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

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

Collection:: Economics Books

10 II.—PROFIT SHARING AND CO-PARTNERSHIP IN PRIVATE FIRMS AND COMPANIES. A.—GENERAL SUMMARY. In tlie following pages the attempt lias been made to present, in as concise a manner as possible, the results of the inquiries which have been made by the Board of Trade continuously since the publication of the Report on Profit-sharing of 1894 and of the special investigation which lias been carried out for the pur poses of this Report. This investigation has had the result of bringing to the knowledge of the Labour Department a large number of cases, both of past and present Profit-sharing, not included in the statistics previously published. Thus in the Fifteenth Abstract of Labour Statistics of the United Kingdom [Cd. 6228 of 1912] the total number of schemes started since 1829. when the first experiment in Profit-sharing known to have been made in the United Kingdom was initiated on Lord Walls- eourt’s farm, is given as 232, of which 76 were in operation at June 30, 1911, according to the information then available. In the present Report, however, 299 schemes are mentioned as having been brought into operation between .1829 and the middle of 1912. After deducting three schemes for which no recent particulars could be obtained, and .163 schemes which have ceased to be in operation, the number of firms known to have profit-sharing schemes in operation at the present time is 133. The increase in the number of cases as to which it has been possible to furnish information constitutes a noteworthy advance, which has only been made possible by the general readiness shown by employers to send answers, often inevitably of a character involving a great deal of trouble, to the questions addressed to them by the Department. It will be seen from tire particulars stated (see p. 15 and Appendix A, pp. 95-101) that the 133 firms by whom the profit- sharing system is being applied employ between them over 106,000 persons, and are engaged in a wide range of business undertakings of varying magnitude in all parts of the Kingdom. The ample details which the courtesy of these employers has made it possible to furnish both as to the nature of the systems adopted in different cases and as to the results obtained by their operation, constitute a body of evidence with regard to the character of the different profit-sharing schemes now in force, and to the effects which these schemes are found to produce, which is of great value. The facts set forth prove that the adoption, in one or another of its numerous forms, of the profit- sharing system, is capable of affording to employees no incon siderable advantages. These advantages include the opportunity of receiving an addition—under favourable circumstances a not inconsiderable addition—to their normal remuneration, the pro vision of special facilities for thrift, and in many cases a certain

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