Aspire is the most meaningful opportunity for you to celebrate your achievements, learnings, and professional growth. The AIP design for FY23 supports the need for sustainable and profitable growth, and strong client retention. The AIP program is designed to reward employees who have contributed to Sodexo’s performance, to recognize their impact on the progress against our strategy, and to encourage employee retention.

Changes to FY23

In FY23 there are new, non-financial objective requirements in addition to a potential 10% “payout booster” award for employee retention. As in past years, the AIP is made up of a 70% financial objective and a 30% non-financial objective.

Financial objective will represent 70% of the AIP award.

Non-Financial objective will represent 30% of AIP award. What is different than last year: 2 of your 3 Non-Financial personal AIP objectives have been auto populated (Safety and DE&I) in Aspire, with their proper weightings.

Safety – Non-Financial Objective – Pre-loaded and weighted at 33%                                                                  Already loaded in your Aspire Objectives Profile. New for FY23, a safety objective has been added, based on Loss Time Incident Rate and Near Miss to Accident Ratio. This objective will be specifically aligned to the target set by Sodexo Live!. The purpose is to change our approach to Safety performance through more proactive monitoring and targeting. More details to come.     

The Safety Objective is comprised of two equally weighted measures:

Near Miss to Accident Ratio: Ratio of near misses divided by total number of accidents. A near miss is an unsafe condition or situation that has the potential to cause injury or harm.
Lost Time Incident Rate (LTIR): Number of lost time injuries divided by number of working hours multiplied by 200,000. A lost time incident is an incident causing injury and resulting in one or more days absence from work.

DE&I – Non-Financial Objective – Pre-loaded and weighted at 33%                                                                  Already loaded in your Aspire Objectives Profile. This year, Sodexo Live’s DE&I objective will be different than the rest of the region. DE&I this year is on the “honor system” and you will track your progress via Aspire. See chart below for more detail on this DE&I Objective. More details to come.

The DE&I Objective is comprised of two equally weighted measures:

Participate in “Pro Human Approach” session between 3/1/23-8/31/23.
Complete 1 Enabler (below) or attend a Diversity Learning Lab.

Find ways to increase your DE&I knowledge and impact in your community.
Create a community project in your unit/district/region or plan an activity together as a team.
Participate in a client DE&I event.
Creative ideas: attend a cultural event, invite a guest speaker, host an EBRG event, mentor/coach someone at work or in your community.
You can always attend a Diversity Learning Lab in lieu of an enabler.

We will use the honor system this year and you will track your own progress in Aspire.

Individual Objective – Non-Financial Objective – PLEASE WEIGHT AT 34%                                            Functional leads will set a KPI aligned with their strategic roadmap. This will cascade down and the objective you will create will be agreed upon with your manager and entered by YOU by 11/30/22.

*Additional incentive award – Employee Retention – This is also NEW for FY23. A potential 10% payout booster will be awarded by region for meeting employee retention targets. The purpose is to address the company’s People Retention. More details to come.*

Creating Your 2023 Objective

Please take a few moments to review our FY23 Annual Incentive Plan (AIP).

At this time there is one (1) critical step that needs to be completed by 11/30/22: 

Input 1 Non-Financial Individual Objective by 11/30/22 weighted at 34% (other required non-financial objectives are already auto-populated and weighted at 33%).

What should your 2023 Objective Be?

You need to speak with your manager to determine what your objective for FY23 should be.

Following this conversation with your manager, YOU must enter your 1 objective into Aspire no later than 11/30/22.  Please ensure this is competed by 11/30/22 and weighted at 34%.

Resources

How to Guide – Creating FY23 Objective

Aspire FAQ – FY23 Objective Setting

*If you have any questions, please reach out to your HR Representative.