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- Comp & Benefits
- Work/Life Balance
- Senior Management
- Culture & Values
- Career Opportunities
I worked at Lincoln Electric full-time (more than a year)Pros
The overall pay was decent.Cons
The company has a bonus system in place, which is a big part of your earnings. However, it's not worth the aggravation. It's based on a point system that is not primarily on facts but opinions. At the end of the year, your boss initially gives you your bonus points & then it's up to his boss to fight for your points with upper management. By the time you get paid, you could get a completely different number of points, which could affect your pay by thousands of dollars.
This bonus system creates a very competitive environment, where there's no accountability b/c people don't want to lose points. Also, (from what I understand) it's competitive b/c each department gets so many points to distribute with each team member. There is little collaboration & everyone seem to be out for themselves.
Additionally, the technology is not up-to-date. They don't have many systems in place to help you get your job done effectively. When I was there, they were VERY behind in this area.
Because they don't layoff employees who've been there for 3 years & up, they move people around in positions they are not qualified for. This is very frustrating b/c often times you're working with someone that has little knowledge of best practices in the area they work in. For the majority of my time at Lincoln, I felt like I was badly managed & under valued.Advice to ManagementAdvice
Place your employees appropriately & consider laying people off. If you have to move around an employee in different areas, chances are you might want to reconsider retaining that employee. Change your bonus system to be fair & to promote collaboration. Update your technology, so people can do their jobs efficiently. Improve your management team, so employees feel valued.Doesn't RecommendNeutral OutlookApproves of CEO