Conditions of Labor in American Industries; A Summarization of the Results of Recent Investigations

Conditions of Labor in American Industries; A Summarization of the Results of Recent Investigations

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 edition. Excerpt: ...of profit-sharing plans in which less than one-third of the employees of any firm are included probably exceeds the number of establishments classified as having profit-sharing plans in the true sense of that term; the number of bonus plans is probably even larger than the number of profit-sharing plans. It is probably fairly well accepted tho not established definitely by court decisions 38 that employees under any one of these plans have no legal claims upon the profits to be made available for distribution. The bulletin of the Bureau of Labor Statistics in question refers to several cases in the justice courts of the State of Michigan in which the defendants contend that profit-sharing moneys are mere gratuities from the employer. The amount of the divisible profits is distributed either as a specific proportion of the net profits, or of the dividends to stockholders, or as a rate of dividend on the earnings of the employees. This rate is usually less than the rate of dividend paid on capital to the stockholders. Eligibility for participation by the employees is generally dependent upon length of service with the enterprise. This minimum of continuous service varies from three months to three years; but the minimum required in more M The New York Court of Appeals, which is the highest court in that State, has denied the right of an employee to the amount of an accrued pension upon dismissal before reaching the specified age and service limit. (McNevin v. Solvay Process Company, 32 App. Div., 610; affirming 166 N. Y., 530). than one-half of the plans investigated by the Bureau of Labor Statistics was one year or less. In all of the plans the employer retains absolute right of hiring and discharging employees, and discharge and leaving...show more

Product details

  • Paperback | 106 pages
  • 189 x 246 x 6mm | 204g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236844181
  • 9781236844187