RELATION BETWEEN WAGES AND BONUS.--Wages and bonus are closely
related. By wages we mean a fixed sum, or minimum hourly rate, that
the man gets in any case for his time, and by bonus we mean
additional money that he receives for achievement of method,
quantity or quality. Both might very properly be included under
wages, or under money received for the work, or opportunities for
receiving money for work, as the case might be. In the discussion of
the different ways of paying wages under Scientific Management,
there will be no attempt to discuss the economic value of the
various means; the different methods will simply be stated, and the
psychological significance will be, as far as possible, given.
Before discussing the various kinds of wages advised by the
experts in Scientific Management, it is well to pause a moment to
name the various sorts of methods of compensation recognized by
authorities. David F. Schloss in his "Method of Industrial
Remuneration" divides all possible ways of gaining remuneration
into three--