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Financial Participation

Trade union interest in the establishment of financial employee participation is mainly focussing on ensuring that workers receive a fair share of the gains emerging from the increases in productivity and profits. Trade unions do not just see financial participation as a means of securing a more equitable sharing of rewards, but also as an essential means of developing a broader employment relationship, for example, through a better partnership culture in the workplace and better participation of employees in enterprises.

 

 

At the end of 1984, in response to the Minister’s request, the Irish Congress of Trade Unions (ICTU) outlined its position on profit-sharing and employee shareholding. Reviewing schemes already established, Congress was critical of many aspects of their operation. After a series of amendments this position has been substantially modified and the trade unions took a more pragmatic approach. The Irish employers’ organisations are generally favourable towards workers’ financial participation.1

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.