Difference between revisions of "Labour Share"
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By default, the Labour Share Fraction is: | By default, the Labour Share Fraction is: | ||
| − | * 0.5 in Worker Co-operatives and Employee-Owned Social Enterprises | + | * 0.5 in [[Worker Co-operative|Worker Co-operatives]] and [[Employee-Owned Social Enterprise|Employee-Owned Social Enterprises]] |
| − | * 0.35 in Social Enterprises and Social Co-operatives | + | * 0.35 in [[Social Enterprise|Social Enterprises]] and [[Social Co-operative|Social Co-operatives]] |
Revision as of 11:20, 22 June 2014
The Labour Share of Surplus is calculated using the Labour Share Fraction defined in Clause 40, and can only be changed by Special Resolution in General Meeting.
By default, the Labour Share Fraction is:
- 0.35 in Social Enterprises and Social Co-operatives
The Labour Share is calculated as follows:
[Surplus] x [Labour Share Fraction]
Each members’ proportion of the Labour Share is allocated as follows:
[Labour Share] x (Member’s Labour Shareholding / All Issued Labour Shares).
For example, if the Labour Share is £11,000, and a member has 10 Labour Shares of 180 in issue, their share would be:
11,000 x (10/180) = £611.11
Return to the FairShares Glossary.
