<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The article discusses the issues of employee financial participation in Baltic states which differs and depends on political, legal and economic preconditions. The aim of the research is to analyse employee financial participation as an instrument for collaboration in companies and a new social cooperation model in the Baltic states. The qualitative research was conducted by telephone and e-mail in 2016. The interviews were carried out with the experts (academics, civil servants, lawyers and human resource consultants working in a relevant field) as well some trade union and company representatives. In general, the new policy for supporting employee financial participation has been renewed in Latvia and Lithuania. It started recently with the revision of the legislative framework that was initially established during the privatisation period. The revision of the Law of Companies was driven by the business interest (to have a new effective human resource management tool or to transfer employee share plans from parent companies in Western countries to subsidiaries in the Baltic states) to introduce (or revise, in the case of Lithuania) new employee share ownership (ESO) plans. The research has also proven that there are common similarities in the use of employee financial participation plans despite the existing differences which are based on national features, such as tax and legal regimes, historical development patterns, or economic and structural factors.</p></abstract>

The article discusses the issues of employee financial participation in Baltic states which differs and depends on political, legal and economic preconditions. The aim of the research is to analyse employee financial participation as an instrument for collaboration in companies and a new social cooperation model in the Baltic states. The qualitative research was conducted by telephone and e-mail in 2016. The interviews were carried out with the experts (academics, civil servants, lawyers and human resource consultants working in a relevant field) as well some trade union and company representatives. In general, the new policy for supporting employee financial participation has been renewed in Latvia and Lithuania. It started recently with the revision of the legislative framework that was initially established during the privatisation period. The revision of the Law of Companies was driven by the business interest (to have a new effective human resource management tool or to transfer employee share plans from parent companies in Western countries to subsidiaries in the Baltic states) to introduce (or revise, in the case of Lithuania) new employee share ownership (ESO) plans. The research has also proven that there are common similarities in the use of employee financial participation plans despite the existing differences which are based on national features, such as tax and legal regimes, historical development patterns, or economic and structural factors.

New social cooperation model in service oriented economy: the case of employee financial participation in the Baltic states

Faculty of Political Sciences and Diplomacy

Engineering Management in Production and Services

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

The article discusses the issues of employee financial participation in Baltic states which differs and depends on political, legal and economic preconditions....

New social cooperation model in service oriented economy: the case of employee financial participation in the Baltic states

Published Online: Oct 10, 2017

Page range: 37 - 50

Received: Jan 10, 2017

Accepted: Jun 08, 2017

DOI: https://doi.org/10.1515/emj-2017-0024

Keywords
Baltic states, company management, employee financial participation, employee ownership, profit sharing

© 2017 Remigijus Civinskas et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

New social cooperation model in service oriented economy: the case of employee financial participation in the Baltic states

Published Online: Oct 10, 2017

Page range: 37 - 50

Received: Jan 10, 2017

Accepted: Jun 08, 2017

DOI: https://doi.org/10.1515/emj-2017-0024

KeywordsBaltic states, company management, employee financial participation, employee ownership, profit sharing

© 2017 Remigijus Civinskas et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
Baltic states, company management, employee financial participation, employee ownership, profit sharing