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Home 2017 August

“No person can get very far in this life on a 40-hour week.”

Working more hours does not make us more productive.  That seems counter-intuitive, but it’s true.  This was demonstrated by many studies conducted from the early 1900s to the 1950s.  In fact, Henry Ford, who was an early adopter of working fewer hours, reduced the work day in his plants from 10 hours to eight, and

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Compensation is an equity issue.

In American business, an individual’s compensation package, particularly among managers and sales people, frequently includes an incentive component.  An example might be a manager who is paid a base salary of $75,000, but is able to earn an additional $25,000 if he or she is able to achieve certain goals or outcomes.  The proposition is,

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