While democracy is the dominant form of political system in the developed world, economic democracy, based either on ownership, management or financial participation of workers, remains relatively underdeveloped. The purpose of this thesis is to present the field of economic democracy and to investigate the reasons behind why the institute of employee participation in profit sharing, based on Zakon o udeležbi delavcev pri dobičku (ZUDDob), is not widely used in practice.
The thesis introduces key definitions and forms of employee profit participation and provides an overview of the institute`s historical development and the dichotomy between economic democracy and capitalism. A special chapter of the thesis is dedicated to the comparative legal aspect where, among other, are presented the main foreign practices of employee financial participation. Throughout the thesis I assess the initially set hypotheses and address the question what is the reason behind the relatively low share of employee profit participation in Slovenia.
Considering the relatively small number of companies that decided to sign the Agreement on employee participation in profit sharing based on ZUDDob, the question arises as to how the institute can be improved to make it more attractive for a wider range of companies. For this purpose, a special chapter of this thesis is devoted to the analysis of stakeholders´ responses, where I also present my critical view of the current situation and provide recommendations for improving the subject area in the future.
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