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Lincoln Electric Company

 
Overview

Lincoln was founded in 1895 and today is the world leader in the design, development and manufacture of arc welding products, robotic welding systems, plasma and oxyfuel cutting equipment. Headquartered in Cleveland, Ohio, Lincoln has 39 manufacturing locations, including operations and joint ventures in 19 countries and a worldwide network of distributors and sales offices covering more than 160 countries. Lincoln has a global work force of more than 9,000.

Recognized as the welding experts®, the Company provides leading technology products and solutions. From its early beginnings, Lincoln pioneered technological advancements and improvements in arc welding consumables and equipment. Lincoln sustains the industry's most dynamic and comprehensive research and product development program. This effort is supported by the David C. Lincoln Technology Center, the most advanced facility of its kind.

Arc welding is indispensable to many industries. For example, the metal working field involves production arc welding in transportation, construction, fabrication, petrochemical and other industries. In the manufacture of metal products, arc welding applications range from producing consumer appliances to fabricating heavy machinery and structural steel. Arc welding is the dominant joining method for building and other industrial construction, including oil and gas pipeline fabrication, and oil refinery construction.

The Company is famous for its productive and highly-skilled work force, as well as its unique compensation system, Incentive Management.

Incentive Management is widely studied in business schools and industrial management circles. The system compensates and encourages individual and team initiative and responsibility at all levels of employment within the U.S. subsidiary. Lincoln's other global operations have their own systems, where appropriate and practical. Lincoln has never experienced a work stoppage in its 100-plus year history.

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Culture

Career Opportunities - Develop Your Own Path Lincoln Electric has a long history of providing challenges and opportunities to its employees which are as diverse as the many career paths available to its team members. Many positions are posted for which all employees may apply. Qualifications and relevant experience are the chief considerations for determining the successful applicant. We are especially interested in applicants with international experience and proficiency in languages in addition to English. The Incentive Performance System in place in the U.S. Lincoln operations features:

  • An elected Advisory Board for direct and open communication with senior management since 1914.
  • Piecework incentive rewards for all production work.
  • A profit-sharing Bonus Plan for employees paid annually at the discretion of the Board of Directors since 1934.
  • Guaranteed Employment after three years of service. The company has not exercised its layoff options in the U.S. operations since post war 1948.
  • A 401(k) plan offering the employee a variety of pre-tax investment options.
  • Competitive compensation and other benefits.
  • A Financial Security Program which includes company contributions based on years of service from 4 - 10%.
  • An attractive vacation package based on comparable years of service.

Through this well-defined group of incentives, Lincoln encourages and compensates individual initiative and responsibility. Employees work together to reduce costs and improve quality. These individual and cooperative efforts create a more profitable company, the success of which each person shares according to his or her own contribution

Vision and Missions

We are a global manufacturer and the market leader of the highest quality welding, cutting and joining products. Our enduring passion for the development and application of our technologies allows us to create complete solutions that make our customers more productive and successful. We will distinguish ourselves through an unwavering commitment to our employees and a relentless drive to maximize shareholder value.

Missions

Total Solutions
We will be driven by customer satisfaction and become known as the supplier of choice in our industries. We will strive to exceed customer expectations. We will be a solutions company, not simply a supplier of equipment or consumables.

Expertise
We will be differentiated from our competitors by technology, quality, applications engineering, sales and marketing expertise.

Global
We will be global, with over 40% of our total sales coming from outside North America. We will have cost competitive manufacturing facilities located worldwide, where appropriate, to best serve our customers’ needs.

Principles
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 statutory and regional business realities.

Stakeholders
Our emphasis on continuous improvement in all aspects of our business will enable us to reward our shareholders and employees.

Responsibility
We will continually strive to be environmentally responsible and to support the health and safety of our employees, customers, and neighbors. We support the communities where we operate and the industries in which we participate.

Contact
The Lincoln Electric Company

22801 St. Clair Avenue
Cleveland, Ohio 44117
United States

Phone: (216) 481-8100
Fax: (216) 486-1363