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Hi, I need help with essay on Jack Welch's 20. Paper must be at least 500 words. Please, no plagiarized work!1. 20-70-10 principle is valid and important in situations where there is generally a well-
Hi, I need help with essay on Jack Welch's 20. Paper must be at least 500 words. Please, no plagiarized work!
1. 20-70-10 principle is valid and important in situations where there is generally a well-defined criterion for performance appraisal. Employees know that they will be appraised objectively based upon their true performance and not on other subjective criteria for evaluating their performance. (Boudreau and Ramstad,152)
2. A B C Positions framework however, can be more suitable in situations where it is expected that the employees will work hard to move up the ladder. It is generally perceived that bottom 10% of the employees are always to be fired however, players at C ranking can actually work hard to move upwards in the ranking rather than being fired.
3. In order to achieve a better fit between the employees and the skills required to accomplish tasks within the organization, the system of 20-70-10 is considered as more suitable as it gives managers and employees a clear understanding of what is required from them.
4. 20-70-10 is often considered as a system where favors are being showered on employees falling within top 20%. (The Wall Street Journal). In an environment where managers tend to be affected by the occasional good performance, this system may not work. As such, in order to effectively execute both these frameworks, a consistent approach to evaluate performance across all the functions shall be evaluated.
5. These frameworks can work in an environment where employees are already energetic as well as skilled. As such, a particular environment is required to identify the employees once equal opportunities are offered to all employees. This system however, may not work in an environment where significant bureaucracy exists and employees are hired for reasons other than their competence as well as skills. (Ovide and Feintzeig)
6. Cross utilization of employees may be relatively difficult in these frameworks i.e. an employee rated in bottom 10% or C player may find it difficult to
