Now That's Incentive!

January 1 st 1986

Lincoln Electric Co, of Cleveland paid its 2,405 employees an average of $17,380.78 (U.S.) each as a cash bonus for 1985. The annual bonus—an incentive plan instituted by the company 52 years ago—usually equals almost 98 per cent of the employees' wages; in 1984 the bonus represented about 10 per cent of the company's annual profit. The non-union workforce owns 40 per cent of the company's shares, and although they must be willing to be flexible, employees are guaranteed at least 30 hours of work per week.

 

Harry Antonides came to Canada in 1948, initially working as a farm hand and railway labourer. After over a decade working in a chemical plant in Sarnia, Ontario, Harry joined the newly forming Christian Labour Association of Canada (CLAC) in 1962 as a field representative. By 1970 Harry became director of research and education. In 1974, he was a founding member of the Work Research Foundation (now Cardus) and publisher of their sole publication, Comment magazine. A prolific writer and dynamic speaker, Harry delivered lectures all over North America and published numerous articles, reviews, and essays. He is author of several books on Christianity, labour, and economics, including Multinationals and the Peacable Kingdom (1978) and Stones for Bread: The Social Gospel and its Contemporary Legacy (1985). Harry is retired and lives with his wife Janet in Willowdale, Ontario.

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