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Financial Participation

By European comparison workers’ financial participation schemes in Norway are relatively widespread. Since the 1980s profit-sharing and employee share ownership schemes have been customary in large Norwegian companies.

 

In the past two decades more and more Norwegian companies have introduced profit-sharing and employee share ownership schemes.1 The expansion of workers’ financial participation schemes began rather later in Norway than in most other European countries.2 Although Norway is in the upper third of the investigated countries with regard to the incidence of employee share ownership, according to the fifth European Working Conditions Survey (EWCS 2010), these employees hold only a relatively small amount of capital. According to the findings of the Annual Economic Survey of Employee Ownership in European Countries 2012, 1.3% of the capital of the largest Norwegian countries is held by employees.3 This is significantly below the European average of 2.7%. In France, for example, 4.5% of the capital of the largest companies is held by employees. The belated expansion of workers’ financial participation schemes has proceeded at an above-average rate, however. In 2007 and 2008, 40% of the largest Norwegian companies set up new profit-sharing schemes (European average: 36.6%).4

Wilke, Maack and Partner (2014) Country reports on Financial Participation in Europe. Prepared for www.worker-participation.eu. Reports first published in 2007 and fully updated in 2014.