The use of Merit Pay Scales as Incentives in Health Care
Date Submitted: 03/07/2003 01:17:02
Category: / Business & Economy / Economics
Length: 6 pages (1714 words)
Category: / Business & Economy / Economics
Length: 6 pages (1714 words)
The purpose of this paper is to explore the use of Merit Pay and Incentives 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 …
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