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Acommitmenttointegrity,acommitmentto p performanceandacommitmenttochange. g GreatcompanieslikeGEhaveasecretcore value peoplerespecteachotherandthey value people respect each other and they lovethecompany." JeffImmelt,Chairman&CEO,GE
FirsthydropowerplantinIndiain1902 GEs story is one of technology and innovation GE sstoryisoneoftechnologyandinnovation Longtermlocalplayerintransportation, energy,healthcareandfinancialservices. h lh d fi i l i Significantfootprintacrosskeylocationsinthe g p y countrywithtechnologycenters atHyderabad andBangalore. and Bangalore GEemploysover13,000peopleinIndia.
P Powerhaul L h l Locomotivethatservesthetransportation i h h i sector,thenewbaselineturbofanenginecalledLEAPX fortheaviationindustry for the aviation industry HealthcareproductsliketheLullabyInfantWarmerand MAC400Ultra portableECGamongmanyothers. MAC 400 Ultraportable ECG among many others JohnFWelchTechnologyCenter (JFWTC)hasgrown from a 275employee facility to over a 4,000 employee froma275 employeefacilitytoovera4,000employee strongfacilitytoday.PioneersoftheReverse Innovationstrategy,GEslargestmultidisciplinary R&D Centrehasovera1000patentstoitscredit.
GE is named the World's Best Company for Leadership in GEisnamedtheWorld sBestCompanyforLeadershipin thelatestannualrankingsreleasedbyBusinessWeek. GE t GEtopsthe2010Global100,ranking#1 i th 2010 Gl b l 100 ki #1 ina comprehensivereportanalyzingcorporationswhichhave beenmostproactiveinmanagingenvironmental,social b t ti i i i t l i l andgovernanceissues. BusinessWeek takesalookatthephilanthropiceffortsof AmericancorporationsandrankstheGEFoundation amongthemostgenerous. Withover20,000patentsfiledoverthelastdecadealone, BusinessWeek ranksGEamongtheworld'smostinventive companies.
F t Fortune namesCharleneBegley,PresidentandCEOofGE Ch l B l P id t d CEO f GE Home&BusinessSolutionstoit's2010listoftheworld's50 mostpowerfulwomen. Fortheseventhconsecutiveyear,GEwasnamedto WorkingMothermagazine's 100BestCompanies. Bloomberg BusinessWeek ranks GE among the world's 25 BloombergBusinessWeek ranksGEamongtheworld s25 mostinnovativecompaniesinitslatestannualsurvey. GEisrankedamongtheWorld'sMostAdmiredCompanies g p byFortune forits5thconsecutiveyear. GEisrankednumberoneinhealthcareand19th overallon FastCompany s latestlistoftheworld stop50most Fast Company's latest list of the world's top 50 most innovativecompanies.
TMTeamatGE TM Team at GE
EmployeeManagementSystem(EMS)
Objectivity,TransparencyandSimplification Obj ti it T d Si lifi ti Itisaninternalresumeofthecandidatei.e.whenevera It is an internal resume of the candidate i e whenever a personappliesforajobwithinGE,themanagerwouldbe lookingatnootherdocumentthanthepersons EMS. F Forum tostateaccomplishments,strengths,development li h h d l needs,careerinterestsanddevelopmentplans. Provides feedback to the employees on performance, GE Providesfeedbacktotheemployeesonperformance,GE GrowthValuesattheappropriatecareerband,andcareer objectives. P id Providesafoundation f f d ti foremployeesandtheirmanagersto l d th i t discussanyexistingissues.
ManagingPerformanceatGE g g
Finalizedgoalsareupdatedonline. Around July/August, there is a midyear AroundJuly/August,thereisamid year discussion. Thi i Thisisonemilestone&performanceis il & f i reviewedagainstgoals. Insomeofthecases,asaresultofmidyear discussion,promotionandsalaryrevisioncan discussion promotion and salary revision can takeplace.
CMatGEIndia CM at GE India
Thecompanyfollowsaflexiblecompensation h f ll fl ibl i policywhereinapersoncanchoosetheheads underwhichheorshewantstogetthepay. Forinstance,ifapersondoesnt wanttohave , p foodcouponsthenthatmoneywouldbe addedtohisspecialallowanceandtakehome p salarywouldincrease. Similarly upto Rs 1 lakh can be earmarked for Similarly,upto Rs.1lakh canbeearmarkedfor LTA.
TalentProgressionatGE
KnowledgeEnhancement g
GroupMedical p
"TotalCoverage"ofRs.2,50,000fortheemployeeandhis/herdependents withasublimitofRs.1,50,000fordependentparents.(Dependentsare with a sub limit of Rs 1 50 000 for dependent parents (Dependents are definedasparents,spouseandchildrenonly). Thepremiumforprovidingmedicalinsurancecoveragefortheemployeeand The premium for providing medical insurance coverage for the employee and his/herdependants(uptoalimitof5dependants)isbornebycompany. Anemployeecannominate5dependentsapartfromhimself/herself. An employee can nominate 5 dependents apart from himself/ herself Thepolicycovers/reimbursesexpensesincurredbyanemployeefor treatment of an ailment which warrants the employee or the dependant to be treatmentofanailment,whichwarrantstheemployeeorthedependanttobe admittedas'inpatient'foraminimumperiodof24hours.Preexisting ailments,ifany,willbecoveredunderthisplan. y p y p , Maternityclaimsarepayableupto thelimitofRs50,000. Thepolicyprovidescashlesshospitalizationfacility,claimadministration , q p services,assistanceforqueriesandecardsforallthedependants.
Highlights
An employee can avail the 'Part Time Work policy'fora Anemployeecanavailthe PartTimeWorkpolicy for a maximumperiodof 6months. Atanygivenpointintime,notmorethan10%oftheteamcan optforPartTimeWork. opt for Part Time Work Employeewillbeeligiblefor50%oftheirgrosssalary(CTC) for thisduration. Duringthisperiod,anemployeewillaccrueonlyhalfthe privilegedleave. Duringthisperiod,employeesareeligibleforallotherleaveas g p , p y g perLeavePolicy.However,the7day'Mandatory'leaveisnot applicabletothoseonPartTimeWork. All the other benefits would be applicable as per the company Alltheotherbenefitswouldbeapplicableasperthecompany guidelines. Employeeswillnotbeallowedtotakeupanyotherexternal assignment(paid/unpaid)duringthisperiod. assignment (paid/unpaid) during this period
TalentSeparation