Nucor's

Organizational Structure Unlike most Fortune 500 companies which had round 8-10 counsel layers between the CEO and the employees, Nucor had only four management layers (Refer Figure I). Nucor sought to maintain lean staffing, minimal bureaucratism and a streamlined organizational structure. The most common drollery at corporate headquarters was that with four promotions, a executive program could become CEO. When Nucor first approached $1 billion in r nonethelessues, blackmail increased on Iverson to add more layers of management. The same happened when Nucor reached the $2 billion and $3 billion milestone... Nucors Success Formula Nucors management powerfully believed that the partys success was mainly due to its culture and non technology. When asked about the secret behind Nucors success, Iverson commented, 70% culture and 30% technology. The truth is, Im not sure if its 80 to 20 or 60 to 40 percent, but Im certain(prenominal) our culture accounts for more than half of our success as a business.... Recruitment Unlike many companies which emphasized more on skillful skill set, while recruiting, Nucor recruited people with right mindset even though they lacked technical skills.

Commenting on the companys recruitment philosophy, crowd together Coblin, General Manager - personnel services (1995), said, We can larn em to make steel. Nucor looked for people who could communicate frankly with others and work with token(prenominal) supervision Reward System Nucors employees were paid according to their productivity. Employees were given certain achievement goals, and their counterbalance depended on realizing these goals. Though the hourly wages at Nucor were only $9 per hour compared to the industry average of $18 per hour, yet, Nucor employees earned more than their counterparts in the industry due to the companys reward system which linked pay with productivity. Commenting on the employees pay at Nucor, Jim Coblin, Vice President HR said, The only intellect to work here is to try to get... If you want to get a full essay, order it on our website: Orderessay

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