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All employees at Lincoln Electric are eligible for annual bonuses, (except the top five officers of the company). ...
Given the real difficulties in the disadvantages of the merit rating system, how has Lincoln been able to avoid the conflict that may result from such an evaluation system?
· The evaluation system at the Lincoln is supported by other aspects of the company’s management systems such as
1. ... After all these systems in place if there is still a conflict from the merit rate system, then it can still be resolved through the coordination and integration system which is in place at Lincoln. ... Why is job analysis essential for the development of a performance appraisal?
According to Jackson and Schuler (2003) “Job analysis is a systematic process of describing and recording information about job behaviors, activities, and worker specifications. ... With these attributes in place, Lincoln electric can evaluate their employees effectively using the performance appraisal. ...
At Lincoln Electric the merit rate card system, evaluates its employees with four different criteria that are used for the measurement of performance. ... Given Lincoln’s organizational culture, would the company benefit from using 360-degree feedback?
Before we discuss whether Lincoln Electric would benefit from using 360-degree feedback, let us answer a few questions on what is Organizational culture and what is the present organizational culture at Lincoln Electric and then finally discuss what is 360-degree feedback and weather the company would benefit from using 360-degree feedback. ... At Lincoln electric the organizational culture can be summed up as “So in everything, do to others what you would have them do to you, for this sums up the Law and the prophets”(Matthew 7: 12). In other words Lincoln Electric’s values and beliefs are imbedded as part of organizational culture and the same is explained in Appendix B.
To successfully evaluate whether Lincoln Electric would benefit from implementing 360-degree feedback lets look into the basic purposes of the 360-degree feedback. ...
So when compared to Merit rating card system with the 360-degree feedback, with these four main components, if asked the question whether Lincoln Electric would benefit from using 360-degree feedback, the answer would be no. ...
Lincoln Electric is more than a century old company. ... Changing the feedback system would incur lot of costs, moreover the whole recruiting process and the job analysis and hiring procedures and evaluations have to be changed from top to bottom. ...
Appendix B
Lincoln Electric’s Values, beliefs, ideas, attitudes and virtues
Toward the Lincoln Customer:
· Focus on customer service and customer satisfaction
· Focus on high-quality products (ISO 9002 certifications)
· Focus on cost and price reductions
· Continuous improvement and innovations
Towards the Lincoln Worker:
· Strong employee focus
· Dignity of work and of the worker
· Openness and trust between management and workers
· Open-door policy between workers and top management and between middle and top management
· Continuous employment after probation period in domestic operations
· Focus on merit and accountability in performance measurement
· Egalitarian wage and salary structure
· Modest executive perquisites
· Strong focus on challenge, training and development
Towards the Lincoln Stockholder
· Fair return to owners
Beliefs:
· Humans have endless abilities if we will only recognize this fact and encourage individual development
· There is no limit to the development of the human person and human cooperation
· Genius is not merely the result of education
· The possibilities for humans, through development, are almost limitless.
Approximate Word count = 2068
Approximate Pages = 8.3
(250 words per page double spaced)
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