Essay on Lincoln Electric Case Study

1461 Words Jan 23rd, 2011 6 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,
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Compensation Basic wage levels for jobs at Lincoln are determined by a wage survey of similar jobs in the Cleveland area. These rates are adjusted quarterly in accordance with changes in the Cleveland area wage index. Insofar as possible, base wage rates are translated into piece rates. Today the average Lincoln factory worker earns $16.54 an hour versus the average $14.25 manufacturing wage in the Cleveland area. Vacations The company is shut down for two weeks in August and two weeks during the Christmas season. Vacations are taken during these periods. For employees with over 25 years of service, a fifth week of vacation may be taken at a time acceptable to superiors. Work Assignments Management has authority to transfer workers and to switch between overtime and short time as required. Supervisors have undisputed authority to assign specific parts to individual workers, who may have their own preferences due to variations in piece rates. Employee Participation in Decision Making Formal authority is quite strong. Lincoln placed a good deal of stress on protecting management’s authority. Management in all successful departments of industry must have complete power. Management is the coach who must be obeyed. There are several ways in which employees participate in management at Lincoln

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