Industrialists discuss big and small plans
rpwo employers who have _L organised profit sharing described their schemes at the latest meeting of the Catholic Industrialists' Conference at Oxford.
One scheme is pure profit sharing, without shareholding.
This is based on an agreed systern of merit records, which is particularly suitable for the small firm where the managing director knows everything that is going on; valuable, too, in that monthly figures are issued of the profits " pool " and these now and again show a minus quantity.
The other scheme is more suitable for a public company with a Stock Exchange quotation. It is designed to provide a simple mechanism whereby an employee can, if he wishes, acquire shares in the company at the market price but without the extra cost of stamp duty and stockbrokers' charges.
At their next conference the industrialists will discuss automation.