Here is what performance management looks like at GE today. The focus is less on rating and ranking and more on developing, connecting, and inspiring employees. Today they conduct a more evenly distributed and ongoing review process. The company has since undergone much change in their style and performance management process. During a time when the economic reality at GE demanded efficiency and operational excellence, the company became well-known for its hard-charging and intense approach to performance reviews. When it comes to discussing performance management, it’s impossible to skip Jack Welch’s “rank-and-yank” review tactics back in the 1980s.
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