Question: Discuss about the Performance Management and Employee Engagement. Answer: Introduction Lincoln Electric is among the fortune 1000 company which was started by John C. Lincoln to produce electric generators and later John along with his brother James started producing high quality arc welding machines and became a leading suppliers of such equipments (Lincoln Electric, 2017). Both of them shared the same ideology of employee motivation at workplace. Lincoln electric is widely known for their no layoffs policy which means they havent fired any of their workers in the tough times of depression. The reason lies in their incentive pay system. They clearly knew that the key to secure a competitive position in the market is the strategic contribution of every individual in achieving the desired goals and objectives. The report discusses about the various performance management techniques in the context of rewards and their implications on the performance on their workforce. The report also highlights the existing incentive pay scheme (Burton, 2012).
