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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Document type:: Monograph

Structure type:: Chapter

Title:: III. Profit-sharing and co-partnership in co-operative societies

Collection:: Economics Books

INDUSTRIAL : ASSOCIATIONS OF CONSUMERS. 77 ployees of a Store Society would be found to have seats on its Committee. (5) Wholesale Societies. Projit-sharing with Employees. The English Co-operative Wholesale Society, which at the end of 1910 employed 4,823 persons in its distributive and 13,053 in its manufacturing departments,* does not now share profits with its employees. On this Society deciding in 1873 to establish its own work shops for production, the members, upon the recommendation of the Committee, adopted a scheme under which a bonus was to be paid to the employees based partly upon the profits made by the Society and partly upon an increase in sales. When the dividend upon purchases paid to members reached 2d. in the £, the employees were to receive a bonus of 2 per cent, upon their wages, and an additional \ per cent, for each increase of \d. in the £ in the dividend upon purchases, until the bonus upon wages reached a maximum of 4 per cent. In addition, when the sales of the Society for the year averaged £2 per quarter per head of the total membership of the shareholding societies, a further bonus of 1 per cent, upon wages was to be paid, with an additional | per cent, for each increase of 2s. 6d. per head in the average sales up to a maximum of 3 per cent, upon wages. This arrange ment applied to all employees of the Society, whether engaged in its productive or its distributive departments. In 1876 the Committee of the Society reported that the bonus system had not given satisfaction, and recommended its discon tinuance, this course being adopted at a general meeting of delegates by 150 votes to 78. In 1882 the Committee introduced into certain departments a system under which a bonus was to be paid based upon an increase in sales and a decrease in expenses, subject to a certain minimum of profit being shown on the working of the depart ment. This was extended to a larger number of employees during 1885; but in 1886 the Committee again reported adversely upon the scheme, with the result that it was abandoned, and no further steps have been taken as regards Profit-sharing with employees. In 1907 a “ Thrift Fund ” was established by the Society for its employees. All the employees, distributive and pro ductive, are eligible for membership on completion of six * The English Wholesale Society carries on the following industries— building, metal working, the manufacture of textiles, boots and shoes, and other clothing, printing and bookbinding, woodworking, furnishing and brush-making, the manufacture of soap, candles, starch, &c., flour milling, the manufacture of biscuits, sweets, preserves, pickles, and of other food, and of tobacco, as well as farming and dairying.

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