Workers' financial participation: east-west experiences
Saved in:
| Format: | Book |
|---|---|
| Language: | English |
| Published: |
Geneva
Internat. Labour Office
1995
|
| Edition: | 1. publ. |
| Series: | Labour-management relations series
80 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XV, 240 S. graph. Darst. |
| ISBN: | 9221091864 |
Staff View
MARC
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Record in the Search Index
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| adam_text | Contents
Preface v
Introduction: Workers financial participation: An international overview
(Daniel Vaughan-Whitehead)
Introduction 1
1. The importance of the legislative framework 5
2. The role of collective bargaining 7
3. Adapting financial participation to the local context 8
4. Attitudes of the social partners 13
5. Effect on total pay 18
6. Impact on wage flexibility 19
7. Enhancing productivity and worker motivation 20
8. Stimulating worker participation 22
Concluding remarks 24
1. Belgium: Slow development of financial participation without legislation
(Francine Van Den Bulcke)
Introduction 29
1. Historical background, legislation and forms of financial participation 30
1.1 Wage policy and the wage bargaining system 30
1.2 Legal and fiscal framework 33
1-3 Forms of financial participation in Belgium 36
2. Diffusion of financial participation 39
2.1 Survey results 40
2.2 Enterprise examples 44
3. Effects of financial participation 46
3.1 Management objectives 48
3.2 Survey conclusions 50
Conclusion 51
ix
WORKERS FINANCIAL PARTICIPATION 2. France: The driving force of comprehensive legislation
(Daniel Vaughan-Whitehead) Introduction J*
1. The historical process: A series of legislative steps 56
1.1 The first step: Cash-based profit-sharing (the Interessement statute of
7 January 1959) 56
1.2 The second step: Compulsory deferred profit-sharing (the Participation
aux fruits de Vexpansion statute of 17 August 1967) 56
1.3 A further step: Workers access to share-ownership (actionnariat) 58
1.4 Acceleration of the process: Recent decisions 5
2. The growth of financial participation
2.1 The predominance of compulsory deferred profit-sharing °
2.2 The explosion of cash-based profit-sharing
2.3 Limited interest in workers share-ownership
3. Attitudes of the social partners ,„
3.1 Trade unions _.
3.2 Employers organizations and managers ,
4. Economic effects -,
4.1 Enhancing workers motivation and productivity
4.2 Wage flexibility and employment stability „
4.3 Enterprise examples «2
Conclusion
3. Italy: Decentralization of wage bargaining and financial participation
(Mario Biagioli) 85
Introduction _,
1. The historical process „,
1.1 The development of the Italian pay structure during the 1980s
1.2 The emergence of employee participation schemes in enterprise results
2. Extent and types of scheme 8q
2.1 Extent ™
2.2 Types of scheme „,,
2.3 Financial participation levels and pay flexibility .
3. The positions of the social partners q6
4. Social and economic impact qfi
4.1 Studies on the determinants of financial participation
4.2 The economic effects of financial participation schemes
4.3 Negotiation methods and effects on industrial relations
4.4 Some examples of the economic and social impact of financial
participation y
CONTENTS
4. The United Kingdom: Financial participation -
The new productivity instrument of employers ?
(Michael Poole)
Introduction 105
1. The historical process 106
2. Existing forms of financial participation and their scope 108
2.1 Type of scheme 108
2.2 Extent of coverage 111
2.3 Company examples 113
3. Attitudes of employers, managers, workers and their representatives 115
3.1 Employers and managers 115
3.2 Workers 116
3.3 Trade unions 118
4. Impact of the schemes 119
4.1 Economic impact 119
4.2 Industrial relations 120
4.3 Organizational performance 120
Conclusion 121
5. Japan: Financial participation in the context of human resources
and heightened competitiveness
(Derek C. Jones and Takao Kato)
Introduction 125
1. Historical evolution and current attitudes 127
2. Scope and nature 130
2.1 Profit-sharing 131
2.2 ESOPs 132
2.3 Deferred payment schemes 133
3. Attitudes towards financial participation schemes 134
4. Effects of financial participation schemes 136
Conclusion 138
6. The United States: Flexibility first?
(Daniel J.B. Mitchell)
1. Pressures on employers 141
1.1 Internal and external pressures 141
1.2 Formal and informal regulation of the labour market 142
1.3 Productivity enhancement 142
1.4 Flexibility from the employees perspective 143
1.5 Flexible pay as one of many alternatives for employers 143
2. Development of alternative pay systems in the United States 143
2.1 Developments before 1980 144
2.2 Developments since 1980 147
xi
WORKERS FINANCIAL PARTICIPATION
3. Concession bargaining and profit-sharing in the United States 148
4. Current labour and management approaches to alternative pay systems 152
5. Actual use of financial participation options 154
5.1 Simple incentives
5.2 Profit-sharing 155
5.3 Gain-sharing ^
5.4 Employee stock-ownership -^
Conclusion 160
Appendix: Data sources on alternative pay systems in the United States 162
7. Poland: From traditional to new forms of financial participation
(Alberto Chilosi, Anna Krajewska and Eugeniusz Kwiatkowski) _
Introduction
1. Financial participation: The historical perspective
2. Financial participation in the period of transition
2.1 Traditional forms of financial participation
2.2 Privatization and financial participation
3. Attitudes of the social and political partners to employee ownership j
4. Economic and social impact 8n
Conclusion 18U
8. The Czech Republic and Slovakia: Share-ownership —
An opportunity open to all
(Lenka Kalinova) __
Introduction
1. The tradition of workers participation in Czechoslovakia
2. Privatization during the transition process !„-
2.1 Principles of coupon privatization „,.
2.2 Preliminary results of coupon privatization
3. Possibilities for workers participation in the context of the transformation
process l8b
4. Profit-sharing schemes ^
5. Privatization in Slovakia
6. Enterprise examples
6.1 A past successful experience of financial participation: Agrokombinat
Slusovice
6.2 Transforming cooperatives: Chyne l9^
Conclusion 9
xii ~
CONTENTS
9. Hungary: Share-ownership — A new option for workers
(Terez Laky)
Introduction 199
1. The historical process 2(K)
1.1 Decentralization of state assets 2(H)
1.2 Employee share-ownership in the privatization of state-owned assets 202
2. Current and future forms of financial participation 203
2.1 Property notes 203
2.2 Employee shares 204
2.3 Participation in business units 208
2.4 ESOPs 210
3. The attitudes of the social partners and the Government 211
3.1 Employees 212
3.2 Managers 213
3.3 Trade unions 213
3.4 Owners 214
3.5 Government 215
4. Financial participation at Amfora 215
4.1 General situation 215
4.2 The introduction of employee property notes 216
4.3 Rules governing the distribution of property notes 216
4.4 The conversion of property notes into employee stock 218
Conclusion 219
10. The former Yugoslavia: Workers share-ownership
in the self-management tradition
(Milica Uvalic)
Introduction 221
1. Financial participation until 1989 222
1.1 Profit-sharing 222
1.2 Implicit forms of worker share-ownership 223
2. Economic reforms before disintegration 224
2.1 Privatization 224
2.2 The system of workers remuneration 225
3. Differentiation of privatization laws 227
4. Attitudes of the social partners and the Slate 230
5. Empirical evidence 232
Conclusion 237
Notes on contributors 239
xiii
WORKERS FINANCIAL PARTICIPATION
Figures
2.1 Diffusion of cash-based profit-sharing agreements, France, 1985-92 64
2.2 Sectoral distribution of cash-based profit-sharing agreements, France, 1992 66
4.1 The impact of profit-sharing and employee share-holding schemes 106
6.1 Union concession contracts, United States, 1981-92 149
6.2 Profit-sharing concession contracts, United States, 1981-92 150
6.3 Standard deviation of annual bonus, United States, 1976-89 157
Tables
1.1 Distribution of surveyed firms and financial participation firms by economic
sector, Belgium 40
1.2 Distribution of surveyed firms and financial participation firms by economic
subsector, Belgium 41
1.3 Distribution of financial participation firms by sector and size, Belgium 41
1.4 Distribution of types of scheme by sector, Belgium 43
1.5 Share-ownership schemes: Objectives pursued and achieved (totally, partially
or not at all) in surveyed companies, Belgium 47
1.6 Objectives achieved (totally, partially or not at all) through profit-sharing in
surveyed companies, Belgium 48
2.1 Diffusion of deferred profit-sharing schemes, France, 1969-92 62
2.2 Firms with fewer than 101 employees operating a deferred profit-sharing
agreement, France, 1972-92 62
2.3 Cash-based profit-sharing schemes by company size, France, 1985-92 65
2.4 Trade union attitudes at company level, France 70
2.5 Importance of various objectives to employers when introducing financial
participation schemes, France 73
2.6 Employers perceptions of the objectives achieved through financial
participation, France 75
2.7 Employees perceptions of profit-sharing schemes, France 76
2.8 Differences between profit-sharing and non-profit-sharing firms, France,
1983-85 78
2.9 Variability of total remuneration, France, 1987-91 79
3.1 Number of employees covered by financial participation schemes, by sector,
Italy, December 1990 90
3.2 Financial participation schemes, by type and year of agreement, Italy,
1981-89 91
3.3 Indicators used in financial participation schemes, by type of scheme, Italy 92
3.4 Percentage of the amounts obtained through financial participation schemes
over national pay, by sector, Italy 94
3.5 Basis for distribution of financial participation, by sector, Italy 97
3.6 Procedures for assessing the amount of variable pay items, by sector, Italy 98
3.7 Types, features and amounts of some financial participation schemes, Italy 99
4.1 Inland Revenue approved employee share schemes, United Kingdom 1
4.2 The extent of profit-sharing: All-employee and selected schemes, company
ownership and industry type, United Kingdom 112
CONTENTS
4.3 Importance of various objectives in setting up profit-sharing or share-
ownership schemes, United Kingdom 116
4.4 Managers views on profit-sharing and share-ownership schemes, United
Kingdom 116
4.5 Employees attitudes to profit-sharing and share-ownership schemes in
general, United Kingdom 117
5.1 Attitudes of unions and management to financial participation schemes,
Japan 135
6.1 Industrial distribution of profit-sharing concession contracts, United States,
1981-92 150
6.2 Profit-sharing and non-profit-sharing concession contracts in the non-
construction sector, United States, 1981-92 151
6.3 The largest 15 enterprises with 30 per cent or more employee ownership,
United States, 1993 160
7.1 Distribution of the employees funds in surveyed enterprises, Poland,
1985-88 169
7.2 Privatization of state enterprises (non-agricultural), Poland, August 1990 -
March 1993 176
7.3 Preferred forms of ownership in surveyed enterprises, Poland 178
9.1 Number of joint-stock and limited liability companies, Hungary, 1988-92 201
9.2 Distribution of property notes (first series) by income bracket, Amfora,
1990 217
9.3 Distribution of employees by seniority, Amfora, 1990 217
10.1 The role of the mixed sector in the former Yugoslavia 235
10.2 The role of the private sector in the former Yugoslavia 237
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| indexdate | 2024-07-09T22:26:59Z |
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| spelling | Workers' financial participation east-west experiences Daniel Vaughan-Whitehead et al. 1. publ. Geneva Internat. Labour Office 1995 XV, 240 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Labour-management relations series 80 Gewinnbeteiligung (DE-588)4020911-8 gnd rswk-swf Arbeitnehmer (DE-588)4002623-1 gnd rswk-swf Kapitalbeteiligung (DE-588)4122230-1 gnd rswk-swf (DE-588)4143413-4 Aufsatzsammlung gnd-content Kapitalbeteiligung (DE-588)4122230-1 s Arbeitnehmer (DE-588)4002623-1 s DE-188 Gewinnbeteiligung (DE-588)4020911-8 s Vaughan-Whitehead, Daniel 1963- Sonstige (DE-588)121542513 oth Labour-management relations series 80 (DE-604)BV000016699 80 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=019748309&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Workers' financial participation east-west experiences Labour-management relations series Gewinnbeteiligung (DE-588)4020911-8 gnd Arbeitnehmer (DE-588)4002623-1 gnd Kapitalbeteiligung (DE-588)4122230-1 gnd |
| subject_GND | (DE-588)4020911-8 (DE-588)4002623-1 (DE-588)4122230-1 (DE-588)4143413-4 |
| title | Workers' financial participation east-west experiences |
| title_auth | Workers' financial participation east-west experiences |
| title_exact_search | Workers' financial participation east-west experiences |
| title_full | Workers' financial participation east-west experiences Daniel Vaughan-Whitehead et al. |
| title_fullStr | Workers' financial participation east-west experiences Daniel Vaughan-Whitehead et al. |
| title_full_unstemmed | Workers' financial participation east-west experiences Daniel Vaughan-Whitehead et al. |
| title_short | Workers' financial participation |
| title_sort | workers financial participation east west experiences |
| title_sub | east-west experiences |
| topic | Gewinnbeteiligung (DE-588)4020911-8 gnd Arbeitnehmer (DE-588)4002623-1 gnd Kapitalbeteiligung (DE-588)4122230-1 gnd |
| topic_facet | Gewinnbeteiligung Arbeitnehmer Kapitalbeteiligung Aufsatzsammlung |
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