Topic > Lincoln Electric Company Case Study - 719

During evaluation, an employee's performance is measured through quality of work, reliability, ideas, cooperation, and results. Bonuses are paid to employees based on the results of both of their annual evaluations. The Bonus plan was started in 1934 and has continued ever since. This plan is yet another way the company develops a good working relationship with its employees. According to the case study, “the first annual bonus amounted to approximately 25% of salary.” and “recent bonuses have approached annual salaries. The management style of Lincoln Electric Company is not a very popular style. There is an open door policy in the company where employees can actually develop a relationship with managers. One of the case study author's interviewees responded positively to the question of whether she knew any of the senior managers. He was even able to identify them by name. Another said he was always able to talk to someone