Various modifications of piece work have been developed , all involving the features of a minimum task and of a premium for performance beyond that point. These plans are called "premium plans," "progressive wage systems," and "gain sharing." One of the first of these, Halsey's premium plan, fixes a standard time for a job, and if the worker falls short of, or merely attains to, that standard he gets the regular pay; but if he takes less than the standard time he receives a fixed premium per hour equal to one third of the wage for the time saved. For example, if the standard time is 10 hours for a $3 job the premium for speed is ten cents per hour, and the worker would receive 20 cents premium if he did the work in 8 hours ($2.40 + 20, total $2.60), and 50 cents premium if he did it in 5 hours ($1.50 + 50, total $2.00). His average wage per hour thus rises as his speed increases; it becomes 32.5 cents per hour when the job is done in 8 hours, and 40 cents per hour when the job is done in 5 hours. The reduction of cost per job to the employer evidently would be 40 cents in the first case and $1 in the second. This is Halsey's plan, by which the worker gets one-third and the employer two-thirds of the time saved.
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Bull Halsey was an Admiral in the US Navy. His full name is William Frederick Halsey, Jr. He became commander of the Third Fleet before the end of the war.
Sherman Halsey died on October 29, 2013, in Nashville, Tennessee, USA.
William Halsey is the naval admiral known as Bull.
nimitz wasn't on any naval vessel. he was in sick bay with a highly itching skin rash. actually this is incorrect, it is true that Nimitz was not present, he was in Pearl Harbor. however he was not the one with dermatitis, Bull Halsey was the one down with the rash, Raymond Spruance actually took temporay command of Halsey's carrier group for him during the Midway campaign
The American carriers were Yorktown, Hornet and Saratoga. The Japanese carriers were Kaga, Akagi, Hiryu, and Soryu. Sorry, Saratoga is not correct, it was the Big "E", USS Enterprise CV-6. Sara was recovering from torpedo damage. Halsey was out sick (Halsey's flagship was Enterprise), which gave command to Spruance. The Japanese had two light carriers supporting the aleutian attacks, as part of the overall plans.