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Variable pay and collective bargaining in British retail banking
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Arrowsmith, James and Marginson, Paul (2011) Variable pay and collective bargaining in British retail banking. British Journal of Industrial Relations, Volume 49 (Number 1). pp. 54-79. doi:10.1111/j.1467-8543.2009.00768.x
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Official URL: http://dx.doi.org/10.1111/j.1467-8543.2009.00768.x
Abstract
The growth of variable pay schemes (VPS) appears to threaten collective approaches to pay determination, which are based on standardization and centralization. This article utilizes case study research to analyse the still little-known relationship between collective bargaining and VPS. It focuses on the retail banking sector, where trade union representation and collective bargaining remain relatively robust. The research identifies an emergent process whereby the growth of bonus schemes has both supplanted collective profit-share and permitted greater standardization of merit-pay awards. Unions have therefore achieved some success in terms of limiting variation in base pay, at the same time as the overall purchase of collective bargaining on employee earnings has diminished. The factors contributing to this development are explained.
| Item Type: | Journal Article | ||||
|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HG Finance |
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| Divisions: | Faculty of Social Sciences > Warwick Business School | ||||
| Library of Congress Subject Headings (LCSH): | Banks and banking -- Great Britain, Merit pay -- Great Britain, Collective bargaining -- Great Britain | ||||
| Journal or Publication Title: | British Journal of Industrial Relations | ||||
| Publisher: | Wiley-Blackwell Publishing Ltd. | ||||
| ISSN: | 0007-1080 | ||||
| Official Date: | March 2011 | ||||
| Dates: |
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| Volume: | Volume 49 | ||||
| Number: | Number 1 | ||||
| Page Range: | pp. 54-79 | ||||
| DOI: | 10.1111/j.1467-8543.2009.00768.x | ||||
| Status: | Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Access rights to Published version: | Restricted or Subscription Access | ||||
| Funder: | Economic and Social Research Council (Great Britain) (ESRC) | ||||
| Grant number: | RES-000-23-0453 (ESRC) |
Data sourced from Thomson Reuters' Web of Knowledge
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