2023 UNIVERSAL REGISTRATION DOCUMENT

General and financial elements

At 31 December 2023, VINCI’s workforce consisted of 54,728 managers (19.6% of the workforce) and 224,538 non managers (80.4% of the workforce). The percentage of female staff remained stable at 16.8% in 2023, while the proportion of women managers increased to 23.1% in 2023 from 22.2 % in 2022 (see paragraph 1.5, “Inclusion and diversity”, pages 206 to 209, on the objectives and actions concerning the role of women in the Group).

Workforce at 31 December 2023 by category, gender and business line(*)
non-inclus 2023 2022 2023/2022
  VINCI Autoroutes VINCI Airports Other concessions VINCI Energies Cobra IS VINCI Construction VINCI Immobilier and holding cos. Total % Total Change
Managers 1,158 1,840 607 19,689 4,905 25,477 1,052 54,728 19.6% 48,663 +12.5%
Men 703 1,216 414 15,499 3,679 20,075 505 42,091 76.9% 37,873 +11.1%
Women 455 624 193 4,190 1,226 5,401 547 12,636 23.1% 10,789 +17.1%
Other - - - - - 1 - 1 0.0% 1 -
Non-managers 4,355 10,734 1,765 77,225 35,889 93,906 664 224,538 80.4% 222,985 +0.7%
Men 2,591 7,256 921 66,114 31,766 81,331 186 190,165 84.7% 189,660 +0.3%
Women 1,764 3,478 830 11,111 4,123 12,572 478 34,356 15.3% 33,315 +3.1%
Other - - 14 - - 3 - 17 0.0% 10 +70.0%
Total 5,513 12,574 2,372 96,914 40,794 119,383 1,716 279,266 100.0% 271,648 +2.8%
Men 3,294 8,472 1,335 81,613 35,445 101,406 691 232,256 83.2% 227,533 +2.1%
Women 2,219 4,102 1,023 15,301 5,349 17,973 1,025 46,992 16.8% 44,104 +6.5%
Other - - 14 - - 4 - 18 0.0% 11 +63.6%

(*) Data checked by the Statutory Auditors, see details on page 302 of this Universal Registration Document.

Workforce at 31 December 2023 by age

  • 28,720 employees aged under 25 (10% of the total workforce)
  • 69,152 employees aged 26 to 35 (25% of the total workforce)
  • 108,064 employees aged 36 to 50 (39% of the total workforce)
  • 73,330 employees aged over 50 (26% of the total workforce)
1.1.2 Types of employment contract, and changes

At end 2023, 254,185 staff were employed under permanent job contracts or site contracts, and 25,081 under non-permanent job contracts (work based training and fixed term contracts in France). The Group’s business lines make use of temporary staff to keep pace with changes in their business activities. In 2023, 24,973 temporary staff (full-time equivalent) worked for VINCI, a 15% decrease from 2022. VINCI promotes the integration of young people on work-based training programmes. In 2023, 7,998 young people received training under work-based programmes within the Group.

Workforce at 31 December 2023 by type of employment contract and business line(*)
non-inclus 2023 2022 2023/2022
non-inclus VINCI Autoroutes VINCI Airports Other concessions VINCI Energies Cobra IS VINCI Construction VINCI Immobilier and holding cos. Total % Total Change
Permanent job contracts 5,270 11,690 1,975 85,421 30,693 98,835 1,550 235,434 84.3% 224,027 +5.1%
Site contracts 0 0 11 4,148 8,519 6,073 0 18,751 6.7% 22,316 −16.0%
Non-permanent job contracts 53 794 330 2,877 1,538 11,486 44 17,122 6.1% 18,189 −5.9%
Work-based training 190 90 56 4,468 44 2,989 122 7,959 2.8% 7,116 +11.8%
Total 5,513 12,574 2,372 96,914 40,794 119,383 1,716 279,266 100.0% 271,648 +2.8%
Temporary staff (full-time equivalent) 5 1,637 136 7,311 181 15,687 17 24,973 8.9% 29,385 −15.0%

(*) Data checked by the Statutory Auditors, see details on page 302 of this Universal Registration Document.

1.1.3 Recruitment and departures

Employee turnover stood at approximately 37% in 2023. This rate is due to the expiry of temporary worksite contracts and fixed-term contracts, reflecting a Group recruitment policy adapted to new worksites.

Recruitment

VINCI hired 92,061 people worldwide in 2023, including 68,612 under permanent employment contracts (12,687 in France). The proportion of permanent employment contracts among new hires remained stable, dropping slightly from 74.6% in 2022 to 74.5% in 2023. In 2023, VINCI continued its efforts to recruit young people, resulting in 12,667 new hires during the year, accounting for 18% of all those joining the Group in permanent jobs. VINCI promotes local employment and career progression within the Group. Intercompany staff transfers totalled 3,321 in 2023 (3,145 in 2022), of which 96% within a business line and 4% to another business line.

Reasons for departure

The operating activities of the Energy and Construction businesses are carried out at temporary worksites or on a project basis over a relatively short period. They typically employ a large number of people whose contracts expire once the project is completed or who seek employment with local companies to avoid having to move. In the Concessions business, resignations and seasonal variations in activity also explain the number of departures, which are included under the line item “Expired contracts”.