Motley Fool (2013), a multimedia financial company named Lincoln Electric to be the eight best companies in America. It is a phenomenal achievement to maintain the company’s ranking for several years. This implies that the organizational structure and culture should play a tremendous role in the Company’s continuous success and progress. This essay assess the assess the culture and different trends followed at Lincoln Electric
Business dictionary defines Organizational Culture as the ‘values and behaviors that contribute to the unique social and psychological environment of an organization’. It can also be seen as the values that show people what is ...view middle of the document...
Starting from the selection process where it is still possible to apply for any job even without a high school diploma, the company stands out when it comes to job security and employee performance evaluation.
Guaranteed employment after the first year with a minimum of thirty hours shows the company’s commitment to its workers. Merit rating card are innate to the company’s way of evaluating its own employees. The most unique aspect of the culture lies in the participation of employees in decision making. This is one of the best examples to showcase the Attraction-Selection-Attrition process. Though the attrition rate is very low, the company maintains it culture with its unique policies like retirement and merit pay plans.
Signs of Culture:
There are five aspects of any Organization’s Culture – Mission Statement, Rituals, Rules and Policies, Physical Layout, Stories and Language. Some of the signs are discussed below.
Mission Statement (Principles):
Lincoln Electric’s mission statement stands for its unique culture. It is stated as follows:
“We will base our human resources systems on our proven principles reflective of our core values and our commitment to attract, reward, develop and motivate high quality people. They will reflect the global scope of our business while demonstrating responsibility and flexibility with respect to cultural diversity, and...