Employee development in relation to General Electric (GE)
- Brief summary of GE.
- GE on employee development.
- How would you choose a leader for GE?
- Tools employed in GE to succeed in employee development.
- What is the fundamental problem with the tools implemented in GE?
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?
[...] 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. [...]
[...] Employee Development Tools Commercial Leadership Track High talent students are recruited straight from colleges and put into this program, they are given real work assignments in different GE businesses. Benefits: Individuals have a broader knowledge and skill base also greater adaptability. Employers can prepare candidates for their envisaged positions. Senior Executive Band (SEB) This is a group of the top 600 managers in GE whose development and career progression are managed directly by the CEO. As the current CEO Jeff Immelt states spend most of my time on the top 600 leaders in the Company. [...]