HP : Joyce, Jessica and George

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Discussion Groups

• HP Joyce, Jessica and George
• TI Bea and Jeffrey
• Stewart Box Lisa and David
• USPO Amy and Darnell
• ABB Elvira and Van

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Human Resource SeminarPresented by Lincoln
Electric HR Department

• Kensuke Ono
• Yasuyuki Kaji

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Agenda

• Company Background
• Human Resource Policy
• Recommendation
• Discussion

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Company Background

• Profile
• Founded in 1895 by John C. Lincoln
• 2,400 factory workers, 200 sales forces
• Sales of 582 millions in 1989
• No debt until 1980
• Products
• Arc-welding products (91)
• Others (9)

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Company Characteristics

• Market Share Leader
• Never ended a year with overall loss
• Best Quality Products with Low Cost
• High Productivity
• Strong Authority of Management
• Employee Loyalty

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Lincolns Sales History
7
Lincolns Attitude
Customers
Employees
Stockholder
1
2
3
8
Human Resource Policies

• Recruitment and Selection
• External Hiring Only from entry level
• Promotion within the organization
• Job Security
• No layoffs since the WW?

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• Compensation Package
• Base pay Market survey and
• Piece
  rates
• Gain share program Every Dec.
  (Average 21,258 in 1988)

Lincolns bonus plan was accepted in 1934
10

• Performance Evaluation
• Twice a year, based upon
• 1) Quality
• 2) Dependability
• 3) Ideas and cooperation
• 4) Output

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• Benefits
• Medical Plan
• Retirement Program
• Stock Ownership
• Vacation
• Employee association provides
• Disability Insurance, social activities

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Lincolns Desirable Cycle
Compensation
Profit
Motivation
Productivity
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Recommendation

• Implement Lincolns
• Personnel Policies
• to
• Your Company

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Discussion Questions

• Would your company follow LE?
• Why?

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Want to work for Lincoln?