Sharing Profits with Employees: A Critical Study of Methods in the Light of Present Conditions (Classic Reprint) - Softcover
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Excerpt from Sharing Profits With Employees: A Critical Study of Methods in the Light of Present Conditions
Briefly put, the conclusion reached in this book is that it does not. From the point of View of increasing pro duction it is incomparably inferior to an equitable system of payment by results. As a means of promoting industrial integration by improving the status of the wage-earner, it is, apart from special cases, quite ineffective.
The further we move from the cash nexus and the donating principle, the nearer we approach a true solution of the problem. Co-partnership, as commonly conceived, avoids the pitfall of mere cash distribution but retains the gifting element. This means that workers with no desire for shares and no knowledge of the rights and Obligations involved have these responsibilities thrust upon them.
The wrong method is to give and then try to enlighten the worker as to the meaning of the gift. The primary necessity is Education. The worker desires a higher status than that of a mere wage-earner. This cannot be an unmixed blessing. Greater power means greater obliga tions, new functions mean new knowledge, higher earnings mean heavier risks. The first and fundamental condition of success in co-partnership is therefore a sound knowledge of the responsibilities involved in share-holding.
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Sharing Profits With Employees (Classic Reprint)
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Paperback. Zustand: New. Print on Demand. Dive into the heart of early 20th-century industrial relations with this captivating exploration of profit-sharing and co-partnership. The author delves into the perspectives of both labour and employers, offering a balanced analysis of the merits and drawbacks of these systems in the context of post-war economic realities. This book goes beyond surface-level observations to dissect the core issues driving industrial unrest, particularly the contentious role of profits. It examines labour's discontent with the existing economic order and their quest for a more equitable distribution of wealth. The author critically evaluates various profit-sharing models, questioning their effectiveness in enhancing production efficiency and fostering genuine worker engagement. Instead of merely distributing profits, the author advocates for a more transformative approach ââ â co-partnership. By granting workers ownership and control, co-partnership aims to bridge the divide between labour and capital, fostering a sense of shared responsibility and mutual benefit. This book's insights into the complexities of profit-sharing and co-partnership remain relevant, offering valuable lessons for understanding the ongoing quest for a fairer and more collaborative industrial landscape. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781330187890_0
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Sharing Profits with Employees
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