• Guidance

France deploys significant measures in the competition for talents

While the race to attract talents is raging, the French Government is pushing for strong measures to compete. The lastest one is an extension of the ability for foreign start-ups to attribute stock-options to their employees, with a program called BSPCE. It’s a crucial addition to boost the attractiveness of France for young foreign professionals and strengthen the country’s capacity for innovation. On the same page, a report from the INSEAD recently highlighted the gap between the perception and the reality of the work environment in France.

The french government takes significant measures to retain its talents and attract foreigners

French public policies are geared towards attracting and keeping talents:

Read more: French flexicurity – Interview with Edward Hamilton from the Confederation of Swedish Enterprise

In 2020, a strong push to attract European talents through the BSPCE program

One of the major points of this pro-talent agenda was decided during the annual budget vote for 2020. To better incentivize performance and innovation from their collaborators, companies have access to the BSPCE program, which allows employees to buy at a fixed price shares of the company they are working in. The Government has decided to modify two aspects of this program to make it even more attractive, especially to European talents:

The hope for these improvements is to “favor the recruitment and the loyalty” of talents by giving them a better share of profit from the growth of their company, according to the French Digital Minister Cedric O. The latter affirms that these measures represent a new asset for our ecosystem by thus stimulating employment and reinforcing our capacities of internationalization and in any case the attractiveness of the national territory.

Read more: France to boost its start-up Nation status

Cliché and reality on the French working environment

Rooted in a mix of cliché and factual reality, the perception of the working environment in France relies on a few mainstays. In November 2019, the INSEAD surveyed a sample of native and foreign professionals working in France, to paint an accurate picture of the perceptions, reality, and future of the work environment.  

The first perception is that unlike the Nordic companies, hierarchy is a dominant factor in the working life, as employer-employee relations foster antagonism. There is, therefore, a strong need to build trust and confidence between management and collaborators. Also, if the hard skills of French engineers are largely acclaimed, it is thought that they lack communication and teamwork competencies, among other soft skills.

To reflect reality, the report separated their findings into three topics: individual skills, corporate culture, and the general environment.

Read more: Talent – On the move in France – A report from INSEAD for Choose France 2020