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Lincoln Electric Incentive System
Member rating: No Rating | Words: | Submitted: Tue Jun 20 2006
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Balogova Jana F00A BSM 405 24.02.2004 Lincoln Electric Incentive System Labor Standards: The Lincoln Electric is regarded as a leader in its industry because of its diligent workers, high technology and quality, worldwide manufacturing capability, efficient distribution, good customer services, and incentive management system. The Lincoln Electric is using incentive management system which means "paying for performance". The company system is based on two key elements: 1. they give employees responsibility 2. they recognize employees for good work and pay them for it 1. In the case of giving worker responsibility, the attendance is important. The workers have to come to work, otherwise they are not paid. Another responsibility is self-management, which means that all workers have to manage the business and all managers have to work. This also means a communication between workers and management which enables the flow of information and good relations. The self-inspection or self-check is also important....
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