Ge Human Capital

1.GE is a company that was comparatively ahead of new(prenominal)s in realizing the splendor of a human cracking trouble system. In the untimely days of GE Charles Coffin was dedicated to edifice a meritocracy in which employees where measured on performance and leading were educate within the organization. Each CEO since Coffin has go on this belief and made human superior development a key priority for the organization. Coffin built the HCM foundation on which GE still stands. Training and development are at the fore front of GE human capital management system. Ralph Cordiner, GEs post World War II CEO, recognized the changing business environment and built GEs first corporate university, known as Crotonville. The university was instrumental in training and developing managers and future leaders. The company salve to invest heavily in this strategy during the 1950s, allocating nearly 10% of its pre tax earnings towards management and leadership training. This initiative is a critical and core component of GEs HCM to this day. It has produced innate leaders, such as Jack Welch and Jeffrey Immelt, but has also contributed to constitute leaders that have left GE and become CEOs at other companies. The development and succession planning of management talents is a high priority at GE.

As an integrated case of the culture, people are rewarded for growing talent and indeed less(prenominal) concerned that they might develop someone who allow for by and by take their job. Reward and Recognition are some other core component of GEs human capital management system. When Welch took over as CEO in 1981 he revamped the rewards sys tem by rewarding only top performers with ! topographic point incentives, and he made a substantially larger form of the employees eligible for such payments. He also leveraged Crotonville University as an built-in benefit, establishing participation as a reward given to up and coming talent at GE regardless of seniority. If employees were a part of the...If you want to get a full essay, affable club it on our website: OrderEssay.net

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