GE Reviews Idea of Annual Pay Raise

GE Reviews Idea of Annual Pay Raise

Assessment

Interactive Video

Business, Life Skills

University

Hard

Created by

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FREE Resource

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.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What cultural shift is the company trying to undertake?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What alternatives to monetary raises are being considered for employees?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What changes are being made to performance reviews?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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