HUMAN RESOURCE PLANNING: Low‐Cost Strategies to Improve Worker's Job Security

Abstract

In 1958, the Lincoln Electric Company of Cleveland, Ohio formalized its lifetime employment policy, which had already been in effect for many years. The company is the world's largest producer of arc‐welding products, employing nearly 3,000 people, mostly in two factories near Cleveland. There have been no layoffs at Lincoln since World War II. Since 1958, every Lincoln worker with over two years' longevity has been guaranteed work for at least thirty hours per week, forty‐nine weeks per year.

Citation

Sharplin, A.D. (1985), "HUMAN RESOURCE PLANNING: Low‐Cost Strategies to Improve Worker's Job Security", Journal of Business Strategy, Vol. 5 No. 3, pp. 90-93. https://doi.org/10.1108/eb039077