W FINANCIAL PARTICIPATION

To the terminus of the project it has been proposed the following:

Proposed General Agreement

After a deep reflection and analysis, in order to continue developing the knowledge of the realities within the concept of the Financial Participation, the partners of the project «W. Financial Participation: Which Future?» agree on the following points:

1. Financial participation lays down in a pscychologic element;
2. The application of the financial participation must be open to all the workers, but on a voluntary basis;
3. Financial participation should be introduced in a very ponderous way and having in mind the concrete circumstances of each case;
4. Financial participation should be developed and enlarged, however such must be preceded, by a fiscal revision;
5. Financial participation is the atypic element of the social relation, on the way it is presented;
6. Wage and income from the financial participation are different realities, the income of the financial participation cannot be included in the wage of the worker;
7. The introduction of the financial participation should be promoted by the social partners;
8. Financial participation can lead to some unfairness resultant of the non concrete determination of the value of the work of each worker;
9. The general application may be considered inconvenient;
10. It is necessary a clear definition of the concept of financial participation and the realities connect;
11. It is indispensable in what concerns financial participation, the development of training actions.

This have been accepted by SIMA, with some remarks however not very significant, specially regarding point 8, and by ZDS and GWU.

Despite gathering the acceptation of the remaining partners some of them had added some changes and comments to it:

IPSA, Maureen Brogan, Acting Director of IPSA:

Point 2 - IPSA does not believe that all the schemes need to be open to all workers. Some schemes, within the organizations, are more suited to certain categories of employees, as well are related to specific negotial objectives relevant only to certain categories of employees. This decision should be taken by the employer taking into consideration the organization’s needs;

Point 5 - Not understable;

Point 6 - proposed the introduction of the following: this depends on the circumstances, if the worker agrees; if is that the case the income of financial participation could be included in the wage;

Point 7 - IPSA believes that the consideration of the introduction of financial participation should be promoted but the final decision belongs to the management, in the best interests of the organization;

Point 8 - Not supported;

Point 9 - This is often due to the inflexibility of the approved schemes.

IPSA, George Tuthil, executive member of IBEC and Vice president of the International Association for the Financial Participation

He agrees, in general, with the document, but it should be given emphases to the communication and training of the employees before the introduction of any scheme. It must be showed that such is not only in benefit of the Company but also of each participant.

SIPTU, John McCartney:

Only point 8 deserves a remark: such statement could limit the free riding of the workers;

CCMB, Hugo Limpens:

Point 1 - it should be changed to: In the debate on financial participation the psychological element plays an important role;

Point 2 - it should be changed to: If the scheme of financial participation is set up it must be open to all the workers, on a voluntary basis;

Point 4 - it should be changed to: In the case a scheme of financial participation be introduced this should be done in a very ponderous way and taking into account the concrete circumstances of each case;

Point 5 - Not supported;

Point 8 - Not supported;

Point 11 - It must be priority.