Implications of Performance Appraisal at General Electric Company

Abstract

In competitive periphery, performance management is considered as essential ingredient for any business’s survival. Since 2000, performance management developed itself as a legislative condition for any type of organization all over the world. In management toolbox, very few winwins strategies are left and performance management is considered as the best strategy. In the light of recent downturn in economy around the globe, performance management and appraisal played a significant role in the effective management for the employees in any viable organization of any industry and enhanced the satisfaction, commitment and organizational performance. Most of the organizations have poor reputation with the implementation of performance management system and performance appraisal process because of non-serious attitude of top management. Accordingly, this study aimed to highlight the importance of performance management system within General Electric Company. Implications for practicing managers are presented.