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The Iron Age 1912-12-05: Vol 90 Iss 23

1912 Reed Business Information US

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THE IRON A« Established 1855 New York, December 5, 1912 q ~ SN Ss a. s N SS ~ NS Vol. 90: No. 23 A Coupon Card System for Labor Records How a Perpetual Balance Between Produc- tive and Non-Productive Labor is Maintained in a Machinery Manufacturing Plant A prominent machinery house which operates an iron foundry as well as machine shops has developed, in con- nection with its cost department, tains, at small expense, a perpetual record of all labor, productive and non-productive. is a daily coupon time card, The fundamental factor supplemented by a weekly a system which main- cost card, compiled from the coupons. The system works to insure a true balance between actual expenditure for labor, on the one hand, and dis- tributed labor cost on the other. tion, is Charged to some account, and is recorded on the Their total, therefore, must agree with the pay roll, which is obtained from entirely independent that is to say, from the time clock for ordinary day labor, from the records of the bonus system in the coupons, Fig. 1. sources ; shops and of the piece work system which prevails to some extent in the foundry. The time cards § from which the coupons are de- tached afford the means …

Citation

The Iron Age 1912-12-05: Vol 90 Iss 23. Reed Business Information US. 1912.