Lincoln's Incentive System

Lincoln's Incentive System

Lincoln's Incentive System

Lincoln's Incentive System

Excerpt

There has been much interest during the war in so-called "incentive" systems. Some attempt toward greater efficiency by some form of incentive has been used for many years.

So far as the author is informed, all such attempts are based on the payment of greater rewards for greater production on an agreed basis. These have had varying degrees of success and have been greeted with both cheers and jeers by those involved, depending on the results obtained and the point of view of the person in question.

Incentive management, as outlined in this book, goes far beyond these conceptions of incentive pay. Incentive management is a philosophy of industry and life, which starts with the needs of society and depends primarily for its success on the development in the individual of his latent abilities. It is not only a method of wage payment; it is an economic system.

There will be some readers who will expect that a formula for the successful application of the plan can and will be given. To those the author can only say that fundamental philosophy cannot be stated in a rule. Principles only can be stated and the results shown. This is done. It is well to remember in reading the plan that such philosophy has a universal application--not only in industry but in all activities that require the cooperative action of many people.

It should be remembered also that the English language, although the richest of all in its ability accurately to express . . .

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