1. The organisation must be as keen as, or even keener than, that of the Reward System.
2. The firm must have a highly specialised business.
3. Efficiency must be maintained under threat of dismissal.
4. The system must be adopted by only one or two firms in each trade.
Where these conditions prevail the system should be highly successful.
APPENDIX
A FLOATING WAGE RATE
The following suggestion for a floating wage rate would prove a perpetual automatic incentive to continuously high efficiency.