Home / National Industrial Relations / Countries / Croatia / Financial Participation / Basic data on profit-sharing and employee share ownership schemes

Financial Participation

The incidence of profit-sharing and employee share ownership schemes in Croatia is below average by European comparison and particularly dependent on size of company. Cooperatives are still relatively unimportant in the Croatian economy.

 

The findings of the fifth European Working Conditions Survey (EWCS 2010), based on a Europe-wide questionnaire of employees, show that the incidence of profit-sharing schemes in Croatia is 5.8% and that of employee share ownership schemes is 1.8%.1 By European comparison this puts Croatia in the bottom third with regard to the incidence of both profit-sharing schemes and employee share ownership schemes, and thus below the European average.

 

The European Company Survey, a survey of more than 27,000 HR managers in Europe from 2009, comes to similar conclusions. According to it the proportion of companies that offer profit-sharing schemes in Croatia is around 5%. Around 2.5% of companies offer broad-based profit-sharing schemes (for all employees) and around 2.5% restrict themselves to particular groups of employees in their profit-sharing schemes. The incidence of profit-sharing schemes depends on size of enterprise. Around 11% of companies in Croatia with 200 employees or more offer profit-sharing schemes, along with 4% of companies with 10–49 employees. Around 4% of the companies investigated in Croatia offer their employees employee share ownership schemes, with around 2.2% operating broad-based employee share ownership schemes for all employees. Employee share ownership schemes are offered only to particular groups of employees by 1.8% of companies (as a rule, managers). According to the European Company Survey Croatia is below the European average with regard to the incidence of both profit-sharing schemes and employee share ownership schemes.

 

The significance of cooperatives has fallen continuously in Croatia in recent decades and it is now low. Although cooperatives still account for around 2% of registered companies they have only 1% of all employees.2

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.