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How Does GE Do Performance Management Today?

When it comes to discussing performance management, it's impossible to skip Jack Welch's "rank$-$and$-$yank" review tactics back in the $1980$s$.$ During a time when the economic reality at GE demanded efficiency and operational excellence, the company became well$-$known for its hard$-$charging and intense approach to performance reviews.

The company has since undergone much change in their style and performance management process. Today they conduct a more evenly distributed and ongoing review process. The focus is less on rating and ranking and more on developing, connecting, and inspiring employees.

Here is what performance management looks like at GE today.

Performance management at GE

GE rolled out its new performance management strategy at the end of $2016,$ replacing its legendary Employee Management System that was implemented in $1976$ and widely emulated by other companies. The change took place largely due to a program launched in $2013$ called FastWorks, which introduced skills and processes to make GE a more lean, agile, and customer$-$centered organization.