Report on profit-sharing and labour co-partnership in the United Kingdom

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Monograph

Identifikator:: 1016336950

URN:: urn:nbn:de:zbw-retromon-27123

Document type:: Monograph

Title:: Report on profit-sharing and labour co-partnership in the United Kingdom

Place of publication:: London

Publisher:: His Majesty's Stationery Office

Year of publication:: 1912

Scope:: 1 Online-Ressource (160 Seiten)

Digitisation:: 2018

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: II. Profit sharing and co-partnership in private firms and companies

Collection:: Economics Books

80 III.—CO-OPERATIVE SOCIETIES. bonus which they received mounted on the average to an addition to their wages of 7'6 per cent. By far the most important among these three profit-sharing Consumers’ Pro ductive Societies is the United Baking Society of Glasgow, which is a federation of 178 Societies, and employs .1,255 persons. The amount of the bonus distributed in 1910 by this Society to its employees was equivalent to 8T per cent, on their wages and salaries for the year. The bonus received by the employees of the United Baking Society is invested in a “Bonus Investment Society” formed by them; this Society in turn invests the capital so raised in shares of the United Baking Society, and so acquires the right as a member to send delegates to the General Meetings of that Society. In this way the employees secure the power of voicing their opinions on the affairs of the Society by which they are employed, the number of the votes to which they are in this manner entitled being 25. For the most part, the amount of control exercised by the employees of the group of Societies now under consideration (the Consumers’ Productive Societies) whether as shareholders in the Societies by which they are employed or as Committee-men may be considered tol)e insignificant. (2) Productive Associations of Workers. Unlike the Societies dealt with in the previous section, which are formed and managed primarily in the interests of consumers, the productive associations of workers are formed and managed primarily in the interests of the persons employed. They are in the main an attempt by the workers in various industries to substitute for the ordinary conditions of employment by an individual capitalist or a Joint Stock Company a system under which the members of the Societies work in a factory or workshop either rented by, or belonging wholly or in part to themselves, under conditions of labour decided upon by the members, and carried out under the direction of a manager and committee elected by them, the profits of the undertaking being distributed as the members, in general meeting assembled, may decide. In 1910 there were at work 96 associations of this general character, of which 11 were in Ireland. With one exception (a bacon curing factory) these 11 Associations are of a somewhat different character from the English and Scottish Societies, being known as Home Industries Societies. Of the 10 Home Industries Societies two only in 1910 allotted out of their profits any sum (£7 and £3 respectively) as bonus on wages to their employees. It is believed that the number of employee-shareholders is not large, and that it is not at all common for employees to be members of the Committee of Management of these Societies. The remaining 86 Societies (which may conveniently be termed “ Productive Associations of Workers ”) are mostly in England, where 82 were at work: of the remainder, three were in Scotland and one (the bacon-curing factory above referred to) in Ireland.

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