Lincoln Electric

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Title: Lincoln Electric

Essay Details:

Subject: Miscellaneous

Author: Thomas S

Date: September 14, 2015

Level: University

Grade: A

Length: 4 / 1020

Essay text:

They’ve had steady growth in net income for four decades. The relative productivity of their workers has far surpassed those in other related industries. And if keeping costs down wasn’t enough, their view as a high-quality producer in their limited product lines. But what is it about Lincoln that makes these kinds of incentives, especially the piecework plan, effective? Other companies sell their shares to employees but wouldn’t dream of implementing a piece-rate system. Other companies promote heavily from within, but stick with salaries and hourly wages. What are the attributes of Lincoln that make piecework work? 1...

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