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

Collection:: Economics Books

16 IT.— PRIVATE FIRMS AND COMPANIES. Ratio of Bonus to Wages. Detailed Tables with regard to the proportionate addition made to wages by the profit-sharing bonus in the case of those firms which have supplied the information are given in Appendix E (pp. 126 and 127), from which the following summary has been prepared. It will be noted that the average ratio of bonus to wages for the period 1901-1911 is 5'5 per cent, and that the ratios varied during this period from 7'1 per cent, in 1906 to 4'5 per cent, in 1908, since which year they have shown a pro gressive increase up to 5'5 per cent, in 1911. Year. Number of Distribu tions. Number of Employees. Number of Participants. Average Bonus, taking into account the number of Participants in each case. 1901 54 19,435 11,816 5-0 1902 53 20,321 12,343 5-9 1903 50 20,282 13,067 6-8 1904 52 38,009 16,341 6-5 1905 52 42,283 16,942 6-5 1906 58 41,294 17,922 7-1 1907 55 42,082 18,921 6-0 1908 62 56,738 34,059 4-5 1909 71 61,762 38,881 4-8 1910 86 77,374 50,461 5-0 1911 100 82,659 51,443 5-5 Average Bonus for 1901-11. 5 - 5 per cent, on Wages. B.—ANALYSIS OF SCHEMES NOW IN FORCE. An analysis has been made of the schemes of Profit-sharing at present in force with a view to classifying and comparing their principal features. The results of this analysis are stated below, the references to the various schemes being given by means of numbers, the kev to which is contained in Appendix A (pp. 95- 101). Legal Contract or Gratuity. Most of the schemes make no express reference to the question whether the arrangement is a voluntary one or a strict legal contract. It is found that in a few instances( a ) only is the share in profits allotted to employees given to them as a matter of strict legal right. In some instances( b ) it is declared to be given gratuitously or as a voluntary payment, one firm (No. 11) de scribing it as “ an act of grace.” A few companies(°) expressly state that their profit-sharing schemes confer no legal rights on employees. (“) Nos. 3, 7, 49. 103. (") Nos. 11,14, 25, 27, 29, 31,40, 41, 125, 130 (») Nos. 20, 29, 31, 42, 44, 92.

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