Essay on Lincoln Electric Case Study

1478 Words6 Pages
Lincoln Electric
Case Study

Table of Contents
Introduction……………………………………………………………….….…3
Vision, Mission and Value statement………………………………….……….3
Attitude towards Customer……………………………………………………..3
Attitude towards Stockholders……………………………………..…….….….4
Attitude towards Unionism………………………………………………..……4
Beliefs and Assumptions about Employees………………………..……..….…4
Management incentive and Employee Bonus Plans……………..…….….…....4
Human Resources Practices……………………………………………...….….5
Strategic Issues……………………………………………………………….…7
Reference...................................................................................................,,,,…...9

Lincoln Electric
The Lincoln Electric was founded in 1895, and is the world leader in the design,
…show more content…
An example is promoting employee involvement in cost reductions and quality improvements. Human Resource Practices Recruitment and Selection Every job opening is advertised internally on company bulletin boards and any employee can apply for any job so advertised. External hiring is permitted only for entry-level positions. Selection for these jobs is done on the basis of personal interviews--there is no aptitude or psychological testing. A committee consisting of vice presidents and supervisors interviews candidates initially cleared by the Personnel Department. Final selection is made by the supervisor who has a job opening. Job Security Lincoln not only earned profits, but no employee was laid off and year-end incentive bonuses continued. To weather the storm, management cut most of the nonsalaried workers back to 30 hours a week for varying periods of time. Many employees were reassigned, and the total workforce was slightly reduced through normal attrition and restricted hiring. Performance Evaluations Each supervisor formally evaluates subordinates twice a year using the cards. The employee performance criteria, “quality,” “dependability,” “ideas and cooperation,” and “output” are considered to be independent of each other. Suggestions for improvements
Get Access