Case Study 4.docx - Summary This case is about a steel...

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Summary This case is about a steel company called Nucor; Nucor is extraordinary compared to other companies. Throughout this case, it is obvious that Nucor values their employees and treats them all with great respect and care. Nucor is a company that cares more about their employees than they do their profits. Right out the gate the case explains that during the recession in 2008 and 2009 the steel industry laid off 10,000 workers in 2009 and another 25,000 in 2010. However, Nucor refused to be like the other companies and decided they would not be laying off any of their employees. During the hard times of not having enough steel orders, they kept their employees busy. Whether that consisted of rewriting safety manuals, maintenance jobs, mowing the lawns or simply cleaning the bathrooms. Nucor rewards their employees with weekly bonuses, this can be obtained by good performance. However, if there is a batch that is defected the employees do not receive their weekly bonus. On top of getting weekly bonuses, they also are granted with year-end bonuses for 2,000 dollars. Everybody in the company is on the same incentive plan that is tied to various goals and targets, whether you are the janitor or the CEO. There are only four layers of personnel between janitor and CEO, general managers, department managers, line supervisors, and hourly personnel. A lot of the operating decision making comes from the division level or lower. The
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