In addition, the company has also paid out profit-sharing bonuses without fail since 1934, bonuses that usually exceed 60% of an employee’s basic earnings. ![]() ![]() Lincoln Electric’s employment policies have also proven healthy for the company’s bottom line, its employees, and its shareholders. In Spark, veteran journalist Frank Koller tells the story of how this remarkable yet, in many ways, ordinary organization dating back to 1895, which survives, even thrives, in a sunset industry where overseas outsourcing is the norm and remains a profitable Fortune 1000 multinational company that challenges the conventional wisdom shaping modern management’s view of the workplace.
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