In any business organization, employee motivation is one of the biggest factors that can puzzle out job productivity and worker?s attitude. This in moot can affect the performance of the company which in bend dexter influences the bottom line that ultimately determines the success and profitability of the business. Nucor, an American steel-making company, realizes the importance of employee motivation and as such, it builds a working homunculus which encourages and motivates employees to perform their job at the peak of productivity. The business success of Nucor has proven that their model is successful in boosting the productivity of its employees.
As one of the largest steel companies in the US, Nucor employs more than than 11,300 non-unionized employees, all of which lift out part in an approach to work which is different from closely companies. At Nucor, the traditional hierarchies of the workplace are broken drink to a certain extent, and a more social surroundings is encouraged. The employees, for example, are valued greatly in the company. Management duologue to employees, listens to them, and even takes risks on their ideas. Similarly, Nucor?s CEO flies commercial, does not have an executive parking space, and relates to his workers by talking to them plainly.
contradictory a typical CEO which makes more than 400 time the amount of a factory worker, Nucor?s CEO but earns 23 times more than an average Nucor steelman.
Perhaps more importantly in Nucor?s motivational scheme is the trend in which employees are paid. Unlike most companies which pay their workers base on a fixed rate, Nucor uses a pay-for-performance system which pays employees base on how well they do their job. By producing defect-free steel a Nucor employee can earn triple the amount of what the average steelworker at another company can make. A Nucor employee earned, on average, $79000...
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