WAGE INCENTIVE plans pay off big for industry. A survey of IT management consultant firms, conducted by- John D. Dale, president of the George Elliot Co., shows that such plans increased productivity in 29 industries by an average of 63.55%. The survey turned up other gains. Employee earnings in the 29 industries, for example, increased by an average of 20.6%; the companies, in turn, came up with an average saving in unit labor costs of 25.91%. On the average, every 1% increase in wages earned by employees paid off in a 3.1% gain in productivity, with unit costs dropping 1.25%. The survey covered 2500 wage incentive plans in companies from every section of the U. S. Seventy-seven per cent of the plans date from 194S, with the rest installed during or before World War II. An average of 43 companies in each industry was sampled, with ...

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labor wage incentive plans management consultant

.Incentives Hike Productivity Survey shows wage incentive plans in 29 industries increased productivity by an average of 63.55%. 36 (52),21–22.

"Incentives Hike Productivity Survey shows wage incentive plans in 29 industries increased productivity by an average of 63.55%" 36

"Incentives Hike Productivity Survey shows wage incentive plans in 29 industries increased productivity by an average of 63.55%"