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

Collection:: Economics Books

82 III.—CO-OPERATIVE SOCIETIES. Funds, including' Accident, Compensation, and Insurance Funds; a dividend on purchases is in many cases paid to the customers of the Society; capital in some cases gets a further share in profits over and above the fixed rate of interest; and a portion of the profits, varying in different cases, is usually allotted to the employees in the shape of a bonus upon the wages earned by them, this bonus being wholly or in part capitalised as shares in the Society, entitling the holders to participate in the manage ment of the concern: in addition, in a considerable number of Societies, amounts are allotted out of profits to Provident Funds for the benefit of their employees. The goods produced by these Societies are in the main sold to Retail Distributive Societies, which frequently provide a considerable portion of the capital employed, and which share in the management by means of delegates elected to the management committees of the Societies. The number of the Workers’ Productive Societies which in the years 1899-1910 shared profits with their employees, the number of their employees participating in profits, the ratio of bonus to wages, and the amounts allotted out of profits to Provident Funds for the benefit of employees, are shown in the Table which follows: — Profit-sharing by Productive Associations of Workers, 1899-1910. [ Compiled from Returns made to the Co-operative TJnion, to the Labour Depart ment, and to the Chief Registrar of Friendly Societies.'] All Societies together. Societies which shared Profits with their Employees. Year. No. of So cieties at end of Year. No. of Employees at end of Year. No. of Societies* which paid Bonus on Wages in Year. No. of Employees receiving Bonus on Wages in Year. Ratio of Bonus to Wages of Parti cipants in Year. *No. of Societies which all otted Sums to Provident Funds in Year. Amount of Sums allotted to Provident Funds in Year. 1899 ... 99 6,731 46 4,635 Per Cent. 5-8 23 f 1,220 1900 ... 100 6,912 45 4,745 6-2 24 1,116 1901 ... 100 6,899 44 4,947 6-6 20 1,168 1,578 1902 ... 108 6,804 52 4,981 4-4 23 1903 ... 107 6,861 47 4,527 4'1 22 1,061 1904 ... 114 6,788 39 3,893 3-3 18 769 1905 ... 107 6,555 32 3,417 3-6 13 645 1906 ... 107 6,813 33 3,929 3-7 16 971 1907 ... 96 6,755 40 4,280 4-4 19 1,364 1908 ... 90 6,744 44 4,675 4-5 26 2,362 1909 ... 91 6,671 39 4,908 4-5 23 1^971 1910 ... 86 6,766 38 4,969 4-4 j 21 2,480 * Some of these Societies paid bonus on wages and also allotted sums to Provident Funds ; this was the case with 19 Societies in 1910. Out of the 86 Productive Associations of Workers in existence at the end of 1910 there were 40 which allotted a share in their

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