                                                118             9
  Number of retirements/pre-retirements                                       169          165         Number of retirements/pre-retirements                                        32            35
  Number of departures due to external transfers (b)                          125          676         Number of departures due to external transfers (b)                            0             0
  Number of other departures                                                   14            10        Number of other departures                                                    4             1
 Net headcount evolution of salaried non-sales force                          986          119        Net headcount evolution of salaried non-sales force                          370          325
  Entries                                                                    3,818       3,158         Entries                                                                     803          730
  Departures                                                                 2,832       3,039         Departures                                                                  433          405
 Net headcount evolution of salaried sales force                              166          340        Net headcount evolution of salaried sales force                              116          100
  Entries                                                                    3,275       3,190         Entries                                                                     192          143
  Departures                                                                 3,109       2,850         Departures                                                                   76            43
 Mobility and Employee turnover                                              2013         2012        Mobility and Employee turnover                                              2013         2012
 Internal mobility rate of salaried workforce                                13.5%       12.3%        Internal mobility rate of salaried workforce                                 6.0%        5.8%
 Turnover rate of salaried workforce                                         27.4%       26.1%        Turnover rate of salaried workforce                                         13.8%       15.7%
 Turnover rate of salaried non-sales force                                   19.0%       18.4%        Turnover rate of salaried non-sales force                                   13.1%       15.7%
  Involuntary (layoffs/dismissals)                                            2.4%        2.3%         Involuntary (layoffs/dismissals)                                            3.4%        2.6%
  Voluntary (resignations)                                                   16.2%       15.6%         Voluntary (resignations)                                                    8.7%       11.8%
  Other reasons (pre/retirements and miscellaneous)                           0.4%        0.4%         Other reasons (pre/retirements and miscellaneous)                           1.1%        1.4%
 Turnover rate of salaried sales force                                       42.2%       40.6%        Turnover rate of salaried sales force                                       19.4%       15.8%
  Involuntary (layoffs/dismissals)                                            0.4%        0.4%         Involuntary (layoffs/dismissals)                                            5.1%        1.5%
  Voluntary (resignations)                                                   40.1%       38.5%         Voluntary (resignations)                                                   13.2%       13.9%
  Other reasons (pre/retirements and miscellaneous)                           1.7%        1.7%         Other reasons (pre/retirements and miscellaneous)                           1.0%        0.4%

22                                                                                                                                                                                                  23
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                               FOCUS ON AXA INVESTMENT MANAGERS   AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                             FOCUS ON AXA INVESTMENT MANAGERS

              B. Focus on AXA Investment Managers

                                                                                                                                            Our goal is to attract, develop and retain
                                                    Anne-Sophie Curet                                                                      a high-performing and diverse workforce
                                                    AXA Investment Managers                                                              where each person is engaged and empowered
                                                    Human Resources Director                                                              to contribute to the successful achievement
                                                                                                                                                    of our corporate goals.”

Performance Ethics                                          Diversity & Inclusion                                  Ensuring that all generations are represented            Career Development
In 2013, the principles which guide how we assess,          Creating a diverse and inclusive organisation that     in our workforce is another important aspect of          In 2013, we looked for innovative ways to engage
reward and develop employees played a key role in           values differences – for example, different nation-    building a diverse and inclusive organisation.           our employees and support their development. To
helping us achieve our goals. Strong performance            alities, gender, education and personality traits      Accordingly, in 2013, approximately 40 young             that end, we launched “Practice Makes Perfect”,
ethics ensured that the messages and decisions              – was also critical to engaging and empowering         graduates started their careers at AXA IM, while         a no-cost, social learning initiative, in which
related to each employee’s performance were fair,           our people.                                            over 200 undertook work placements. With youth           employees help each other to improve their foreign
consistent and congruent.                                                                                          unemployment running at record highs in many             language skills.
                                                            We have put the concept of unconscious bias at         countries, we can be proud that we kick-started
The AXA IM Management Board once again carried              the centre of our diversity and inclusion strategy,    the careers of young people from over 50 schools.        We also continued to focus on employee mobility
out its annual review of the alignment between              not as an example of best practice, but so our         Our strong ability to attract young talent is no doubt   by offering a series of one day fairs focused on
compensation proposals and performance ratings              people are aware of and mitigate the impact of         down to our ability to work across generations           mobility. “Career Inside” is designed to help
for the top 200 most highly-paid employees. At              bias when making decisions about and interacting       harmoniously.                                            employees gain greater insights into our mobility
the same time, similar reviews were undertaken              with others.                                                                                                    processes and tools, help them prepare for mobility,
across the rest of the organisation. This process is                                                               While we have a global presence in 23 countries,         and learn more about mobility opportunities at
                                                            In 2013, employees were invited to participate in      there are actually about three times as many
just one example among examples of performance                                                                                                                              AXA IM.
                                                            interactive training sessions on unconscious bias,     nationalities represented in our workforce. Again
ethics in action.
                                                            building on the training that was provided to our      dispelling the negative effects of unconscious bias,     As we move into 2014, we will continue to pro-
                                                            senior leadership teams in 2011 and managers           working with colleagues from different cultures          actively adapt our human resource policies and
                                                            in 2012.                                               helped to overturn stereotypes and leveraged the         practices and leverage new tools, such as social
                                                                                                                   business benefits of different ways of thinking          media, to attract, develop, engage and retain a
                                                                                                                   and working.                                             diverse, empowered and talented workforce in
                                                                                                                                                                            all our locations around the globe. Building an
                                                                                                                                                                            organizational culture where all employees can
                                                                                                                                                                            thrive is a collective responsibility and we are
                                                                                                                                                                            confident that everyone at AXA IM is committed to
                                                                                                                                                                            ensuring it remains a great place to work.

24                                                                                                                                                                                                                            25
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                           COMPENSATION

SOCIAL DATA REPORT 2013   SECTION V

                                                                                                                               —
                                                                                                                               Karina
                                                                                                                               Mexico
                                                                                                                               Mark
                                                                                                                               USA

                                      Reward, benefits and compensation
                                      expense
                                      Compensation policy                                  Benefits
                                      AXA’s compensation policy aims to attract, develop   Benefits form a significant part of AXA’s broader
                                      and retain best talents by ensuring that (1) pay     total rewards offer. AXA’s benefits approach is
                                      levels are market competitive, (2) internal equity   primarily country-driven, since employee benefit
                                      relies on differentiated individual and collective   plans can vary significantly between countries due
                                      performance and (3) pay-outs are affordable and      to different levels of social benefits provision and

Compensation
                                      in line with company’s financial results.            diverse tax and legal regulations. AXA’s policy is
                                                                                           to target benefits coverage at the median of the
                                      Consequently, remuneration levels are set taking
                                                                                           relevant market and encourage flexible benefits
                                      into account local market conditions along with
                                                                                           schemes, as this allows employees to choose the
                                      company financial and operational results.
                                                                                           set of benefits they perceive as high-value.
                                      Performance management is a key component
                                      to the overall rewards policy which fosters and
                                      recognizes individual and collective superior
                                      achievements.
                                      In 2013, total compensation cost was e7.62
                                      billion, which corresponds to a decrease of 1.6%
                                      compared to 2012. On a comparable Foreign            Performance management
                                      Exchange basis, the total compensation cost
                                      increased by 0.95%.                                  is a key component
                                                                                           of the overall reward policy
                                                                                           which fosters and recognizes
                                                                                           individual and collective superior
                                                                                           achievements.”

                                                                                                                                            27
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                          COMPENSATION   AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                     COMPENSATION

                                                                                                                                                             Compensation

                                                                                                           Compensation                                                                 2013        2012
                                                                                                           Compensation costs of salaried workforce in Million € (c)                    7,622      7,744
                                                    —                                                      Annual gross payroll in Million € (Europe)                                   5,333      5,400
                                                    Courtney
                                                                                                            Proportion of fixed pay (related to wages) of salaried non-sales force       88%         88%
                                                    and Ornella
                                                    France                                                  Proportion of variable pay (related to wages) of salaried non-sales force    12%         12%
                                                                                                            Proportion of fixed pay (related to wages) of salaried sales force           67%         69%
                                                                                                            Proportion of variable pay (related to wages) of salaried sales force        33%         31%
                                                    Benefits should include a competitive insurance        Annual gross payroll in Million € (Americas)                                 1,348      1,357
                                                    coverage (the nature and type of which may vary
                                                                                                            Proportion of fixed pay (related to wages) of salaried non-sales force       62%         66%
                                                    by entity depending on local competitive and
                                                    cost considerations). In all cases, local minimum       Proportion of variable pay (related to wages) of salaried non-sales force    38%         34%
                                                    requirements are respected (and generally               Proportion of fixed pay (related to wages) of salaried sales force           29%         29%
                                                    exceeded to a large degree) for a majority of AXA
                                                                                                            Proportion of variable pay (related to wages) of salaried sales force        71%         71%
                                                    employees across all geographies.
                                                                                                           Annual gross payroll in Million € (Asia Pacific / Middle East)                876         931

Following the 2013 “SharePlan                       “SharePlan” program                                     Proportion of fixed pay (related to wages) of salaried non-sales force       83%         84%
                                                    Through its “SharePlan” program, the Group              Proportion of variable pay (related to wages) of salaried non-sales force    17%         16%
program”, AXA’s employees hold                      encourages employees to become AXA                      Proportion of fixed pay (related to wages) of salaried sales force           38%         38%
7.03% of the Company’s capital and                  shareholders. Offered internationally for the first
                                                                                                            Proportion of variable pay (related to wages) of salaried sales force        62%         62%
                                                    time in 1994, each year “SharePlan” gives AXA
9.10% of the voting rights.”                        employees an opportunity to acquire shares at          Annual gross payroll in Million € (Africa)                                     64           55
                                                    preferential prices.                                    Proportion of fixed pay (related to wages) of salaried non-sales force       82%         82%
                                                    In 2013, this offer was made in 38 countries and        Proportion of variable pay (related to wages) of salaried non-sales force    18%         18%
                                                    22,000 employees participated to the program for        Proportion of fixed pay (related to wages) of salaried sales force           69%         77%
                                                    a total of e293 million in subscriptions.
                                                                                                            Proportion of variable pay (related to wages) of salaried sales force        31%         23%
                                                    Employee shareholders represented 7.03% of the
                                                    outstanding share capital and 9.10% of the voting
                                                    rights as of December 31, 2013.

28                                                                                                                                                                                                       29
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                          FOCUS ON AXA LIFE JAPAN   AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                       FOCUS ON AXA LIFE JAPAN

                           C. Focus on AXA Life Japan

                                                                                                                                         In 2013 our key focus was on fostering a culture
                                                    Takashi Tanemura                                                                    of trust and achievement. We found that the best
                                                    AXA Life Japan                                                                      message for ensuring employee engagement and
                                                    Human Resources Director                                                          trust was to prove our consistency, inclusiveness and
                                                                                                                                        integrity in creating and implementing actions.”

AXA Life Japan entered the Japanese market                  We found that the best message for ensuring              Diversity and inclusion have also been priorities        And to further strengthen the competency and
in 1995. Since then, we have grown into an                  employee engagement and trust was to prove               that we have been working on for several years           capability of each individual, we need to create a
organization of more than 8,000 employees with              our consistency, inclusiveness and integrity in          past. From being one of the worst-, we have now          stronger learning and development culture. To build
a growing market presence. Since 2010, we                   creating and implementing these actions. One             become one of the best-rated companies in the            the framework that enables our employees to grow
have gradually been creating a fundamental HR               good example was to involve all employees in             employment of people with disabilities and we are        further and give their best will be a main focus in
framework to make AXA a “great place to work.”              defining and taking action on creating a “good           now frequently cited as a role model. In 2013,           the coming years.
Examples include a new grading system, focusing on          place to work.”                                          we received an award in the workforce category
                                                                                                                                                                              In order to achieve this, our role at HR will be
meritocracy and performance, annual organizational                                                                   of the “Asia-Pacific Disability Matters Awards” in
                                                            AXA Life Japan’s Scope engagement score (AXA’s                                                                    both diverse and exciting – to win the trust of our
reviews and a culture transformation governance                                                                      recognition of our wide range of actions, particularly
                                                            internal employee survey) increased to 69 points,                                                                 people and become a true strategic partner to the
model (Culture Council) to promote a culture of trust                                                                in ensuring the employment and empowerment of
                                                            in 2013. Considering that this was an increase of                                                                 business!
and achievement.                                                                                                     persons with hearing impairments.
                                                            10 points from a low of 59 just 3 years ago, I am
                                                            proud to say that we are steadily heading in the
2013 Priorities                                             right direction.                                         2014 and beyond
In 2013, our key focus was on fostering a                                                                            We still have a long road ahead of us.
                                                            Our culture transformation journey began with top
culture of trust and achievement at all levels of
                                                            management – leading by example in their daily           With the aging population, mid-to-long-term
the organization. Through the cross-divisional
                                                            actions. This has been cascaded down all levels          workforce planning is key to the sustainability
network, created at the Culture Council, and with
                                                            of the organization, with employees participating        of our company. A comprehensive approach to
strong sponsorship by our executive team, we
                                                            in culture workshops implemented nationwide.             recruitment of new graduates, creation of an
implemented actions focusing on “breaking silo,”
                                                            In 2013, the focus was on middle management,             environment where our senior employees are also
“build to grow,” “building trust,” “employer of
                                                            with training to ensure that they would be               able to give their best and further enhancement
choice” and “work life balance.”
                                                            well-equipped to implement the performance               of women’s roles in the workforce are critical to
                                                            management process. The 360°evaluation format            ensure our continuous growth.
                                                            was implemented for these managers to provide
                                                            them with better opportunities for self-development
                                                            and, in turn, team enhancement.

30                                                                                                                                                                                                                               31
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                        LEARNING & DEVELOPMENT

SOCIAL DATA REPORT 2013   SECTION VI

                                                                                             —
                                                                                   Philippe and
                                                                                          Louis
                                                                                         France

      Learning                         Training, Learning and Development

         &
                                       AXA’s skills development result remained high with         engage with and experience the company’s
                                       86.5% of its employees receiving a training course         products. AXA is aiming to increase and spread
                                       at least once during the year. At the same time,           further this understanding across the organization,
                                       the average number of training days per employee           in 2014, to provide even more support for its
                                       remained stable at 3.3 days.                               business, seizing new as well as ser vice

    Development
                                                                                                  opportunities as fast as possible.
                                       Throughout 2013, the AXA continued to deploy
                                       a common developmental experience in all AXA               Moreover, a corporate structure, AXA University,
                                       entities across the world under the “Learning@             is entrusted with providing AXA’s leaders a place
                                       AXA” banner. Five initiatives were deployed, set           to focus on Group challenges and leadership
                                       to strengthen consistency in Human Resources               practices and values, exchange ideas and build
                                       development at AXA and instil a strong sense of            strong networks through well targeted development
                                       belonging to a global company. More in detail,             and competence-building opportunities. Training
                                       initiatives (1) boosting technical know-how, (2)           programs are structured around two broad themes:
                                       raising business acumen among non-experts
                                       to foster cross-functional collaboration and
                                       reinforce employee affiliation through a consistent
                                       on-boarding experience, (3) the enhancement
                                       of leadership development along AXA’s talent
                                       pipeline, (4) better preparing leadership to have a
                                       more positive impact on the organization and drive
                                       required change and (5) aligning key management            AXA University, a corporate
                                       practices, thus enabling a desired culture shift.
                                                                                                  structure, is entrusted with
                                       Also in 2013, Learning and Development teams
                                       played a key role in supporting AXA’s commitments          providing AXA’s leaders a place
                                       to innovation, digital culture and multi-access
                                       by designing and delivering programs such as
                                                                                                  to focus on Group challenges and
                                       “AXA Digital Leaders”. These programs targeted             leadership practices through well
                                       AXA’s executives and aimed to create a common
                                       understanding of how emerging technologies
                                                                                                  targeted development.”
                                       transform AXA’s business and the way customers

                                                                                                                                                   33
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                     LEARNING & DEVELOPMENT   AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                      LEARNING & DEVELOPMENT

                                                                                                                                                                      —
                                                                                                                                                                      Mary
                                                                                                                                                                      USA
                                                                                                                                                                      Yves
                                                                                                                                                                      France
The 2013 Dow Jones Sustainability Indices confirm AXA as one
of the industry leaders in the dimensions of “human capital
development,” with a rating 34 points above the industry average,
and of “talent attraction and retention,” with a rating 29 points                                                                                                                                  —
above the industry average.”                                                                                                                                                                       Pierre-Albert
                                                                                                                                                                                                   France
                                                                                                                                                                                                   Gloria
                                                                                                                                                                                                   Mexico

(1) professional “colleges” (which build specific       It also helps build and share a robust and solid                                                              “Employer brand” and graduates
technical skills for families of professions, such as   talent pipeline to ensure the right staffing around                                                           Since 2013, AXA has been deploying its employer
Finance, Risk, Operational Excellence, IT, Human        the globe. Furthermore, OTR offers a chance to                                                                brand via print and social media, starting in eight
Resources, and Marketing) and (2) experiences           discuss career paths, development plans and                                                                   countries: France, Germany, the Gulf States,
dedicated to the development of the leadership          prepare for the next move (including international     During 2013, 64,500 employees                          Indonesia, Mexico, Singapore, Switzerland and the
capabilities of AXA’s leaders. The emphasis             mobility) for key people. AXA also uses this
is on driving innovation through learning and           process to review its structure and people from        were already making use of                             United States. This initiative consistently partners
                                                                                                                                                                      closely with the corporate brand with a view to
development by encouraging reflection, enabling         the perspective of the Group’s global business         AXA’s PeopleSoft platform for                          building a strong employer brand that will boost
knowledge sharing and instituting learning as a         lines and their respective areas of expertise.                                                                pride of belonging to AXA among current employees
continuous process. To achieve that mandate, AXA
                                                        A performance management standard has
                                                                                                               performance management.”                               and will help to attract and retain the right talent,
University partners with experts both within AXA                                                                                                                      needed to build on the company’s “Ambition AXA”
                                                        been established to ensure that the Group’s
and with some of the world’s leading institutions                                                                                                                     strategy. The project will also ensure AXA’s visibility
                                                        performance-based pay policy and evaluation of
and business schools, such as Wharton, IMD,                                                                                                                           on external platforms, fostering a coherent and
                                                        training needs run efficiently. During 2013, 64,500
CEDEP and INSEAD.                                                                                                                                                     attractive digital presence on career websites and
                                                        employees were already making use of AXA’s             In 2012, it was simplified and adjusted for all AXA
                                                        PeopleSoft platform for Performance Management         employees and, in 2013, it was embedded into           social networks, in particular, LinkedIn.
Talent attraction and retention                         (38,000 employees in 2010). The Group also             all performance and talent management-related
                                                                                                                                                                      In 2013, AXA ranked 71 st in the Universum’s
Performance and talent management                       delivered a multidimensional performance               processes.
                                                                                                                                                                      Global Top 100 most attractive employers among
AXA conducts organization and talent review             appraisal platform, “AXA 360”, to all entities. A                                                             business students and 1 st among insurance
                                                                                                               Furthermore in 2013, a Global Banding project was
processes (OTR), which are systematic reviews           total of 1,750 executives and managers have gone                                                              companies.
                                                                                                               initiated to identify consistent groups of employees
of its organizational structure, challenges and key     through this process.
                                                                                                               (Bands) who have the same level of impact and
positions. The process is designed to identify the
                                                        An AXA leadership framework defined the skills         competencies, to strengthen global affiliation and
potential of key people, taking into consideration
                                                        that were expected from the Company’s leaders to       to accelerate a consistent way to manage and
their performance and leadership behaviours.
                                                        meet AXA’s challenges and achieve its ambition.        develop AXA’s employees at each level across
                                                        Until recently, it only concerned senior managers.     the world.

34                                                                                                                                                                                                                        35
AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                   LEARNING & DEVELOPMENT   AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                     LEARNING & DEVELOPMENT

                                                                                                                                               Learning & Development

                                                                                                                                                           GROUP OVERVIEW

                                                                                 —                            Learning & Development                                                               2013         2012
                                                                                 Francine                     Number of training days of salaried workforce (d)                                341,924.6   276,179.1
                                                                                 France
                                                                                 Daniel                        Percentage of salaried workforce having received at least one training course      86.5%        83.2%
                                                                                 Mexico                        Average number of training days per salaried workforce                                3.3           2.6
                                                                                 Alanna
                                                                                                              Total number of training days of salaried non-sales force                        227,201.6   214,467.6
                                                                                 USA
                                                                                                               Proportion of “Leadership, management and culture” trainings                       16.2%        15.6%
                                                                                                               Proportion of “Technical Excellence” trainings                                     58.3%        51.4%
                                                    Furthermore in 2013, 115 high-potential graduates
                                                    were recruited worldwide on graduate programs.             Proportion of “Transversal skills” trainings                                       25.6%        33.1%
                                                    Since 2012, AXA has successfully implemented               Percentage of salaried non-sales force having received
                                                                                                                                                                                                  84.7%        80.8%
                                                    the AXA Global Graduate Program; recruiting                at least one training course
In 2013, AXA ranked 71st in the                     graduates in risk management, actuarial and
                                                                                                               Average number of training days per salaried non-sales force                          2.5           2.4
                                                    finance departments, where there has been an
Universum’s Global Top 100                          ongoing business need to recruit.                         Total number of training days of salaried sales force (d)                        114,723.0     61,711.5
most attractive employers among                     The objective of the program is to attract and retain      Proportion of “Leadership, management and culture” trainings                        2.7%          3.4%
                                                    high-potential talent and support them in order to
business students and 1st among                     gain the skills necessary to become AXA’s future
                                                                                                               Proportion of “Technical Excellence” trainings                                     36.8%        67.6%

insurance companies.”                               leaders. In 2013, following 2 months of targeted           Proportion of “Transversal skills” trainings                                       60.5%        28.9%
                                                    communication in selected schools and universities         Percentage of salaried sales force having received
                                                                                                                                                                                                  84.7%        80.8%
                                                    in Asia and Europe, 855 applications were received         at least one training course
                                                    (vs. 320, in 2012). The 24 to 30 months program
                                                                                                               Average number of training days per salaried sales force (d)                          7.5           4.0
                                                    offers graduates a local, permanent contract, a
                                                    high-quality induction program, including a business
                                                    acceleration conference at AXA’s international
                                                    headquarters in Paris, and the opportunity to have
                                                    one international rotation in another AXA entity,
                                                    with the aim for graduates to return to their original
                                                    entities, following their assignments overseas.
                                                    In 2014, several existing actuarial programs in Asia
                                                    and Europe are now also aiming to align with this
                                                    Global Program.

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AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                            LEARNING & DEVELOPMENT   AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                            LEARNING & DEVELOPMENT

                                  Learning & Development                                                                                Learning & Development

                                  FOCUS ON EUROPE AND AMERICAS                                                              FOCUS ON ASIA PACIFIC & MIDDLE EAST AND AFRICA

 Learning & Development (Europe)                                             2013         2012         Learning & Development (Asia Pacific & Middle East)                         2013         2012
 Number of training days of salaried workforce                           166,622.6   185,736.5         Number of training days of salaried workforce (d)                       116,902.4     41,515.9
  Percentage of workforce having received at least one training course      85.0%        81.5%          Percentage of workforce having received at least one training course      89.6%        84.8%
  Average number of training days per salaried workforce                       2.4          2.6         Average number of training days per salaried workforce                       5.6           2.1
 Total number of training days of salaried non-sales force               129,181.1   140,581.5         Total number of training days of salaried non-sales force                47,477.0     28,129.4
  Proportion of “Leadership, management and culture” trainings              15.1%        14.1%          Proportion of “Leadership, management and culture” trainings              19.2%        30.8%
  Proportion of “Technical Excellence” trainings                            51.6%        47.2%          Proportion of “Technical Excellence” trainings                            68.8%        41.7%
  Proportion of “Transversal skills” trainings                              33.3%        38.7%          Proportion of “Transversal skills” trainings                              12.0%        27.5%
  Average number of training days per salaried non-sales force                 2.1          2.2         Average number of training days per salaried non-sales force                 3.5           2.2
 Total number of training days of salaried sales force                    37,441.6    45,155.1         Total number of training days of salaried sales force (d)                69,425.4     13,386.4
  Proportion of “Leadership, management and culture” trainings               4.8%          4.1%         Proportion of “Leadership, management and culture” trainings               0.4%          1.4%
  Proportion of “Technical Excellence” trainings                            89.3%        83.1%          Proportion of “Technical Excellence” trainings                             4.1%          9.3%
  Proportion of “Transversal skills” trainings                               5.9%        12.8%          Proportion of “Transversal skills” trainings                              95.5%        89.4%
  Average number of training days per salaried sales force                     5.0          5.5         Average number of training days per salaried sales force (d)                 9.5           1.9
 Learning & Development (Americas)                                           2013         2012         Learning & Development (Africa)                                             2013         2012
 Number of training days of salaried workforce                            29,654.4    26,147.8         Number of training days of salaried workforce                            28,745.1     22,779.0
  Percentage of workforce having received at least one training course      89.6%        92.0%          Percentage of workforce having received at least one training course      89.4%        83.5%
  Average number of training days per salaried workforce                       2.9          2,4         Average number of training days per salaried workforce                       8.7           8.0
 Total number of training days of salaried non-sales force                27,170.4    25,955.8         Total number of training days of salaried non-sales force                23,373.1     19,801.0
  Proportion of “Leadership, management and culture” trainings              26.8%        13.9%          Proportion of “Leadership, management and culture” trainings               3.6%          6.4%
  Proportion of “Technical Excellence” trainings                            45.0%        63.9%          Proportion of “Technical Excellence” trainings                            89.2%        78.1%
  Proportion of “Transversal skills” trainings                              28.2%        22.1%          Proportion of “Transversal skills” trainings                               7.2%        15.4%
  Average number of training days per salaried non-sales force                 2.7          2.4         Average number of training days per salaried non-sales force                 8.0           7.7
 Total number of training days of salaried sales force (e)                 2,484.0        192.0        Total number of training days of salaried sales force                     5,372.0      2,978.0
  Proportion of “Leadership, management and culture” trainings              31.6%          8.3%         Proportion of “Leadership, management and culture” trainings               4.8%          2.4%
  Proportion of “Technical Excellence” trainings                            35.7%        80.2%          Proportion of “Technical Excellence” trainings                            93.8%        94.7%
  Proportion of “Transversal skills” trainings                              32.7%        11.5%          Proportion of “Transversal skills” trainings                               1.4%          2.9%
  Average number of training days per salaried sales force (e)               30.1           3.0         Average number of training days per salaried sales force                   13.7          10.9

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AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                            FOCUS ON AXA FRANCE   AXA GROUP HUMAN CAPITAL - SOCIAL DATA REPORT 2013                                          FOCUS ON AXA FRANCE

                               D. Focus on AXA France

                                                                                                                                            Our ambition at AXA France is to become
                                                    Marine de Boucaud                                                                    the preferred service company. We are engaged
                                                    AXA France
                                                    Human Resources Director                                                            in a transformation in which we further engage,
                                                                                                                                                develop and empower our people”

Business transformation                                     modern, it provides efficient tools in line with       A competency framework for customer service             The charter, called “Our Commitment to Work
AXA France is a leading player in property and              candidates’ current lifestyles and expectations.       was developed and guidelines for managers and           Better Together” (French: “Charte pour Mieux
casualty insurance, protection & health and group           Accessibility has been reinforced, making the          employees were deployed. New training programs          Travailler Ensemble”), signed by the members of
savings. Over 33,000 people (including distributors         user experience easy for anyone on any device          for managers and employees were initiated,              the AXA France executive committee, promotes
and tied agents’ employees) work for AXA France             (smar tphone, tablet computer and others).             including an innovative workshop which gathered         respectful management practices, better work-life
bringing services and peace of mind to 9 million            Candidates can now apply through Viadeo and            together sixty managers with cross-functional           balance and best practice, regarding Blackberry
customers.                                                  LinkedIn. AXA now has stronger presence in social      responsibilities.                                       usage and new technologies. This charter was
                                                            media which helps candidates to identify relevant                                                              rewarded with a Golden Argus in April 2013. In
Operating in a highly competitive market, AXA               job oppor tunities and company information                                                                     addition, significant progress was made in offering
                                                                                                                   Learning and Development
France’s ambition is to promote customer centricity,        quickly.                                                                                                       flextime and telecommuting opportunities.
accelerate development in high-growth market                                                                       As every year, the Learning and Development
segments (Protection & Health and Professionals)                                                                   team delivered trainings programs for 85% of            AXA France is officially certified for the Equality
and reinforce and/or maintain technical profitability.
                                                            Customer centricity                                    the employee population, such as on-boarding            Label and the Diversity Label, which acknowledge
Initiatives have focussed on promoting innovative           The year was marked by a focus on fostering            programs or technical and sales trainings. In June      our diversity policy and rigor. Two specific measures
products and services, modernizing distribution             customer centricity throughout the Company, with       2013, the AXA France sales force training program       came out of that commitment: (1) a budget has
networks, accelerating multi-access channels,               the launch of a program called “Esprit de Service”     won the best Business Training Program Award            been allocated to reduce gender-based pay gaps
renewing management tools and focussing on                  (Service Mindset) sponsored by Nicolas Moreau.         from Cegos. It offers seven months of sustained         and (2) attention has been focussed on identifying
customer relationship management.                           Managers across 20 regional sites were invited to      and dynamic training, through both online and           high-potential women in order to entrust them with
                                                            participate in a special live video event dedicated    in-class sessions to best equip our sales force in      leadership roles within the Company. In addition,
Employer Brand and recruitment                              to “Service Mindset” in November 2013.                 advisory sales competencies.                            Mix’iN (a cross-entity diversity forum) celebrated its
                                                                                                                                                                           first year of existence, in May 2013. The network
With a renewed employer brand campaign and                  Several achievements came out of 2013. A
                                                                                                                   Diversity & Work environment                            holds quarterly events (conferences, breakfast
the launch of a new recruitment website last                complete study of the quality level at customer
                                                                                                                                                                           sessions, roundtables, etc.) and boasts 800
November 2013, AXA reinforced its attractiveness            service was led in two operational departments.        AXA France acts on every front to promote diversity
                                                                                                                                                                           members including one third of men.
and footprint as a major employer in the French             Based on the diagnosis and benchmark, a specific       and to ensure fair treatment for all employees.
insurance market. The website includes a sourcing           action plan was defined to help up-skill teams         Beyond compliance with legal obligations, we strive     AXA pursued its commitment to gender diversity,
platform, shared by AXA Group Solutions, AXA GIE,           to deliver better service and increase customer        to nurture a diverse and inclusive organization where   signing a convention with the French government and
AXA Banque and AXA Global P&C. Interactive and              satisfaction.                                          all employees feel fully engaged and empowered.         partnering with 27 other international companies.

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