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A Brief History of Wage Incentives
Relationships of Wage Incentives to Other
Five Fundamental Types of Wage Incentive
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0otal Man-Hours 100 per cent 25 per cent acceptable actual hours allowances analysis average basis Bedaux Plan bonus earned bonus hours earned Bonus Plan break-even budget efficiency calculated cent bonus point changes chief industrial engineer controlled accounts cost reduction degree department head departmental determined developed direct labor discussed duction equipment equitable established Excess and Waiting factor Figure Figure 17 foreman Hour-for-Hour Plan hourly employees hourly rate incentive hours incentive installation inspection involved keyman incentive machine maintenance major material usage measured standards ment methods motion study non-standard Non-std obtained operation output paid participation pay period payment performance piece rates plant chief industrial plant manager policies practice Preinstallation problem production bonus proper rate structure relationship sound Split Plan spoilage standard data standpoint supervision hours supervisor tion Total Chargeable Hours Total Hours union unit cost wage incentive plan Waiting Time Hours waste bonus worker