CORPORATIONS: Incentive

In General Controls Co.'s plant at Glendale, Calif., nobody wastes time going out for coffee, hanging around the water stand, or watching the clock. This week General Controls, manufacturer of more than 400 products ranging from home thermostats to jet engine controls, showed why. In 1950, said the company, its 1,050 employees were paid bonuses of $2,050,000, an average of about $2,000 apiece above their salaries. Reason: a liberal incentive plan, which makes it pay to work harder. The plan paid off in another way. In 1950 General Controls' sales nearly doubled...

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