Google Answers Logo
View Question
 
Q: employee participation ( Answered 3 out of 5 stars,   4 Comments )
Question  
Subject: employee participation
Category: Business and Money > Employment
Asked by: decision_making888-ga
List Price: $80.00
Posted: 11 May 2005 14:22 PDT
Expires: 10 Jun 2005 14:22 PDT
Question ID: 520579
the employee stock ownership plan and teamwrok are two important
methods of employee participation, i need to know the informations and
some real examples of these two methods that intended and actual
contribution to organisational performance, managerial control,
employee commitment and employee well-being.
Kindly provide a reply within 24 hours.
Answer  
Subject: Re: employee participation
Answered By: wonko-ga on 14 May 2005 11:26 PDT
Rated:3 out of 5 stars
 
Here are two well-known examples of employee ownership and teamwork
from corporate America.

Sincerely,

Wonko

United Airlines is a famous example of employee ownership that is
widely believed to have been successful for a time.  The attacks of
September 11 and the broader problems in the airline industry as a
whole have resulted in United Airlines' problems rather than obvious
flaws in its ESOP.

"United Airlines Captain James Curtin believes in employee ownership.
Back in 1994, he eagerly joined thousands of fellow employees who got
their hands on a 55% equity stake in the carrier's parent, UAL Corp.
(UAL), in exchange for steep pay cuts. What he has seen since, Curtin
says, has confirmed the wisdom of that record $4.9 billion swap:
uninterrupted labor peace, job security, worker clout in the
boardroom, an expanding airline that is the world's largest and,
often, most profitable, and a retirement nest egg for 80,000 present
and past employees."

"UAL's ESOP: From Milestone to Millstone?" By Michael Arndt, with
Aaron Bernstein (March 20, 2000)
http://businessweek.com/2000/00_12/b3673128.htm

"United today finds itself in bankruptcy, nine years after the ESOP's
inception. This current crisis is certainly not a result of
employee-ownership. On the contrary, United thrived through the late
1990's because of the cost savings created by the ESOP."

"IRS Ruling Signals End to UAL ESOP" The IAM (March 4, 2003)
http://www.goiam.org/territories.asp?c=4064

"For a while, it worked smoothly. Greenwald introduced task force
teams and invited pilots and mechanics into strategy sessions to help
cut costs. UAL's stock price more than quadrupled by late 1997."

"United Experiment Falters" by Dave Carpenter, Associated Press (March
4, 2002) http://starbulletin.com/2002/03/04/business/story1.html

An article on employee ownership in general:

"How Employee Ownership Is Good For Business" By Martin Staubus,
Beyster Institute (May 2005)
http://www.beysterinstitute.org/includes/cfbin/output/article_slot_view.cfm?ID=628210

Employee Involvement is a teamwork promotion process negotiated
between Ford and the UAW in 1979.  It is viewed as being successful.

"In the late 1970s, the parties explored Employee Involvement (EI) as
a way to enlist worker commitment and effort. The objective was to
improve product quality and plant operations, as well as to enhance
employees' satisfaction with their jobs and with the business. EI was
formally adopted in 1979 as a voluntary process. It quickly proved its
value in a severe economic downturn which precipitated one of the
Company's deepest financial crises and reduced the work force by
almost one-half."

About the NPC" UAW  http://www.uawford.com/sub_about.html
"Employee Involvement" UAW http://www.uawford.com/ei.html

"Progress is seen in the fact that instead of being in ?serious
financial trouble,? they are setting record profits and their quality
has improved. Paul A. Banas, former Manager of Employee Development
Strategy and Planning at Ford Motor Company, believes their
participative management and employee involvement program has directly
contributed to their 65 percent improvement in quality between 1980
and 1986 and their record-breaking profits in 1987 and 1988 [2, p.9]."

"The Power of EI At Ford" by D. Keith Denton, CIVID3.com (2003)
http://www.civid3.com/powerofeiatford(full).htm

Ford's program was copied from its Japanese competitors, who had long
had a strong culture of employee involvement in the form of "quality
circles."

"Employee Involvement -- A Vital Aspect Of Total Quality Management" C
& K Management Limited (2003)
http://www.themanagementor.com/kuniverse/kmailers_universe/manu_kmailers/QM_employee.htm
decision_making888-ga rated this answer:3 out of 5 stars

Comments  
Subject: Re: employee participation
From: accountantonthemove-ga on 11 May 2005 18:52 PDT
 
I work for a company that allows employees to contribute up to 20% of
our base salary to buy shares and the employer matches that at 100% so
we are basically buying our shares at half price. currently over 87%
of eligible employees ( those who have completed 3 months of
service)participate with the average employee contributing 14% of
their wage
Subject: Re: employee participation
From: accountantonthemove-ga on 11 May 2005 18:54 PDT
 
( company is westjet)- see www.westjet.com and go to investor
relations for copy of annual reports- we are known for our committment
to the company and voted most respected corporation in canada,number
one for customer service due to our culture- its our company and we
want it to succeed
Subject: Re: employee participation
From: decision_making888-ga on 14 May 2005 09:18 PDT
 
thank you for your guys comms, is that anyone could give me more real examples?
Subject: Re: employee participation
From: decision_making888-ga on 15 May 2005 08:05 PDT
 
thanks a lot wonko-go, the ESOP part is really helpful, however as
person in senior managment level, how to develop an in-depth knowledge
when managing groups toward meeting both organisational and personal
goals? real example needed. if you could give me more journal web
links (last five years), will be appreciated.  thanks again!

Important Disclaimer: Answers and comments provided on Google Answers are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Google does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. Please read carefully the Google Answers Terms of Service.

If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you.
Search Google Answers for
Google Answers  


Google Home - Answers FAQ - Terms of Service - Privacy Policy