Happy Tuesday everyone,
- An account of how to win in the steel industry
- Overtime lawsuits in 2016: HR managers beware
- 2016: Tech at the workplace
Culture Eats Strategy
Steel manufacturing company Nucor is an absolute outlier in the production industry – it is worthwhile studying it.
Core pillars that emerged during Ken Iverson’s leadership:
- Extreme decentralization – only 22 people at the headquarters in a $4 billion business + all production facilities operate as ‘separate businesses’ with full autonomy.
- Simple and precise strategy – ‘Our competitive strategy is to build manufacturing facilities economically, and to operate them efficiently.’
- Remove unnecessary hierarchy – Nucor only had 4 promotion levels:(1) Supervisor, (2) Department Manager, (3) General Manager, and (4)Chairman [Iverson himself]
Read the full article here.
This Week’s Finest
2016: expect overtime lawsuits (url) – In July the Department of Labor is set to increase the ceiling for annual overtime pay from $23,660 to $50,440.
Hire for the future of your business (url) – your rockstars of the past is not always the right talent for future challenges. Hire accordingly.
Worth Reading – Tech At the Workplace
2016: and HR systems are still not fully integrated (url) – Jessica Lee’s take on the current state of corporate HR tech environments.
Bottomline: figure out the full scope of your needs and then fight for it with HR tech vendors.
12 apps you’ll see more often in a ‘2016 office’ (url) – We use Slack and Lucidchart.
- Automation: Zapier; Greenhouse; BambooHR
- Collaboration: Wrike; Lucid Chart; Tableau
- Communication: Slack; SendGrid
- Education: Lynda.com
- Security: Envoy; Mimecast; PagerDuty
Please let us know what you liked, what you disliked and which topics you would love to see in the future.
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Have a great week,