- The Oxford Handbook of Participation in Organizations
- List of Figures
- List of Tables
- About the Contributors
- Conceptualizing Employee Participation in Organizations
- An HRM Perspective on Employee Participation
- An Industrial Relations Perspective on Employee Participation
- A Legal Perspective on Employee Participation
- Labour Process and Marxist Perspectives on Employee Participation
- An Economic Perspective on Employee Participation
- Direct Employee Participation
- Collective Bargaining as a Form of Employee Participation: : Observations on the United States and Europe
- Employer Strategies Towards Non‐Union Collective Voice
- Worker Directors and Worker Ownership/Cooperatives
- Employee Participation Through Non‐Union Forms of Employee Representation
- Works Councils:: The European Model of Industrial Democracy?
- Employee Share Ownership
- Financial Participation
- Labour Union Responses to Participation in Employing Organizations
- Voice in the Wilderness? The Shift From Union to Non‐Union Voice in Britain
- High Involvement Management and Performance
- Employee Voice and Mutual Gains
- Participation Across Organizational Boundaries
- Public Policy and Employee Participation
- Corporate Governance and Employee Participation
- Cross‐National Variation in Representation Rights and Governance at Work
- Employee Participation in Developing and Emerging Countries
- International and Comparative Perspectives on Employee Participation
- Freedom, Democracy, and Capitalism:: Ethics and Employee Participation
Abstract and Keywords
Financial participation is a mechanism by which employees are provided with a stake in the performance or ownership of an organization. This stake is reflected in remunerative arrangements, typically in the form of a payment linked to a corporate outcome measure or to an allocation of shares in the company. This article presents a structured and systematic overview of the character, use, and consequences of financial participation, with a view to exploring the contributions made by these different research communities to ongoing debate and understanding. In doing so, it also provides a map to facilitate movement through the considerable volume of material on the topic. The article considers the approaches to financial participation, the adoption of schemes, and the outcomes of various kinds.
Ian Kessler is Reader in Employment Relations at Said Business School, Oxford University, and a Fellow of Templeton College. His research interests include reward strategies, employee communications, and the psychological contract.
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