PlayerRep said:UMGriz75 said:Years ago, in graduate school, in doing the business case studies, I was appalled at the Jack Welch policy at General Electric of firing the bottom 10% of employees, as measured by performance evaluations. Every year.
Then Harvard Business School did a study. The reason the bottom 10% were in the bottom 10% was typically a skillset mismatch, job unhappiness, misfits with the corporate culture.
The surprise wasn't that the process continually made GE a better company, the surprise was that the policy provided the "bottom 10%" with opportunities to seek positions and opportunities that worked better for them.
The follow-up interviews revealed a surprising number of those employees who said it seemed like a personal and professional disaster at the time but ended up as one of the best things that ever happened to them.
Best wishes to Hynson and Gragg.
And my friend, Jeff Immelt, a former Dartmouth football player, went to GE, was apparently not in the bottom 10%, worked his way up, got to know Jack Welch well, and succeeded him at CEO. Best thing that ever happened to him, professionally. Maybe this will be Ty Gregorak. Ha.
Agree PR think Ty will be the NEXT head coach for the Griz.