Motivation done the right way is seldom big news, but for Nucor, this Business Week article shows, it has paid off it huge profits for the company. Pay is tied to profits not only for the workers, but for management. Do good, get paid well. Do poorly, get paid poorly. This concept works on any scale if implemented properly. It is hard on the managers though, as stated in the article, because they have to get over the command and control method. A good read and worth the time.
The Art Of Motivation
At Nucor the art of motivation is about an unblinking focus on the people on the front line of the business. It’s about talking to them, listening to them, taking a risk on their ideas, and accepting the occasional failure. It’s a culture built in part with symbolic gestures. Every year, for example, every single employee’s name goes on the cover of the annual report. And, like Iverson before him, DiMicco flies commercial, manages without an executive parking space, and really does make the coffee in the office when he takes the last cup. Although he has an Ivy League pedigree, including degrees from Brown University and the University of Pennsylvania, DiMicco retains the plain-talking style of a guy raised in a middle-class family in Mt. Kisco, N.Y. Only 65 people — yes, 65 — work alongside him at headquarters.
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