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
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