Croucher, R., Brookes, M., Wood, Geoffrey and Brewster, C.. (2010) Context, strategy and financial participation : a comparative analysis. Human Relations, Vol.63 (No.6). pp. 835-855. ISSN 0018-7267

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Abstract

This article investigates where financial participation is most likely to be encountered, and explores its compatibility with collective forms of employee voice. It is based on the findings of a major international survey of human resource management (HRM) practices. We found that financial participation was not affected by collective employee voice, but that national context and associated HRM strategies had significant effects on its nature and extent. As financial participation is likely to make for greater variation in wage rates, it tends to weaken industry-level bargaining. By re-casting the fundamental determinants of wages, it is also likely to facilitate greater wage dispersion within the firm. Hence, it was found that financial participation is more commonly encountered in liberal market contexts, and in firms practising calculative HRM, where countervailing employee power is weak, whether or not collective bargaining is formally present.

Item Type:	Journal Article
Divisions:	Faculty of Social Sciences > Warwick Business School > Strategy & International Business Faculty of Social Sciences > Warwick Business School
Journal or Publication Title:	Human Relations
Publisher:	Sage Publications Ltd.
ISSN:	0018-7267
Date:	2010
Volume:	Vol.63
Number:	No.6
Page Range:	pp. 835-855
Identification Number:	10.1177/0018726709343654
Status:	Peer Reviewed
Publication Status:	Published
URI:	http://wrap.warwick.ac.uk/id/eprint/50962

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