Profit Sharing Between Employer And Employee a Study in the Evolution of the W
Profit Sharing Between Employer And Employee a Study in the Evolution of the W
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" The Saxon-Bohemian Steamboat Company, in its report for 1886-87, gives the particulars of a direct division of profits among its officers and employees for the first time. Previously it had contributed 3 per cent, of the profits to support a pension fund ; in 1886-87 it declared a dividend of another 3 per cent, as a bonus to the servants of the com- pany. The rules were altered to provide that, before an- nouncing a dividend to stockholders, the above 3 per cent. For the pension fund, and an... amount up to 3 per cent, for a bonus, should be deducted from the net profits. In 1886-87 the stockholders' dividend was 18 per cent. , and the bonus was over 6, 000 marks. ^ The Suez Canal Company established a system of participation in 1865, when it began operations. Sixty employees at Paris, and several hundred agents in Egypt, belonging' to the administrative and working forces, enjoy the benefit of a share in the business of the company. Two per cent, of the net profits are distributed annually, this figure amounting in 1883 to 600, 000 francs.
What to read after Profit Sharing Between Employer And Employee a Study in the Evolution of the W?
You can find similar books in the "Read Also" column, or choose other free books by Nicholas Paine Gilman to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
" The Saxon-Bohemian Steamboat Company, in its report for 1886-87, gives the particulars of a direct division of profits among its officers and employees for the first time. Previously it had contributed 3 per cent, of the profits to support a pension fund ; in 1886-87 it declared a dividend of another 3 per cent, as a bonus to the servants of the com- pany. The rules were altered to provide that, before an- nouncing a dividend to stockholders, the above 3 per cent. For the pension fund, and an... amount up to 3 per cent, for a bonus, should be deducted from the net profits. In 1886-87 the stockholders' dividend was 18 per cent. , and the bonus was over 6, 000 marks. ^ The Suez Canal Company established a system of participation in 1865, when it began operations. Sixty employees at Paris, and several hundred agents in Egypt, belonging' to the administrative and working forces, enjoy the benefit of a share in the business of the company. Two per cent, of the net profits are distributed annually, this figure amounting in 1883 to 600, 000 francs.
What to read after Profit Sharing Between Employer And Employee a Study in the Evolution of the W?
You can find similar books in the "Read Also" column, or choose other free books by Nicholas Paine Gilman to read onlineMoreLess
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