The Union of the Future and the Future of the Unions

The results of a repeat survey on the financial performance and management of TUC affiliated unions are reported. Data are available for 1989 and 1993, covering income, expenditure, the management of investments, and wealth. Unions remain in a precarious financial position, dependent on subscription...

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Bibliographic Details
Main Authors: Morris, T, Willman, P
Format: Journal article
Published: 1994
Description
Summary:The results of a repeat survey on the financial performance and management of TUC affiliated unions are reported. Data are available for 1989 and 1993, covering income, expenditure, the management of investments, and wealth. Unions remain in a precarious financial position, dependent on subscription revenue and the threatened check-off mechanism to deliver it. The management of expenditure is still a critical issue, since the net worth of many unions is small. Financial management is becoming more important and more sophisticated. Unions continue to centralize resource management, but many changes remain constrained by the political nature of financial management within voluntary organizations.