GE Reviews Idea of Annual Pay Raise

The video discusses GE's ongoing cultural shift towards being more responsive and nimble, akin to a startup. It explores alternatives to traditional raises, such as flexible work arrangements, and the challenges of ensuring fair compensation. GE is reviewing its performance review process and has tested changes with a pilot group. The video also touches on GE's historical practices, like the 'rank and yank' system, and their influence on corporate America. Finally, it outlines GE's future plans and timelines for potential changes in compensation as they move their headquarters to Boston.

What cultural shift is the company trying to undertake?

What alternatives to monetary raises are being considered for employees?

How does the company plan to ensure fairness in compensation if different employees want different benefits?

What changes are being made to performance reviews?

What is the significance of GE's past practices in shaping corporate America?