The entire system of wages and rewards to increase productivity in factory
Keywords:
factory, productivity, rewards, system, wagesAbstract
One of the latest tests to see whether one day or an industrial organization is functioning successfully or less successfully is the product units of that system. This assessment is not directly about the physical equipment, technology, or products of Japanese factories or about capital expenditures, and the stage of the companies being studied. However, there is a close relationship between social organization and the special attention currently paid to the question of productivity, apparently considering some special consideration of the problems which increase the effort to increase productivity in the large Japanese factories. Productivity - of course - is a relative measure, and the standard commonly used by Japanese executives is the output and cost of American factory production. In general, Japanese executives do not flatter their company when it comes to making such comparisons. Estimates need to be rough, and it can be difficult to mislead them to try to get an exact value. However, in comparing their factories to American factories producing the same goods, very few Japanese executives would speculate on a measure of productivity.
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