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The Economic Side of Works Management: (English)

The Economic Side of Works Management: (English)

          
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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1911 edition. Excerpt: ...rate is 30 cents per hour, the cost of the work would be $30. If. he does the job in ninety hours, with his hour rate 30 cents, the time wages on the job would be $27. He has saved, however, 10 per cent of the time, and gets a 10-percent increase in wages on the actual time cost. Should he do the work in eighty hours, the time rate would be $24. Twenty per cent time saved on $24, the time cost, would be $4.80. A comparison of the two tables will show the wage scale (wages rate 30 cents per hour) as worked out by the Halsey and the Rowan methods. COMPARISON OF DIFFERENT METHODS OF CALCULATING PREMIUMS.1 Halsey's Method. The reader will observe that while the Rowan plan compared with the Halsey method does prevent excessive earnings on the part of the employee when he multiplies his output many times, it on the other hand gives a decidedly '"Trade Unionism and Labor Problems," by John R. Commons, p. 287. greater reward to the workman until he more than doubles his productive capacity. Is this a desirable characteristic of a wage system? Does not the Rowan Premium tend to encourage the workmen to remain at a lower level of efficiency than the Halsey Premium? To be perfectly fair to Mr. Rowan, it should be stated that his rate is adjusted for the purpose of making special cuts unnecessary. If a man loiters about his work when the rate is being set, he cannot reap too great a harvest by "rushing." The scheme certainly does act automatically in reducing output cost, but it seems highly probable to the writer that men who work under it would be somewhat inclined to "nurse" their jobs when they found that their added exertions increased their wages so slightly as the system does in the later stages. In 1895, Mr. Fred W....


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Product Details
  • ISBN-13: 9781152451469
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 26
  • Series Title: English
  • Weight: 68 gr
  • ISBN-10: 1152451464
  • Publisher Date: 01 Jul 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 1 mm
  • Width: 189 mm


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