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The Iron Age 1928-05-24: Vol 121 Iss 21

1928 Reed Business Information US

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THE IRO New York, May 24, 1928 ESTABLISHED 1855 AGE Bonus System for Foremen Controllable Burden and Labor Expenditures Feature Information Given Minor Executives ROGERS PECIAL information respect both the cost and economy plant policy taking each fore- man into its confidence far controllable burden and labor expenditures his bonus calculated. departments. department are concerned, are features foremen’s bonus system used Smith Corporation, Milwaukee. Results obtained blanks reproduced the next two operation, combined with the pages indicate how foreman’s monthly They cover the cases both so-called productive With perfect record, the bonus amounts per cent the foreman’s salary for the the month. One-fifth the bonus, per cent the salary, covers performance for which alone held responsible. The remainder, FISKE something interesting. They soon learn that burden active factor the the cost production, and that impossible man ufacture without it. The problem and non-productive burden the minimum and holding there becomes special interest the man when shares the sav- ings. the policy the are high-grade workmanship, points, allotment measuring the Smith Corporation low-cost production an…

Citation

The Iron Age 1928-05-24: Vol 121 Iss 21. Reed Business Information US. 1928.