Word: plans
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Dates: during 1930-1939
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...total reported earnings of Harvard students during the year was $288,085, as compared to $272,088 the previous year. The work obtained by students through the Student Employment Office included jobs under the Temporary Student Employment Plan, financed by the University, and wages from Harvard organizations such as the CRIMSON, Phillips Brooks House and the Chapel Choir...
...profit-sharing idea, was worked out after Jay Hormel figured that 80% of his Austin plant's income went to employes in wages, 20% to stockholders in dividends. Although last year's $1,031,000 net income would have given workers no extra money under the plan, Packer Hormel thinks his program may inspire efficiencies, hence increase profits...
Armstrong Cork Co., manufacturer of linoleum, insulation and bottle stoppers, offered employes a "makeup pay" plan to bring their wages up to 24 hours a week if actual employment falls below that minimum. Its workers, depending on length of service, will be able to draw 54 to 120 hours' pay to make up below-minimum employment. Armstrong's President Henning Webb Prentis Jr., one of the more vociferous U. S. Big Businessmen, said the plan was "experimental," would be tried out at least through...
Hormel & Co., still in the van of the parade, last week came out with something brand-new, a "joint earnings plan." During the current fiscal year (ending October 1939) the total of all profits and wages of Hormers Austin plant will be reckoned up. At year's end this theoretical kitty will go 80% to employes, 20% to stockholders. If the employes' 80% fails to cover the pay they have already received, they will get no more. If it more than covers their pay, the surplus will be divided 80-20 until the workers have been given four...
That Hormel executives are classed as employes and will share in the plan is altogether logical. For Jay Hormers executives go to work at the same time as his packers-7:30 in summer-and President Hormel works at a steel desk that is exactly like 250 other steel desks in Hormel's single vast executive office...