Should workers be rewarded for the profits they help to create?

mayonnaise

No

Graham_Devon wrote: »

Amazon are dire anyway, with little to no chance of anything above zero hour minimum wages

I'd be very surprised if their web administrators, marketing executives, database people, HR department, software developers, legal, PR, IT, supply chain, advertising and operations are all on zero hour minimum wages.

danothy

lessonlearned wrote: »

I think profit sharing is a great idea. If you work hard, go the extra mile and help your employers make a good profit then you should share in the spoils.

The corollary of this of course is that when a loss is made that loss is shared.

martinsurrey

No

danothy wrote: »

The corollary of this of course is that when a loss is made that loss is shared.

Yup, and when the company profits fall, if the directors get sacked, they sack the entire workforce(or individuals in it), by a simple majority of the shareholders vote.

CLAPTON

it would make sense if all current pay levels were replaced with half as guaranteed pay and the other half as profit related pay.

[Deleted User]

Hmmpf, just got an email telling me that our semi-annual bonus is cancelled this year due to company under-performance. It doesn't seem to matter that my group did quite well actually, and I personally earned the firm a nice wedge of cash.

So there goes the second holiday - going to be fun telling the wife about this.

lessonlearned

danothy wrote: »

The corollary of this of course is that when a loss is made that loss is shared.

In theory yes.

In practice what would normally happen is that you would continue to get just a basic salary and no profits, assuming of course that the company could still carry on trading.

There are plenty of instances where people have taken pay cuts - sometimes forced and some voluntary - as an attempt to safeguard jobs.

antrobus

CLAPTON wrote: »

it would make sense if all current pay levels were replaced with half as guaranteed pay and the other half as profit related pay.

Isn't that basically the John Lewis model?:)

At least I know that Waitrose pays its staff less than every other major supermarket. Yes, they get the partnership bonus, 11% of pay last time round, but if their basic hourly rate is 7% less than what Tesco pay, a lot of that 'bonus' is simply deferred wages.

michaels

No

lessonlearned wrote: »

My son works in retail, just above min wage. He is one of their top sales people, bringing in tens of thousands of revenue each week. Not a penny in commission or bonuses.

My BIL also works in retail. He does get commission and bonuses.

Sounds like your son should seek employment elsewhere?

CLAPTON

one very minor point


would workers actually want a significant part of their income based on profits?


of course if it was in addition to normal pay then yes
if it replaces a significant part of 'normal' pay then most probably won't want it.

Thrugelmir

JencParker wrote: »

£100 might be nothing to you, but it would be to those on minimum wage - a few nights out that they wouldn't be able to otherwise afford!

Don't disagree with that. However unless it was paid as a bonus evenly to all. The money would be pro-rata'd. So those at the bottom would receive less than others.