Hrm Lincoln Electric Case - 1044 Words

Lincoln Electric Case Study Analysis Overview of the Case of Lincoln Electric Lincoln electric established consistent HRM policies to build trust. This has been true since inception. This long history promotes confidence in employees and surety of future reward. Workers average $17,600 per year on standard 32 hour work weeks. They are able to earn about this same amount again in bonuses. This system creates high productivity. Lincoln Electric operates on a system of equality, cooperation, and need. Each employee is given the same number of hours as others. When business slows, all workers reduce hours equally. When overtime is needed, this workload is also distributed without favor to the workers. Today, Lincoln Electric is the†¦show more content†¦At these meetings, employees are able to bring up any production issue or worker grievance. This improves the company culture. Furthermore, this employee participation makes the company locally responsive by mining worker’s direct production knowledge as well as input from the open market. Part of th e investment of the workers is their own input. When workers have a say in goal setting and policy, they work much harder, and for much greater duration, than employees who simply receive goals and targets from upper management. Additionally, one of the rewards of effort is image. Lincoln Electric’s proud heritage extends fully to the workers. CEO, chairman, and president of the company, John M. Stropki, gave credit to the employees in his August, 2010 television interview with Liz Claman on Fox Business. This creates a corporate culture of worth in employees, and a sense of pride. This pride has real value and is part of the â€Å"benefit† package at Lincoln Electric. Potential Problems with Introducing Lincoln Electrics HRM Practices into China Operations Introducing the same system in China should only be employed following careful analysis and planning for initial, short-term modifications. A key element of the reward bonus system is trust. In China, trust between the common worker and people in power falls far short of the trust a citizen of the United States has for those who sign paychecks. In the U.S.,Show MoreRelatedEssay Case Study of Lincoln Electric Company875 Words   |  4 Pagesï » ¿ Integrative Case: The Lincoln Electric Company Tony Slattery Everest University Abstract â€Å"We are a global manufacturer and the market leader of the highest quality welding, cutting and joining products. Our enduring passion for the development and application of our technologies allows us to create complete solutions that make our customers more productive and successful. We will distinguish ourselves through an unwavering commitment to our employees and a relentlessRead MoreThe Company s Overall Strategy1813 Words   |  8 PagesIntroduction First established by John C Lincoln in 1895 in the United States of America, Lincoln Electric were solely committed to produce motors designed by its founder. Due to a combination of many efforts vision of the market and ambition of expanding its business activities, Lincoln Electric went on to became the biggest leading electrics manufacturers in the world. The present case study analyses the company’s overall strategy; philosophy; compensation methods; leadership style and communicationRead More Downsizing Essay2424 Words   |  10 Pagesworkforce – its most precious resource for growth and innovation. â€Å"Whoever retains organizational memory has a priceless asset. The people who know what make an organization perform maximally are assets not costs to be reduced† (Piturro 37). 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According to P innington and Edwards (2000)Read MoreRole of Cultural Factors in Shaping Human Resource Management6912 Words   |  28 Pages Human Resources Management (HRM) policies and practices that utilize the particular employees‟ potential to the fullest (Boxall Purcell, 2000; Grant, 1996). Thorough recruitment and selection processes, effective compensation systems, extensive training and development activities, adequate job satisfaction and employment security all impact positively on the overall business and performance of a corporation. It has also been found that if HRM is linked to the overall businessRead MoreFundamentals of Hrm263904 Words   |  1056 PagesResource Management—10th ed. ISBN-13 978-0470-16968-1 Printed in the United States of America 10 9 8 7 6 5 4 3 2 1 Brief Contents PA RT 1 Chapter 1 Chapter 2 UNDERSTANDING HRM The Dynamic Environment of HRM 2 Fundamentals of Strategic HRM 28 PART 2 Chapter 3 Chapter 4 THE LEGAL AND ETHICAL CONTEXT OF HRM Equal Employment Opportunity 56 Employee Rights and Discipline 84 PART 3 Chapter 5 Chapter 6 Chapter 7 STAFFING THE ORGANIZATION Human Resource Planning and Job Analysis 110Read MoreDevelopment of Bmw5406 Words   |  22 Pages2013). This will have a positive effect on the demand of BMW luxury cars because as you can see in the chart below, the average age of BMW owners is 49 years. In addition, the average age of a BMW 7-series owner is 51.7 year. Figure 6: With Lincoln, Ford Isnt in the Lap of Luxury. (Businessweek 2010) You may have also noticed that at least one major competitor of BMW also have the same averages drivers’ age. This will promote an even more intense competition between these two concerns becauseRead More Analysis Of The Success Of Cultural Change Within British Airways5971 Words   |  24 Pagesvalue on teamwork. Sethia and Glinow framework of defining culture describes this as an integrative culture reflecting a high concern for performance where people are treated in terms of respect for their contributions. (IBM, Hewlett-Packard, 3M, Lincoln Electric and Tandem are notable examples of integrative culture.) Awards were given with BA for excellence and an employee brainwave programme encouraged staff to put forward their ideas. This aided the cultural change in that it promoted an open environmentRead MoreAnalysis of the Success of Cultural Change Within British Airways6137 Words   |  25 Pagesvalue on teamwork. Sethia and Glinow framework of defining culture describes t his as an integrative culture reflecting a high concern for performance where people are treated in terms of respect for their contributions. (IBM, Hewlett-Packard, 3M, Lincoln Electric and Tandem are notable examples of integrative culture.) Awards were given with BA for excellence and an employee brainwave programme encouraged staff to put forward their ideas. This aided the cultural change in that it promoted an open environmentRead MoreA Case Study in Organisational Change Implication for Theory8390 Words   |  34 PagesA case study in organisational change: implications for theory Lindsay Nelson Introduction Organisation theory has developed through major epochs of classical, human relations and contingency approaches, all of which have contributed to the accumulation of knowledge about implementing change. The legacy of these approaches has been to regard organisational change as something of an aberration or a departure from the more usual static position of organisations. Hence, for example, Lewin’ s (1951)