Word: bonus
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...grade him for everything from job performance to ambition, analytical ability, emotional stability, cooperation, decisiveness, coordination and responsibility. At General Motors, any man making more than $1,000 a month is "rated" by all the top officers of the company, for the purpose of deciding the size of his bonus, which is also a measure of his advancement. In theory at least, after years of such a process, a company will have a thoroughly blooded, thoroughly tested echelon of No. 2 men completely capable of taking over the top functions without disturbing the rhythm of the organization...
Another high-level suggestion: increase the enlistment bonus from the present $600 top to $1,500-$2,000. It takes about $14,600 to bring a raw recruit into one of the services and train him properly. One trained man with a bonus of $2,000, re-enlisted, theoretically puts the U.S. Government $12,600 to the good...
...Americans in costly Caracas, $1,000 a month is just about a rock-bottom wage. To switch jobs, one advertising executive was recently offered $1,200 a month, 15% of the firm's profits, two months' pay a year as bonus, and a membership share in the Valle Arriba golf club, now quoted at $7,000. Caracas' mountain-fringed East End, filled with ever more of the sleek, pastel-walled villas favored by the moneyed musius (as Venezuelans call foreigners, from monsieur), is one of the sights of South America. To staff such places and sustain...
...weeks alternated between weakness and firmness, lost ground. The peace agreement that it signed with anti-Communist unions (it refused to deal with the C.G.T.) abandoned some of the very economy decrees over which the strike had started. The government now promised to pay communications workers a year-end bonus, to leave transport workers' retirement schemes essentially untouched and to convene the collective bargaining board to consider raising minimum wages...
Among the oldest gimmicks for extra compensation are incentive bonuses. Many General Motors executives, for example, get their incomes doubled with liberal bonuses. But the major drawback to bonuses is that they are taxed as straight income (one top executive, who got a $25,000 bonus, paid $18,000 in taxes, used the rest to pay back what he had borrowed to pay the previous year's taxes...