1. Case Study on
Nucor corporation
Group5
Dhaval Desai
Prachi Srivastava
Ritesh Shangle
Shobhit Mishra
Varun Kedia

3. An Illustrious History
 1965: Ken Iverson takes over after company
files for bankruptcy.
 1969: Nuclear Corporation opens 1st mini-mill
in S. Carolina.
 1974-1979 – Production Tripled and Sales
Doubled
 1986: Entry into fasteners - new plant at St
Joe, Indiana.
 2002: Nucor acquires Birmingham Steel

4.  Production facilities in more than 14 states and
in Trinidad
 2011: Investment in 3m ton iron-making facility
in Louisiana.

6. Nucor’s USP – It’s Culture
 No hierarchical barriers
 Trust and Teamwork
 Minimal Management Interference
 High Tolerance Levels for failures

7. Nucor’s Mantra for Success
 Hard-Work
 Equality
 Spirit of Innovation
 Principles of Employee Relations
 Unmatched Reward System

8. Reward System
 Pay directly linked with Productivity
 Fostered healthy competition among plants
 Profit Sharing plan with a deferred trust
 Scholarship of $1000 to each child of an
employee
 Scholarships for higher education

9. Nucor Principles
Opportunity to Feel confident
earn according about the job if
to their they do it
productivity properly
Should have an
Should be
avvenue to
treated fairly
appeal

10. Compensation Plans
Senior Officer
Incentive Plan
Department Manager
Incentive Plan
Production Incentive
Plan
Professional and
Clerical Bonus Plan

11. Nucor – Valuing Employee
Relations

12. Nucor Recruitment System
Objective : To recruit people with:
 Right mindset
 Excellent Communication skills
 Ability to work without supervision
 Goal-Reliance and Self-Reliance

13. Nucor Career Path

14. Nucorizing Process
Specialized Induction Process for the
new
employees aimed at:
 Introducing Nucor’s culture to the new
employees
 Briefing them about the company’s
bonus plans
 Emphasizing on induction by existing

15. Nucor’s Secrets behind a Winning
Workforce
 Pay directly related to productivity
Source : uic.edu

16. Unions – Sorry we don’t have
them
Since its Inception – Nucor has never had any
unions
or attempts to form the same due :
 Performance based pay package
 Emphasis on adhering to production schedules
 No Unreasonable Layoffs ever in Nucor history
 Strong sense of Camaraderie among
employees