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The Iron Age 1917-06-28: Vol 99 Iss 26

1917 Reed Business Information US

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ESTABLISHED 1855 Wages for Ability, Output and Service THE IRON AGE 2 a New ‘York, June 28, 1917 Vol 99 No. 6 Human Factor Problem as Met at Bullard Plant, Bridgeport — Maxi-Pay Plan, Production Bonus, Dp. W. & Speaking of the greatest problem of business management, Gen. George W. Goethals said: “How many business men do you think ever made an in- ventory of their employees? Depreciation is of in- finitely more importance in a study of payrolls than in a survey of machinery. And the mere experi- ence of years may bring depreciation rather than appreciation. I frequently think that ‘efficiency’ is a much over-strained word—sounds like nuts and screws—obnoxious when hammered out to employees without the lubricant of recognition of individual effort.” A happy phrase, that! “The lubricant of rec- ognition of individual effort!” It was the work- ing out of an endeavor to supply the lubricant that enabled the Bullard Machine Tool Co., Bridgeport, Conn., to increase its working force from 250 hands to over 1400 hands in a little more than a year in the face of the stiffest competition for labor that this country has ever known in the metal-working industries. And it was by refining the l…

Citation

The Iron Age 1917-06-28: Vol 99 Iss 26. Reed Business Information US. 1917.