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

86 III.—CO-OPERATIVE SOCIETIES. Societies which, in these years shared profits with their em ployees, the number of the employees of these Societies, and the ratio which the bonus received by them bore to their wages, are shown in the Table which follows : — Profit-sharing by Agricultural Productive Societies, 1899-1910! [ Compiled from Returns made to the Labour Department, to the Chief Registrar of Friendly Societies, and to the Irish Agricultural Organisation Society.'] Societies which shared Profits with their Employees. Year. No. of all Societies at end of Year. No. of Societies which paid Bonus in Year. No. of Employees receiving Bonus on Wages in Year. Ratio of Bonus to Wages- of Participants in Year. 1899 137 i 3 Per Cent. 2-5 1900 156 ii 48 5-6 1901 161 12 78 4-9 1902 193 14 77 2-9 1903 225 19 133 4-3 1904 256 24 126 4-2 1905 260 27 177 3-3 1906 272 30 186 3-3 1907 287 38 222 5-4 1908 302 31 174 5-0 1909 317 48 318 5-4 1910 335 45 321 6-2 It will be seen that, taking all the Societies comprised in this group together, the element of Profit-sharing with employees has not, so far, played an important part in the organisation of the Agricultural Productive Societies. Among these Societies the principal group is formed by the Irish Dairying Societies, 291 in number in 1910, with aggregate sales of £2,059,905, or 93'4 per cent, of the total sales of the whole of the Agricultural Productive Societies in the United Kingdom. The profits made by these 291 Irish Societies in 1910 amounted to £23,958, out of which £591 in all was paid by 38 Societies to their employees as bonus on wages, to which it made an average addition of 5’9 per cent. With respect to shareholding by employees, the rules of the Agricultural Productive Societies provide that the share in profits falling to the employees shall be accumulated as shares in the Societies; and in those cases in which a share in profits has. been paid to the employees, it may be presumed that there are in the Societies by which this bonus has been allotted a certain number of employee-shareholders; speaking generally, however, it does not appear that in any considerable number of cases employees are members of the Society by which they are employed, nor that the employees are, to any very appreciable extent, repre sented on the Committees of Management of these Agricultural Productive Societies.

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