The Lincoln Electric Company: The Culture Of The Lincoln Electric Company

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The Lincoln Electric Company was founded in 1895 by John C. Lincoln. The initial investment to get the company off of the ground was $200, and it was not until a few years later in 1907 that they manufactured their first welding equipment. One of the first things that stands out in reading the article as it relates to continuing influence on the company is that James Lincoln asked employees to help him with company operations and formed a committee that met two times a month. This committee helped in getting the number of hours worked each week reduced from 55 working hours to 50 working hours. Seeing the need to continue to make the workplace a desirable one, the company decided to provide a fully paid life insurance policy as well as starting a welding school. The founders continued to have influence on the company by continuing to make it a great place to work. The developed vacation plans and workplace benefits to keep morale high and retain quality workers. They even created a pension plan and a system that allowed the promotions to occur from within. Founders remained engaged in seeing the company prosper and never lost…show more content…
They strive to push their employees to be the best they can be. Tying bonuses to productivity makes everyone strive to be the best they can. By not having an organized union, employees can help out wherever needed, as opposed to a union that limits the job someone can do based on their classification. After reading the interviews conducted with employees, they all seem to have positive things to say about the company. None wish to leave and they know they are compensated very well for their work compared to other companies doing the same job. I believe their culture is based primarily around compensation, but it’s the type of performance based culture that makes people want to work harder because their production does not go
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