English, Article, Journal or magazine article edition: Does profit sharing increase training by reducing turnover? John S Heywood; Colin Green

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Bookmark: http://trove.nla.gov.au/version/59566
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Does profit sharing increase training by reducing turnover?
Author
  • John S Heywood
  • Colin Green
Physical Description
  • preprint
Notes
  • We test the theoretical prediction that profit sharing reduces worker separations and by doing so increases the incidence of training. Using individual level UK data, we confirm that profit sharing is a robust determinant of lower separation rates and of greater training incidence. Critically, we cannot confirm the predicted link between separations and training. Instead, the evidence supports alternative theories suggesting a direct link between profit sharing and training. Our results suggest that profit sharing changes employer-worker relations in a way that leads to greater formal and informal investment in worker skills but that this is independent of its influence on reducing separations.
  • Profit shares, Performance pay, training, turnover
  • RePEc:lan:wpaper:005113
Language
  • English
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