Inclusion, equality and ethics: three central concerns for a responsible employer
L’Oréal’s HR development policy, which reflects commitments made by the Group, is there to ensure that no one is left behind. The determination to provide a place for people with disabilities, hire employees from a wide spectrum of cultural and social backgrounds and uphold gender equality was rewarded as L’Oréal moved up from the Top 20 to the Top 10 of the Thomson Reuters Global Diversity & Inclusion Index in 2017. Gender equality certifications from two independent organizations – GEEIS and EDGE – point to the Group’s progress this front, as does its number-one position in the 2017 global ranking of companies compiled by Equileap, an agency that promotes gender equality. L’Oréal also works to engage with shareholders and stakeholders, and in 2017 the Group came away with the top prize for transparency in the code of ethics category at Corporate France’s annual Transparency Awards. The award recognized the Group’s financial transparency as well as its code of business ethics, a document that L’Oréal Chairman and CEO Jean-Paul Agon calls the Group’s “constitution”. These awards acknowledge the hard work already done, says Jean-Claude Le Grand, L’Oréal’s Head of HR development, and will spur the Group to keep pushing forward.
L’Oréal ranks among the world’s best workplaces
L’Oréal is also a popular destination among young people, with the 294,000 students and business school graduates polled as part of Universum’s ranking of the World’s Most Attractive Employers rating the Group eighth overall worldwide. The Group’s ability to offer international careers and the quality of its training programs were key factors in the ranking. This international recognition was echoed at subsidiary level, as L’Oréal Germany earned the European HR Excellence Award for MyRH Rewards, a platform that came onstream in 2016 and that makes it easier for employees to understand their payslips and identify the benefits offered by the Group. In France, L’Oréal consolidated its number-three place in the Most Attractive Employers ranking compiled by Universum. Young graduates are looking for reassurance in a persistently uncertain economic environment, which draws them to companies whose names are associated with innovation. “If L’Oréal continues to stay ahead of the game, it’s because it combines solidity and innovation. The Group is at the cutting edge of Beauty Tech and gives its people the latitude and resources to invent the future of beauty”, explains Carole Pasco-Domergue, Employer Branding Director at L’Oréal.