Canadian grocer January-June 1910 . firm haa shown a consistent growth each year. So confident is themanagement of exceeding the budgetthat it has made a practice of settingaside, on the books, ten per cent, of eachemployes monthly salary check. Thisamount is retained in the bank until theclose of the year. Then, if the businesswarrants, checks for the ten per cent, onthe entire years salary are turned overto the employes. Thus, a salary of ?, for example, is paid in monthly in-stalments and, at the end of the year, ifthe budget has been duly exceeded, anadditional check for $300 is paid
Canadian grocer January-June 1910 . firm haa shown a consistent growth each year. So confident is themanagement of exceeding the budgetthat it has made a practice of settingaside, on the books, ten per cent, of eachemployes monthly salary check. Thisamount is retained in the bank until theclose of the year. Then, if the businesswarrants, checks for the ten per cent, onthe entire years salary are turned overto the employes. Thus, a salary of ?, for example, is paid in monthly in-stalments and, at the end of the year, ifthe budget has been duly exceeded, anadditional check for $300 is paid to theemploye, who thus becomes a partner inso far as he actually participates in theprofits of the firm. The plan is of obvious advantage tothe employe ; it gives him a substantialstimulus for eflort. It is of advantage tothe firm because it enables it to retainits employes. It capitalizes their socialand business connections to the extent ofattracting patronage. Every employe is,to a limited extent, a partner—and asalesman. 89. Why a New York Grocery Lived Seventy Years Seventy Years Ago the New York City Directory Showed Names of 571 Re-tail Grocery Stores—To-day There is Left But One Which Has Been DoingBusiness Continually and Under the Same Name — The Reasons for ThisAnalyzed—May be Adapted to Present Businesses. By E. M. Woodley in System. Two grocery clerks were about tostart in business. They regretted thatthey knew so little about the other gro-cers of their city, New York. Theirfriendly employer, interested, offered thisadvice : Dont trouble yourself about more than three or four of them,right in your neighborhood can possiblybe your competitors. Confine your at-tention to them. The two young partners discussed thisadvice. I wouldnt start in business, said(me, if I really believed Id be so insig-nificant that only three or four grocerieswould consider me a rival. Im goingafter every one of the 570 in this city. This was seventy years ago, in NewYork
Size: 1952px × 1280px
Photo credit: © The Reading Room / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1900, bookdecade1910, bookidcangrocerjan, bookyear1910
