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ERIC Number: ED317701
Record Type: Non-Journal
Publication Date: 1989-Sep
Pages: 47
Abstractor: N/A
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Innovative Compensation Systems: Implications for Employers, Unions, and Government. Background Paper No. 33.
Schuster, Michael
An examination of the innovative compensation systems called gainsharing, profit-sharing, pay-for-knowledge, two-tier wage plans, and lump sum bonuses has the following public policy implications: (1) more research is needed to evaluate the private and public sectors' experience with those alternative systems; (2) gainsharing and profit-sharing bonuses should not be given tax advantages because that would actually undermine those compensation plans; (3) the Department of Labor should reexamine the Fair Labor Standards Act to make it less difficult for employers to provide equal-percent gain- and profit-sharing bonuses in order to foster an atmosphere of teamwork while still complying with the act; (4) federal and state mediators should be trained to discuss the innovative systems during collective bargaining; (5) the money available to support area-wide labor-management committees such as the Buffalo-Erie County Labor-Management Council should be enhanced so that they can provide a delivery system for information dissemination; and (6) the government and employers should recognize that, regardless of the competition that has required employers to be cost-conscious when approaching wage decisions, there is nothing particularly innovative about reducing employees' wages and, in turn, their standard of living. (60 references) (CML)
Publication Type: Information Analyses
Education Level: N/A
Audience: N/A
Language: English
Sponsor: Department of Labor, Washington, DC. Commission on Workforce Quality and Labor Market Efficiency.
Authoring Institution: N/A