Preview

Study on Nucor Corp.

Good Essays
Open Document
Open Document
2159 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Study on Nucor Corp.
An Organization’s productivity and efficiency depends to a large extent on what employees think or perceive about their organization. It is a well-known concept that “If you keep your employees happy, they will make your customers happy”. So to make them happy or motivated, challenging jobs, tasks, assignments are to be provided along with better or superior environment to excel in. As a result, we can have two benefits; on one hand it will enhance the employees’ job experience and on the other hand organization’s productivity will increase. Turnover and absenteeism will be low, employee commitment will be high. In short, job satisfaction and dissatisfaction play a major role behind overall employee motivation. Herzberg’s Motivator-Hygiene theory is a good way to understand the concept of job satisfaction and dissatisfaction in an organization.
Frederick Herzberg’s Motivator-Hygiene Theory tries to determine specific factors responsible for job satisfaction and dissatisfaction. His study found separate and distinct cluster of factors associated with job satisfaction and dissatisfaction. Achievement, recognition, characteristics of the work and advancement are considered to be the motivators which mean job characteristics associated with job satisfaction. On the other hand company policy and administration, technical supervision, salary, interpersonal relations with one’s supervisor and working conditions were most frequently mentioned by employees expressing job dissatisfaction. These are categorized under hygiene factors i.e. job characteristics associated with job dissatisfaction. The hygiene factors and motivators influencing employee behavior at Nucor are presented below:
Hygiene Factors: Pay and Security | * Nucor has an unusual pay system. The company pays lower salary than the market average for a worker. The average market salary is $16- $21 an hour, where a Nucor employee gets $10 per hour. Although Nucor pays lower than average, it facilitates its

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Nucor Corporation is one of the largest steel producers in the United States, and the largest of the "mini-mill" operators (those using electric arc furnaces to melt scrap steel, as opposed to companies operating integrated steel works with blast furnaces). Nucor claims to be North America's largest recycler of any material, recycling one ton of steel every two seconds.…

    • 1244 Words
    • 5 Pages
    Satisfactory Essays
  • Powerful Essays

    Nucor Case Study

    • 1312 Words
    • 6 Pages

    Nucor has been facing many industry challenges including the overall development of the industry. They are competing with foreign firms on cost and efficiency. Nucor has a low cost strategy because as they say their product is not necessarily very attractive. It does not have attractive or unique selling features other than its cost. The commodity of steel is in a very competitive market. Nucor understands that innovation and productivity are going to be key factors to keep their buyers satisfied with their prices. Nucor is facing many challenges with a growing world market and many of their competitors merging in order to create stronger more dominate conglomerates. The company is also facing several issue with other countries illegal dumping or subsidizing steel in the United States. This creates major strategic problems for Nucor because their prices are being matched or undercut and there is no protection to help them retain their market share or expand it. This lack of protection from foreign firms has become a problem from Nucor and one they will have to navigate to remain successful.…

    • 1312 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    BUS610 Week 2 Assignment

    • 1165 Words
    • 4 Pages

    “Perhaps the most controversial issue that has evolved from decades of research on employee attitudes and employee behavior is the job satisfaction-job performance relationship (Petty, McGee, & Cavender, 1984). Employee motivations can be determined by subjective issues like the need to make a certain about of money each year or how others will view you based on your place of employment or job title. Conversely, discernable incentives can also alter an employee’s performance, work ethic, and job satisfaction – working for an employer with proven high standards, one that treats employees fairly and appraises their performance objectively, can yield positive workplace performance from employees. It is the intent of this paper to evaluate the relationship between motivation, job satisfaction, and work performance with specific emphasis on the motivation theory conceived by Herzberg and how it relates to performance issues and motivation.…

    • 1165 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Nucor Corporation Issues

    • 1612 Words
    • 7 Pages

    Nucor Corporation is made up of 11,500 teammates whose goal is to "Take Care of Our Customers." We are accomplishing this by being the safest, highest quality, lowest cost, most productive and most profitable steel and steel products company in the world. We are committed to doing this while being cultural and environmental stewards in our communities where we live and work. We are succeeding by working together.…

    • 1612 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Nucor Corporation Analysis

    • 2923 Words
    • 12 Pages

    This report discusses the challenges that The Nucor Corporation faces during this era of social and economic climate change. Using Porter's Five Forces Analysis and Four Generic Strategies, we will assess the steel industry standards as it relates to the strategies implemented by the Nucor Corporation. We will also assess what Nucor’s strengths and weaknesses are, and if they will be able to continue their current undertakings in this exacting environment.…

    • 2923 Words
    • 12 Pages
    Better Essays
  • Satisfactory Essays

    Nucor Case Study

    • 289 Words
    • 2 Pages

    Nucor has always been the forward leaning steel manufacturer by continually reinvesting in it existing resources. Although all there are significant threats of supply bargaining power and rivalry among competitors with the new technology, they should take the risk of investing to put themselves ahead of the competition and take the market share early. This will increase their production output and increase their competitive advantage in the industry.…

    • 289 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Job Satisfaction can be influenced by a variety of factors concerning an employee’s feelings or state-of-mind regarding the nature of work. The factors that influence an employee’s behaviors can constitute the relationship between employee and manager, the quality of the physical environment at work, and the degree of fulfillment in the work being done.…

    • 1511 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Nucor Case Study

    • 3405 Words
    • 14 Pages

    Nucor Corporation has been moving in a very challenging industry which has faced various problems in recent years. The steel industry experienced slowed demand for steel which resulted from substitution of alternative materials. Furthermore, it also had to cope up with increased foreign competition and strained labor relations.…

    • 3405 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    Nucor Case Study

    • 265 Words
    • 2 Pages

    - New technology can help in inc production and help to curb rising labour cost.…

    • 265 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Job satisfaction has often been described as employees’ emotional response to the current job position. When an employee decides to remain with a company or organization that is called job satisfaction. When employees speak about job satisfaction, another factor for consideration is motivation in the workplace. For companies or organizations to be successful and sustain a competitive advantage, a partnership with employees is needed. Job satisfaction has several factors: “Relationships with direct reports, workplace environments, fulfillment or personal fulfillment in job duties.”(McNamara, 2009)…

    • 2201 Words
    • 9 Pages
    Good Essays
  • Good Essays

    Nucor at the Crossroads

    • 1815 Words
    • 6 Pages

    In 1986 total domestic steel consumption in US was 90 million tons, this comprised of 69 million tons of domestically produced steel and 21 million tons imported. Post 1979, the demand for steel started falling year on year due to stagnation of many steel-intensive industries, particularly construction and availability of substitutes such as aluminium, plastics and advanced composite.…

    • 1815 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Nucor Company Case Study

    • 1011 Words
    • 5 Pages

    Dave’s tally for each week has great variance, which translates to his lack of motivation for meeting the norm of $600 a week. Having chosen a flat wage would be consistent to his behavior, so he would have chosen Method Y.…

    • 1011 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Paperless Review

    • 284 Words
    • 2 Pages

    THIS STUDY WAS CONCEPTUALIZED TO EVALUATE THE DETERMINANTS OF JOB CONTENTMENT AND THE LEVEL OF JOB SATISFACTION OF NURSES IN THE AFOREMENTIONED HOSPITAL USING A SURVEY QUESTIONNAIRE AND HERZBERG'S HYGIENIC-MOTIVATIONAL FACTORS OF JOB SATISFACTION. THE SCALE IS COMPRISED OF 5 DIMENSIONS OF MOTIVATIONAL FACTOR WHICH INCLUDE COMPANY AND ADMINISTRATIVE POLICIES, SUPERVISION, SALARY, INTERPERSONAL RELATIONS, AND WORKING CONDITIONS ; AND 5 AREAS OF HYGIENIC FACTORS WHICH ENCOMPASS WORK ITSELF, ACHIEVEMENT, RECOGNITION, RESPONSIBILITY AND ADVANCEMENT. A CROSS SECTIONAL STUDY DESIGN, BOTH DESCRIPTIVE AND ANALYTICAL USING WEIGHTED MEAN AND PEARSON CORRELATION WERE UTILIZED.…

    • 284 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    In1959, Frederick Herzberg, a behavioural scientist proposed a two-factor theory or the motivator-hygiene theory. According to Herzberg, there are some job factors that result in satisfaction while there are other job factors that prevent dissatisfaction. According to Herzberg, the opposite of “Satisfaction” is “No satisfaction” and the opposite of “Dissatisfaction” is “No Dissatisfaction”. Herzberg classified these job factors into two categories- a.…

    • 513 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Eric case study

    • 758 Words
    • 4 Pages

    Management failure to motivate staff therefore decreased effectiveness, high absenteeism, turnover, low productivity. In order to understand employee motivation and satisfaction, Herzberg 2 factor theory could be applied, which is categorized as classical approach. In this case, dissatisfaction with work can come from company policy and administration in which staff is not involved, as well a job insecurity.…

    • 758 Words
    • 4 Pages
    Good Essays

Related Topics