Labor-management relations at Crédit Mutuel are highly developed. Thanks to the group's labor policy, its employees enjoy advantageous wage agreements, social protection, leave conditions and continuous training.

Un dialogue social riche

The Crédit Mutuel sector wage agreement of December 15, 2020 set an agreed minimum annual wage on recruitment. For 2020, it was nearly 12% higher than the national minimum annual wage (SMIC) applicable that year.

This agreement sets the minimum amounts for the 11 benchmark jobs and was signed in respect of the Crédit Mutuel division.

Each regional group draws up a specific human resources management policy and describes it in its Statement of Non-Financial Performance (DPEF).

A solid employment policy

The Crédit Mutuel sector wage agreement of December 15, 2020 set an agreed minimum annual wage on recruitment. For 2020, it was nearly 12% higher than the national minimum annual wage (SMIC) applicable that year.

This agreement sets the minimum amounts for the 11 benchmark jobs and was signed in respect of the Crédit Mutuel division.

Each regional group draws up a specific human resources management policy and describes it in its Statement of Non-Financial Performance (DPEF).

Key HR figures

As of December 31, 2021, the bulk of Crédit Mutuel's operations were in France, which accounted for 84.2% of the workforce. Overall, 99.2% of the group's workforce was employed in the European Union. The Crédit Mutuel group pursues a long-term employment policy. In France, 94% of our employees have permanent contracts.

Employment indicators 2021 2020
Registered workforce 88,676 88,800
Non-managerial employees 52,374 52,094
Percentage of permanent employees 94.4% 95.0%
Percentage of full-time employees 89.0% 88.8%
Gross payroll 4,043 4,010