Sociology

Workers are the most important asset of any organization. They can be considered as the basic building block which are the used by management to build up the organizations progress and reputation.  Realizing their importance, many organizations around the world allow for the involvement of workers and other levels of employees in major organizational decisions as well as profits. However, the participation of workers in organizational decision making and profits represent a very popular theme for the scholars working in the fields of Industrial Sociology, Industrial Relations and Management. The research in this regard actively focuses on the dynamics of the organization and of the relationship between workers and managements top cadre while also evaluating how the participation should take place.

Thesis Statement
Workers should be allowed for formulated participation in organizational control and profits.

Outline
I. Introduction
II. Background
a. The Need for Workers Participation
III Current Trends in Workers Participation in Management Decision Making
a. The Need for Worker Participation in Decision Making.
 b. Advantages and Disadvantages of Current Practices and Process used by Organizations.
IV. A Good Framework for Workers Participation in Management Decision Making.
V Workers Participation in Companys Profits
a. Current Processes for Profit Sharing in Organization.
b. The Need for a Profit Sharing Framework
c. Identification of Critical Factors in the Profit Sharing Framework.
VI. Conclusion

Annotated Bibliography
Blanchflower, D.,  Oswald, A. (1987). Profit Sharing- Can It Work. Oxford Economic Papers , 1-19.
This paper analyzes the impact of profit sharing on the performance of employees as well as organizations. It explores the options of cash-based profit sharing and partial buying of organizations shares in detail and analyzes the impact of both organizations on employees as well as the organization itself.

Budd, J. (2006). Employment with a Human Face Balancing Efficiency, Equity, and Voice. Cornell University Press.

The idea behind this book deals with the turbulence of workplace and the importance of work for individuals and society. The author of this book argues that contrary to the traditional view of the employment relationship as a purely economic transaction, with equity and voice are equally important objectives, hence a balance must be achieved between the traditional views and with fair treatment of employees and the opportunity to have a meaningful input into decisions.

European Trade Union Institute. (2010, January). Statutory worker involvement in company decision-making strengthens a democratic, social and competitive Europe . Retrieved February 11, 2010, from Worker Participation EU Website httpwww.worker-participation.eu

European Unions Official Website on Involvement of Employees in Workplaces. Provides information about the EUs regulations on workers participation in organization decision making and other issues. Also contains documents of research conducted by ETUI to facilitate and monitor the participation of workers across participant countries of the EU.

Noah, Y. (2008). A Study of Worker Participation in Management Decision Making Within Selected Establishment in Nigeria. Journal of Social Sciences , 31-39.

The research paper investigates the level of worker participation in management decision making in Nigerian Companies. This paper serves as good source for demonstrating the interest and motivation of employees in management decision making. It also investigates the relationship that exists between employees interests and their various attributes.

Ros, A. (2001). Profits for all the cost and benefits of employee ownership. Nova Publisher.
This book examines the working and functioning of employee-owned organizations in market economies while analyzing the data collected from US and Brazilian employee-owned firms to test various hypotheses about employee ownership. The literature included in the book covers a wide range of topics on employee ownership and also measures the productivity of these organizations against privately-owned firms.

Smith, V. (2006). Worker participation current research and future trends. Emerald Group Publishing.
This books offer cutting edge research on the characteristics as well as implications of workplace participation. Topics covered in this book include how worker participation schemes are constructed and negotiated, the attachment of workers with involvement in workplace as well as theoretical treatments that calls for developing new ways of workplace participation.