Founded in 1895 by John Lincoln, Lincoln Electric today has manufacturing operations in 18 countries and sales of over a billion dollars. The company is in the business of providing quality welding and cutting solutions for more than 100 years. Lincoln Electric believes that its dedicated and talented workforce along with superior technology, among other factors keeps the company a leader and an innovator in the industry.
Explore this website and prepare a short report that answers the following questions:
• What is the primary motivating tool organization uses towards its employees?
• Does this company offer any type of profit sharing to its employees?
• What different programs do you believe the company utilizes to recognize employee contributions?
• How do they affect the company performance? Do they motivate you? Explain.
You will compare and contrast multiple benefit packages. You should choose three companies and one of them can be your current employer and research their employee benefit packages. What are their similarities? What are their differences? Based upon the content within the textbook, what do you think they should change to be more effective?