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The Use Of Merit Pay And Incentives
The purpose of this paper is to explore
as motivators for increased productivity. The key focus is the system at
Richmond Memorial Hospital. To do so, one must begin at the beginning…..
The use of financial incentives (financial rewards) paid to workers whose
production exceeds some predetermined standard was popularized by Frederick
Taylor in the late 1800s. As a supervisory employee of the Midvale Steel
Company, he had become concerned with what he called "systematic soldiering".
This was the tendency of employees to work at the slowest pace possible and the
fact ....
Word count: 1708 - Page count: 7
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