ABSTRACT

The evidence reviewed in this book and in many other writings on aspects of financial participation demonstrates that there has been a considerable growth in the variety and volume of profit-sharing and employee share ownership schemes in Britain in recent years. Yet there is still a very long way to go before employees’ involvement in the financial affairs of their employing organizations becomes a pervasive characteristic of employment relations. It seems likely that further pressures will be exerted, for example through the Conservative government’s profit-related pay scheme, to extend the scope and further diversify the influence of financial participation schemes. At the conclusion of our work, an obvious question concerns the prospects for significant extension of this form of employee involvement within a context which combines a somewhat precarious economic outlook and a political thrust in the direction of ‘people’s capitalism’.