June 19, 2010 Sodexo’s (EXHO.PA) benefits and rewards services unit, recently renamed Plux, plans to hire 1,000 people by 2024 for its technology and data operations to tap into new job trends and growing employee benefits. Inflation, CEO Aurelien Sonnett said on Monday.
Sodexo, which is taking advantage of the rising cost of living as employers look for ways to support wages without hikes, announced in April. The business.
“We are talking about a market potential of more than 1000 billion euros from companies, so it is very large and still penetrating because many small and medium-sized companies are still not offering employee benefits,” Sonnet said in an interview.
Plux will invest 10 percent in technology by 2025 as it aims to expand its offering by helping customers manage their employees’ hybrid workloads and create a satisfying work-life balance.
As more companies look to reduce their carbon footprint from transportation, mobility solutions are attracting customers to support bikes, scooters or car sharing, Sonnett said.
French blue-chip index CAC 40 ( .FCHI ) joined on Monday as smaller French rival Edenred ( ADN.PA ) posted a rise in operating income in the first quarter of April as employers used meal stamps and gas cards to help workers cope with inflation. .
Plux, which employs 5,000 in 31 countries, is targeting full-year organic revenue growth of around 20% and a profit margin of around 32%.
Sodexo Voucher Business It posted a core profit of 162 million euros ($177 million) in the first half of 2023.
Reporting by Federica Mileo and Diana Mandiá in Gdansk, Editing by Louise Havens
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