Employee development in relation to General Electric (GE)

Résumé du document

GE is a diversified technology, media and financial services company dedicated to creating products that make life better. From aircraft engines and power generation to financial services, medical imaging, television programming and plastics. GE operates in more than 100 countries and employs more than 300,000 people worldwide. The company traces its beginnings to Thomas A. Edison, who established Edison Electric Light Company in 1878. In 1892, a merger of Edison General Electric Company and Thomson-Houston Electric Company created General Electric Company. GE is the only company listed in the Dow Jones Industrial Index today that was also included in the original index in 1896. "Developing and motivating people is the most important part of my job. I spend one third of my time on people." "GE invests about $1 billion annually on training and education programs - from assembly lines to corporate classrooms to boardrooms"

Extraits

[...] As they are managed by the top there is an incentive to go the extra mile. What is the fundamental problem with the tools implemented in GE? GE need to remember the other 70% of people the backbone of the company! The scenario: In early 2003, BankAmerica had recruited over 90 GE employees to its headquarters. While recognising that GE employees were probably the most headhunted in the world, Immelt was concerned with the targeting effort. Almost all of those headhunted were from highly valued not from the top 20% the headhunter's normal target. [...]

[...] Employee Development Tools Created in 1956, Position Levels are tied to objective performance evaluation. When created there were 28 PL's, in 1981 they were collapsed to 7 broader employee bands. Each employee has access to view the PL structure, each levels prescribed entry and salary levels. Advantages for employee: Benefit from transparency, clear understanding of what is required to move up the hierarchy. Advantages for employer: Know at each time the exact amount of people in each band. Employee Development Tools Purpose: To overcome department managers natural tendency to hoard talent and help the CEO manage GE's executives as a resource. [...]

[...] GE on Employee Development GE Values How would you choose a leader for GE? You have 5 minutes to come up with four different characteristics you would look for in a good leader for GE. Consider: Their industry Their values: Curious, Passionate, Resourceful, Accountable, Teamwork, Committed, Open and Energising. What GE looks for in a leader Tools employed in GE to succeed in Employee Development spend the entire month of April in our talent development process called Session C. During this month, I discuss the future of GE's key leaders and try to make a personal connection. [...]

[...] He's a vegetarian, doesn't smoke, drinks an occasional beer and has remained faithful to his wife for all of their married life together. Which of these candidates is your choice?? * politician who belongs to a small clique that controls a political party for private rather than public ends Candidate Franklin D Roosevelt Candidate Winston Churchill Candidate Hitler Looks can be deceiving, employee development plans are extremely important who do you want leading your company! Bibliography Ge Locomotives: 110 Years of General Electric Motive Power par Brian Solomon (Relié - 23 juin 2003) Secret to Ge's Success/a Former Insider Reveals the Management Strategies of the World's Most Competitive Company: A Former Insider Reveals the Management . [...]

[...] Employee Development Tools The concept of a "vitality curve" is based on a nine block system where people are divided into 3 different groups based on a system. They are identified into these groups using two axis, “Promotability” and “Overall Rating (Performance, Values, Extraordinary Skills.) If you are in the bottom right corner, you are asked to improve or move out. This formal ranking process has been widely publicised as a negative process as many call it the “rank-and-yank” system. [...]