EMPLOYEE MANAGEMENT

Being a diverse, highly engaged organization is critical to our success. We foster a workplace that engages employees — helping to ensure that they are aligned with our core values, can actively contribute to the success of the organization, and can be confident in their future with us.

IN LATE 2021, LINCOLN ELECTRIC CONDUCTED AN EMPLOYEE DISCOVERY SURVEY OF ALL 11,000+ GLOBAL EMPLOYEES. RESULTS WERE REVIEWED WITH THE BOARD OF DIRECTORS AND FOLLOWED BY TEAM MEETINGS AND ACTION PLANS ACTIVATED ACROSS ALL LINCOLN ELECTRIC LOCATIONS. SMALLER GROUP LISTENING SESSIONS PROVIDED FURTHER INSIGHT INTO IMPROVING THE EMPLOYEE EXPERIENCE

To promote active engagement and an inclusive environment we support:

• An open door policy up to the Chairman’s office to ensure transparency and collaboration.
• A global employee survey and topic/regional-specific surveys to provide valuable insights that shape future initiatives.
• Competitive, performance-based compensation and benefits programs, including our unique Incentive Management System that rewards engagement and excellence through profit- sharing bonuses, as well as competitive medical benefits, an employee assistance programs, student loan debt forgiveness in the US, and education reimbursement, among other offerings.
• A formal employee suggestion program that encourages all employees to submit creative and constructive ways to drive continuous improvement across the organization.
• Skills and Career Development programs to enable professional development and reinforce promotions from within the organization and a strong succession pipeline.
• Resource groups, such as our Cleveland-based Diversity Councils, Young Professionals, Veterans, and Women in Lincoln Leadership (WILL), that are employee led and organized around special interests. Resource group initiatives are supported by senior executives.
• A Wellness Committee to promote healthy living and positive lifestyles for our employees and their families. Employee volunteers organize a variety of programs at our facilities that focus on athletic events, fundraisers, weight loss challenges, and onsite health and wellness resources and expos.
• Company-supported volunteerism and giving programs, including Company matching for donations made in the United States.
• Team-led flexible work where customer, team, and business needs replace rigid top-down workplace rules, as well as designated remote roles that help to widen the talent net and promote a more inclusive workforce.
• A multilingual intranet communications portal and mobile app that encourages employees to share success stories, peer-to-peer recognition, and updates on initiatives. The platform accommodates feedback through comments, likes, and polls.