Founder Values
James Lincoln was a man who believed in the “Christian ethic”. He did not preach, but he did build a company from the ground up. He completely separated business and religion, but believed in having good morals towards both. He believed in the idea of a quality product at a low cost. He was a very driven man who had to try a few times before he made it. He was able to, in 1906, build a three story factory after only starting the business with $200.00 in
1895. That in itself shows a lot of determination, and perseverance. James Lincoln was quoted as saying, ”build a better and better product at a lower and lower price.” That says a lot about …show more content…
Industry Demands
When it comes to the industry of welding machines, and electrodes, James Lincoln created it. He designed, and made the motors, he was an inventor. There was never a strict framework to which the company was structured.
Attraction-Selection-Attrition
There are a few good reasons people choose to work for the Lincoln Electric Company. The
Lincoln Electric Company does have very good incentives. This company is known for their bonuses that started way back in 1934. That first year of bonuses were 25% of wages. Since then, the bonuses have grown to literally a year’s salary. That is a great incentive for anyone who does not like to stand around at work. A busy worker is a productive worker, and most employees do not even take coffee breaks. This company does expect a high output, and
James Lincoln was a man who believed in the “Christian ethic”. He did not preach, but he did build a company from the ground up. He completely separated business and religion, but believed in having good morals towards both. He believed in the idea of a quality product at a low cost. He was a very driven man who had to try a few times before he made it. He was able to, in 1906, build a three story factory after only starting the business with $200.00 in
1895. That in itself shows a lot of determination, and perseverance. James Lincoln was quoted as saying, ”build a better and better product at a lower and lower price.” That says a lot about …show more content…
Industry Demands
When it comes to the industry of welding machines, and electrodes, James Lincoln created it. He designed, and made the motors, he was an inventor. There was never a strict framework to which the company was structured.
Attraction-Selection-Attrition
There are a few good reasons people choose to work for the Lincoln Electric Company. The
Lincoln Electric Company does have very good incentives. This company is known for their bonuses that started way back in 1934. That first year of bonuses were 25% of wages. Since then, the bonuses have grown to literally a year’s salary. That is a great incentive for anyone who does not like to stand around at work. A busy worker is a productive worker, and most employees do not even take coffee breaks. This company does expect a high output, and