Unions stealing "occupy bostons" thunder

[Piscator]

GE (who I do not work for) looks at their entire NON-Union work force every single year. They look at the top 10% performers, The middle 80% performers and the bottom 10% performers at ALL levels. They call it "rack and stack". They get rid of the bottom 10% EVERY YEAR, work one on one on how the remaining 80% can get better and give the top 10% above average raises and stock options (regardless of level, it is all based off of performance).

Not a bad model for someone that's motivated. Unlike a Union it rewards those that achieve and cuts the fat off those that do not perform.

[The Dad Fisherman]

Originally Posted by Piscator

GE (who I do not work for) looks at their entire NON-Union work force every single year. They look at the top 10% performers, The middle 80% performers and the bottom 10% performers at ALL levels. They call it "rack and stack". They get rid of the bottom 10% EVERY YEAR, work one on one on how the remaining 80% can get better and give the top 10% above average raises and stock options (regardless of level, it is all based off of performance).

Not a bad model for someone that's motivated. Unlike a Union it rewards those that achieve and cuts the fat off those that do not perform.

When did they start doing that...I worked for GE for 9 years and never heard of it......

[Piscator]

Originally Posted by The Dad Fisherman

When did they start doing that...I worked for GE for 9 years and never heard of it......

Wife has been with them for almost 13 years and has it every year still. Goes from Jan-March typically. She is in HR. Some of it has been minimized a bit from the Welch days due to large layoffs and GE actively selling buying of businesses but it is still very much alive and practiced. Basically it's all level exempt employees involved and happens arounf review time.