Product details

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Abstract

The production director of an engineering company was asked by his managing director to devise a monetary incentive scheme to supplant the existing system of piecework time allowances. The resultant group bonus scheme ran well for several years, but the production director then wondered if it could be improved, especially as standard costing had recently been introduced into the company.
Location:
Size:
1,000 employees
Other setting(s):
1946-1956

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Abstract

The production director of an engineering company was asked by his managing director to devise a monetary incentive scheme to supplant the existing system of piecework time allowances. The resultant group bonus scheme ran well for several years, but the production director then wondered if it could be improved, especially as standard costing had recently been introduced into the company.

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Location:
Size:
1,000 employees
Other setting(s):
1946-1956

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