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The Adjustment of Wages to Efficiency; Three Papers

The Adjustment of Wages to Efficiency; Three Papers


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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: THE PREMIUM PLAN OF PAYING FOR LABOR. BY F. A. HALSEY. This plan has been devised in order to overcome the objections inherent in the other plans in general use. It accomplishes this purpose without introducing corresponding objections of its own. Its merits are best shown by contrasting it with the other plans in common use, and it will be discussed with them in the following order: I. The day's-work plan. II. The piece-work plan. III. The profit-sharing plan. IV. The premium plan. i. The Day's-work Plan. Under this method the workman is paid for and in proportion to the time spent upon his work. The objections to the plan are well known. Analyzed to their final cause, they spring from the fact that any increase of effort by the workman redounds solely to the benefit of the employer, the workman having no share in the consequent increase of production. He has consequently no inducement to exert himself and does not exert himself. Under this system, especially in a manufacturing business, matters naturally settle down to an easy-going pace, in which the workmen have little interest in their work, and the employer pays extravagantly for his product. II. THE PIECE-WORK PLAN. Under this plan the workman is paid for and in proportion to the amount of work done. It is a natural attempt to overcome the objections to the day's-work plan. It has the appearance of being just and of being based upon correct principles. Nevertheless, extended inquiry has convinced the writer that it seldom works smoothly, and never produces the results which it should. An employer who has become dissatisfied with the results of the day's-work plan, and decides to adopt piece-work, usually reasons that work which is costing in wages, say one dollar per piece, could, with some e...


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Product Details
  • ISBN-13: 9780217623414
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 26
  • Spine Width: 1 mm
  • Width: 189 mm
  • ISBN-10: 0217623417
  • Publisher Date: 07 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 68 gr


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