Lincoln Electric

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Lincoln Electric
Presented By Kelsey Andersen Nicole Grant Nick
ONeill Kris Hansen Israel Sy Francis
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Lincoln Electric

• People are our most valuable asset. They must
  feel secure, important, challenged, in control of
  their destiny, confident in their leadership, be
  responsive to common goals, believe they are
  being treated fairly, have easy access to
  authority and open lines of communication in all
  possible directions (Lincoln Electric, 25)

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About Lincoln Electric

• Founded in 1895
• Headquartered in Cleveland
• Founded by James Lincoln
• Designs and manufactures
• arc welding products
• robotic welding systems
• plasma and oxyfuel cutting equipment

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Organizational Culture

• Very Unique Culture
• The values that the company holds have an impact
  on the companys success
• The company keeps a list of formalized values

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Organizational Structure

• No formal organization chart
• No formal chain of command
• Encourages employees to seek help from the person
  best able to provide it

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Organizational Structure

• Ways They Structure the Work to be Done
• Work Specialization
• Departmentalization
• Authority
• Job Rotation

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Continued

• Ways They Structure the Work to be Done
• Decentralization
• Formalization
• Communication

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Employee Benefit Packages

• Increased manufacturing wage
• Four weeks of paid vacation
• A comprehensive medical plan
• Disability Insurance
• A company-paid retirement program
• Profit-sharing plan

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Performance Evaluations

• MERIT-RATING CARD PICTURE
• Quality
• Dependability
• Ideas Cooperation
• Output

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Performance Evaluations

• Purposes
• Give feedback to employees
• Scores used to determine annual bonuses

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Impact of the Expectancy Theory

• Strong performance-reward relationship
• Strong reward-goals relationship
• Results in
• Increased Productivity
• Higher Profit Margins

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What Motivates Employees

• Compensation
• Salary
• Stock Options
• Organizational Commitment
• Psychological Empowerment
• Organizational Support

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Dependent Variables

• Employee Performance and Productivity
• Absenteeism
• Turnover
• Organizational Citizenship Behavior