DEVELOPING OUR PEOPLE
Employee development is one of the four core peaks of the Higher Standard 2025 Strategy. Investment in our employees and their career development is a crucial element in our Company’s long term success.
The Lincoln Electric Employee Development (LEed) program was successfully launched as a global learning experience offering employees a broad array of curated wellness, experiential, technical, leadership, and collaborative topics. Since its inception, over 3,000 individual employees have participated in 225 different course offerings. We have recently expanded our global learning course catalog to include content for all career levels, including training on business skills, technology and developer skills, productivity, and collaboration tools, among others.
Key Training & Development Programs Offered At Lincoln Electric
Leadership Development Program (LDP): A two-year, challenging, and immersive personal and professional learning journey, the LDP has graduated many current Lincoln Electric senior leaders. In each cohort, 25 high-potential employees from across the global business are provided the opportunity to develop leadership skills that accelerate their careers and Lincoln Electric’s success. The current LDP cohort includes the most geographically, ethnically, and gender- diverse group of future Lincoln leaders in the program’s history.
Engineering and Technical Sales Trainee Development Program: We have a longstanding tradition of developing talent through our Engineering and Technical Sales Programs. We partner with colleges and universities to identify the talent needed to create a pipeline for long- term, diverse talents necessary for the Company to succeed. Our training and development programs offer students and recent graduates the opportunity to learn and grow professionally while actively contributing to the success of the Company. Many of our former Development Program graduates have gone on to be CEOs, presidents, vice presidents, and esteemed subject matter experts in their fields. Our 2021 class included 26 trainees, 38% of whom were diverse (women and minority groups), and are graduates from 12 different universities.
Skilled Trade Apprenticeships: We are committed to developing, growing, and retaining a diverse and skilled workforce through apprenticeships. Our apprenticeship programs combine on-the- job learning with related instruction in technical areas, such as Industrial Maintenance, Machining, Welding, and Tool & Die, to produce qualified, highly productive employees for careers requiring precision skills. Apprenticeship training ensures workers have the knowledge and competencies companies need for today and tomorrow.
Junior Board: For over 75 years, Lincoln Electric has nominated rising young professionals to serve a three-year term on our Junior Board. Junior Board members engage with senior management on special projects and initiatives that address business challenges and that can drive continuous improvement and excellence in the organization. Members gain practical, hands-on experience on a cross-functional team and learn skills essential to long-term leadership success.
Internship and Co-op Programs: We sponsor an intern and co-op program to provide undergraduate students with an opportunity to gain real world experience while investing in their education. The program offers opportunities for multiple rotations in various departments and provides exposure to our world class Weld School, professional development, educational seminars, as well as networking opportunities with executives, managers, and other young professionals. When students return to school, we encourage former interns to serve as Student Ambassadors on campus and engage future interns through a formalized engagement program. Our 2021 summer intern program hosted 40 students, who were 45% diverse (women and minority groups) and represented 11 universities. Our program has been recognized as a “top 100 U.S. internship program,” as well as a “top five Northeast Ohio” program.
Middle School and High School Programs: We partner with educators and nonprofit partners to educate local middle school students about the opportunities and career pathways available in the manufacturing sector. We also partner with select high schools to offer experiential training in a manufacturing environment to supplement traditional classroom learning. To help recruit future employees in manufacturing, we participate in career fairs at numerous high schools and career centers. At these events, we highlight the various career paths at Lincoln Electric and offer post- secondary tuition reimbursement and skilled trade apprenticeships if students join Lincoln Electric post-graduation.