Payment by Results: Introduction, Organization, Rate-Fixing (Paperback) (ISBN-13: 9781025901268)

"Payment by Results; Introduction, Organization, Rate-Fixing" is an authoritative study on the implementation and management of incentive-based compensation systems within industrial environments. James Edward Powell presents a detailed analysis of how piecework and premium bonus schemes can be utilized to enhance productivity while maintaining equitable labor relations. The work serves as a practical manual for the organization of production and the scientific determination of wage rates.

The text is structured to guide the reader through the introductory phases of payment by results, the organizational adjustments necessary for success, and the intricate technicalities of rate-fixing. Powell addresses the challenges of balancing efficiency with worker morale, providing insights into the administrative frameworks required to oversee complex remuneration plans. Focusing on the technical and psychological aspects of labor, the book explores the foundational elements of modern industrial engineering and personnel management. This work is an essential resource for historians of business and economics, as well as students of industrial management seeking to understand the historical roots of performance-based pay and labor efficiency standards.

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