by: Dube, Arindrajit; Freeman, Richard B.
Source: Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options, University of Chicago Press
In the 1990s an increasing proportion of US firms moved toward compensation systems that made part of pay depend on the economic performance of work-groups or the firm. They gave profit-sharing bonuses, paid group incentive schemes (gain-sharing), developed employee contribution pension plans which put considerable assets in the stock of the firm. Over the same period, firms introduced teams, total quality management, quality circles, employee involvement committees, and other structures that gave employee a greater role in decision-making.
Link: Complementarity of Shared Compensation and Decision-Making Systems: Evidence from the American Labor Market
Publication Date: 2010-04-01