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Volume :32 Issue : 121 2006      Add To Cart                                                                    Download

Employee Financial Participation in the Arabian Gulf Area: A Case Study of Selected Companies in the Sultanate of Oman (SO) and the United Arab Emirates (UAE)

Auther : Dr. EL-Khider A. Musa

     The subject of employee financial participation has received considerable attention from the academic community for a long time.  Accordingly, employee financial participation in business enterprises has long been argued for on account of its positive impact on productivity, industrial stability and human relations.  This research problem is meant to shed more light on workers financial participation in selected business enterprises in the United Arab Emirates (UAE) and the Sultanate of Oman (SO).  Because this research aims at soliciting the opinion of as many commercial companies in both countries as possible, it makes use of the questionnaire method.

     The study confirms that a significant number of chief executive officers of the participating companies are very much in favour of employee profit-sharing.  The rationale for this attitude is again typical of managements strategies to enhance productivity though motivation of employees.  When it comes to employee share ownership schemes, however, the majority of managers showed apprehensive attitude.  It is no wonder, therefore, that only two of the participating companies have reported existence of this type of employee owner-ship.  On the whole therefore, this indicates some progress on the road to more meaningful and effective employee financial performance for more productivity promotion in UAE and SO.  Nonetheless, a lot more needs to be done in this direction.  Among other initiatives, governments of both countries can come up with the legal framework to facilitate this kind of employee financial participation.  Moreover, both management and employee have to be educated on the importance of employee financial participation for the benefit of all.  Furthermore, companies and governments can also establish funds to help low-income employee buy shares.  Until this happens, employee financial participation will continue to exist on voluntary basis.

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