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Lincoln Electric’s Incentive Pay System

Lincoln Electric’s Incentive Pay System. Lincoln’s approach to motivating . Employees have an avarage of company’s benefits . People think that they own the a part of the company , so they work harder . They hold nearby 50% of outstanding shares.

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Lincoln Electric’s Incentive Pay System

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  1. Lincoln Electric’s Incentive Pay System

  2. Lincoln’s approach to motivating • Employeeshaveanavarage of company’sbenefits. • Peoplethinkthattheyownthe a part of thecompany, so theyworkharder. • Theyholdnearby 50% of outstanding shares

  3. What problems does this system create for management and the employees • Theirsystemallowthemtogettheprofitthecompanies has so ifthereis no benefit • In badyears, thewageisdecreased. • Even, theylowertheir salaries in ordertoadjustto 30 hours per week. • Peopleworkunderpressure.

  4. What types of employees would be happy working at Lincoln? • Hardworkingpeople • Workers are lead tosucceed.

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