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Issue14 - Essay Example

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The CEO Jack Welch of GE, applied forced ranking performance system over the employees, to evaluate their throughout working performance…
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Issue14
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Download file to see previous pages The major theme of this method was to simply identify the top performers of the company, along with employee’s slight developmental needs and the dismissal of underperformers. GE remained successful with the execution of this method; later several companies adopted forced ranking performance, because it gave them the positive outcomes.
Two issues were brought into attention regarding this method, in association with Alex Blyth & Gail Johnson. Alex Blyth supported this appraisal method in accordance with ‘cull or cure’. Operating the culling system over the bottom employees, will elaborate morale among the rest of the employees. Culling must be done properly to gain the positive results. Gail Johnson profoundly disagreed with forced ranking performance method. He stated that, it is such a method which will give birth to negative environment within the company employees, in reflection to several perspectives (discrimination & highly competitive environment). Today, approximately 20% of the fortune companies are still adopting the method of forced ranking performance, out of which some gain benefit, some remains at average and some face the possible chances of enduring the case of unfair appraisal system.
Jack Welch’s policy of ‘rank and yank’ got popularity among huge organizations with effective results. Giving financial rewards to the top 20% & training the middle 70%, have been satisfactory enough; but straight firing the 10% of the bottom, blasted as the red light agenda among the organizations. Critics argued it to be as undermining the team work within the company. In general, the main motive of the employees should be working as a group for the company’s benefits, but the action of firing would enforce the engagement of employees in wasteful playing game situations to get the reward. According to the survey of Sanford professors, ‘Jeffery Pfeffer & Robert Sutton”, forced ranking performance encouraged ...Download file to see next pagesRead More
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