How would have James Lincoln handled this situation? By all accounts he would have implemented a similar program to encourage the employees and their efforts. The key difference would have been that he would have promptly followed up on his incentive program and made a big deal about handing out the rewards to the employees. There by encouraging the increase in productivity and setting new standards of performance.
James Lincoln showed that he could have taken the previously mentioned company and turned into a much more profitable company while also increasing the work performance and output of the employees by applying some of the principles that made Lincoln Electric so strong during the Great Depression.
- Employee Advisory Committee: There was a representative from every department. This advisory committee was responsible for reducing the work week from 55hrs to 50hrs in 1914. Can you imagine telling American workers they have to work 50hr work weeks? But in 1914 there were not the major labor laws that we have in place now. This was a major paradigm shift for this era of industry.