The individual effort method of increasing the reward of the wage-earner includes all that is best in other methods, and attempts to exclude all that is objectionable. Its good points are summed up as follows

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Notes from Wikiquote

The standard time set is reasonable and one that can be reached without extraordinary effort, is in fact such time as a good foreman would demand. | An extra reward of one-fifth of the regular wages for the operation is given to whoever makes standard time. | Extra compensation above the hourly rate is paid even if standard time is not reached, although this extra compensation diminishes in percentage above standard time-and-a-half. | If longer than time-and-a-half is taken, the regulai day rate is paid. Of this, the wage-earner is also sure. | Standard time is carefully determined by observation and experiment, and is only changed when conditions change. | The arrangement is one of mutual benefit to both parties — of increased earning to the worker, of increased saving to the employer. | The employer loses more than the wage-earner if schedules do not encourage co-operation. | The wage-earner, working on a schedule, becomes in a large degree his own foreman. | The wage-earner determines his own earning power, and by co-operating to cut out wastes increases his own value.

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Quote text and notes from Wikiquote: Harrington Emerson (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.