Evaluation of Business Code of Ethics

Evaluation of Business Code of Ethics

Pamela Baldwin

PHL/323

November 26, 2012

Darlene Kemp

Evaluation of Business Code of Ethics

Lincoln Electric

During the working adulthood, one has never been able to claim a working affiliation with such a company as “Lincoln Electric.” In 1895, John Lincoln began and ran a company that would incorporate Christian beliefs in the company code of ethics. The “Golden Rule” of treating others as one desires to have treatment led to a company with employees who had a desire to prosper and see the company achieve success. Company expectations were high but in the end both company officials and employees could attain a mutual level of satisfaction. The mission statement of Lincoln Electric was simple; it had a desire to be stress-free to work within certain confines, provide excessive service, greater class products, and provide the best monetary value and product in the open market (2011). The code of ethics for Lincoln Electric is strict, exacting, and applies to every employee from entry-level positions right up to the top CEO. The unsurpassable level of commitment and dedication to employees and employers stands alone, the higher the dedication and production numbers are, the more the individual earns in take home pay. The incentive plan works well in Lincoln Electric’s workplace because everyone is accountable. Since the beginning of business Lincoln Electric has never had a layoff even during times of tough economic situations, there may be a reduction in hours but these reductions apply from ground level to top level brass.” Lincoln Electric” led the way with the most conceptual modernizations of the time with operative suggestion programs, incentive bonuses, paid vacations, stock options, and the most controversial was the guarantee of employment after three years if an employee meets qualifications, these...