Competitive advantage Essay Example | Topics and Well Written Essays - 500 words

Competitive advantage - Essay Example If the workers end up producing products that are below quality expectations, then their pays are reduced accordingly. This helps to promote a sense of owning the company’s operations and workers are given a datum to define how their roles affect the company’s outcomes. While Nucor does promote ownership and a greater sense of responsibility but all individuals might not eye the situation on the same footing. Some workers may be disappointed when they discover the blunt side of Nucor’s policy and may rush to other jobs where a fixed salary structure is available. Moreover, certain people in Nucor’s work environment may cause problems for others in an attempt to be more productive. Problems may include workplace politicisation, espionage etc. though this is a remote possibility. Primarily Nucor relies on an innovative payment package for the baseline workers as an incentive. Workers are paid by the hour for fixed salary plus bonuses. Moreover, the company shares its profits with these workers too. This makes Nucor one of the best paymasters in the market. There are no unions at Nucor although Nucor does not discourage unions. Similarly, Nucor has placed the names of its workers in its financial report in order to recognise their services. The pays for workers and executives is nearly the same as the workers can earn a lot while the executives are not paid excessively. Moreover, the executives are not given any benefits or perks just like the workers. This helps to promote equality which serves as an incentive too. Nucor should not try to hire temporary, part time or virtual workers to get their job done. The biggest power that Nucor has over its employees is their sense of ownership of the entire process at Nucor. This applies equally well to both workers and executives alike. The associations formed with the company have helped Nucor grow over the years. Expecting temporarily placed workers to do the same is unrealistic. Using