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A rational wages system

The work presents a practical argument for a reward system that supplements wages with payments for efficiency, comparing it with day work, piecework, profit-sharing and bonus schemes and placing the idea within scientific management. It outlines how standards are established through routing, time-study, classification of tasks, instruction cards, allowances and efficiency calculations, and includes diagrams comparing various reward formulas and recognized systems. The author emphasizes safeguards to protect health and skill, the importance of cooperation between employers and workers, and practical guidance for implementing and evaluating schemes intended to raise output while maintaining fair pay.

About This Book

The work presents a practical argument for a reward system that supplements wages with payments for efficiency, comparing it with day work, piecework, profit-sharing and bonus schemes and placing the idea within scientific management. It outlines how standards are established through routing, time-study, classification of tasks, instruction cards, allowances and efficiency calculations, and includes diagrams comparing various reward formulas and recognized systems. The author emphasizes safeguards to protect health and skill, the importance of cooperation between employers and workers, and practical guidance for implementing and evaluating schemes intended to raise output while maintaining fair pay.

About the Author

Atkinson, Henry portrait

Henry Atkinson

Henry Atkinson was an author known for his work in the field of economics and labor relations. His notable book, "A Rational Wages System," explores the principles of fair compensation and the dynamics of wage structures. Atkinson's contributions to literature reflect a keen interest in the intersection of economic theory and practical application, aiming to provide insights that could benefit both employers and employees. His work remains relevant in discussions about wage equity and labor practices.

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