Factory and Industrial Management Volume 58, No. 4

Factory and Industrial Management Volume 58, No. 4

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 edition. Excerpt: ...needed in making any decision about a man, and this information is in such convenient form that it is used every day. There can be no doubt in the mind of any industrial executive that such a record would be very helpful; but the question very naturally arises, is it helpful enough to be worth the price? We find that the cost is not nearly so large as we had expected. To gather together all this information and summarize it on one card costs us between 60 and 70 cents per year per employee. Of course, all the records for this information are not kept at this low expense. For instance, this does not include the cost of making up the payroll, since it is necessary to do this anyhow; but it does include the cost of getting this information from the payroll, adding it up in fourweek periods and dividing the total number of dollars by the total number of hours. This is true of practically all of the other information. We simply use the records that are kept in other parts of the organization, summarize them and put them on one card. This brief description of our record card is in reality but little more than a "progress report," because the design of the card is only one small part of the entire undertaking. The next task is to give proper weight to each of the factors, to determine just what tool breakage and spoilage of work should be allowed the "average man," and to find a method of combining all of these things into one figure which will represent a man's "end efficiency" or general worth to the company. Through this method we hope to establish a scientific and almost automatic method of fixing wage rates. Considerable work has been done on this particular part of the problem, and we hope to be able to...show more

Product details

  • Paperback | 142 pages
  • 189 x 246 x 8mm | 268g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236796403
  • 9781236796400