Reasons for Introducing EFP – Improving Working and Living Conditions of Employees
‘To stick to wages alone is to maintain a permanent class struggle,’ said Charles de Gaulle. Building ownership of productive assets into a nation’s own working families makes good freemarketsense. The financial crisis engulfing our world is, at bottom, a consumption crisis. It is brought on by too little money in the pockets of those who are eager to buy the goods and services merchants are eager to sell and producers to supply. Once investment capital had to be painfully hoarded from savings squeezed from current consumption. EFP schemes are often seen as one solution to the above mentioned problems of industrial societies and Read More…
Reasons for Introducing EFP – Higher Productivity and Better Competitiveness for Companies
The issue of employees participating in the financial results of their company has become an important political issue across the European Union. It is seen as a mean of promoting greater co-operation between management, owners and employees, eventually leading to a reduction in workplace conflict and, consequently, increasing efficiency, productivity and flexibility. Several reports conducted at the EU level have highlighted the potential benefits of financial participation, which have also been corroborated by a large number of empirical studies.
The resultant growth of productivity and profits creates the potential for a “win- win” situation, Read More…