2019 Annual financial report

Chapter 6. Consolidated financial statements 2019 year

Note 3 Personnel expenses and headcount

Personnel expenses include salaries, commissions, employee profit-sharing, vacation pay and bonus estimation. They also include expenses related to share-based payments (stock option and free share plans) and expenses related to pensions (excluding the net effect of unwinding the discount on benefit obligations, which is included in other financial income and expenses).

(in millions of euros)

2019

2018

(in millions of euros)

Compensation

2019

(4,789)

2018

(4,501)

(in millions of euros)

Social security charges, including post-employment benefits

2019

(887)

2018

(816)

(in millions of euros)

Share-based payments

2019

(49)

2018

(63)

(in millions of euros)

Temporary employees and freelancers

2019

(348)

2018

(367)

(in millions of euros)

Maturity

2019

(6,073)

2018

(5,747)

/   Breakdown of headcount at December 31 by geographic region


2019

2018


Europe

2019

21,762

2018

22,285


North America

2019

27,098

2018

22,494


Latin America

2019

6,081

2018

5,945


Asia Pacific

2019

24,431

2018

20,750


Middle East & Africa

2019

3,863

2018

4,114


Maturity

2019

83,235

2018

75,588

/  Breakdown of headcount at December 31 by function (in%)


2019

2018


Account planning & management

2019

18%

2018

21%


Creative

2019

12%

2018

14%


Media and research

2019

17%

2018

18%


Specialized production activities and others

2019

39%

2018

33%


Administration and management

2019

14%

2018

14%


Maturity

2019

100%

2018

100%