Business Standard

Letter to BS: Jack Welch's contribution to HR management will be remembered

The performance appraisal system (2X2 Matrix) introduced by him made ethical grounding more important than outstanding performance

Jack Welch
Premium

In GE he experimented with his concept of “boundaryless organisation” aiming to do away with internal functional silos and external barriers between the company and its customers and suppliers

Business Standard
Apropos the report “Wall Street darling, management guru who remade GE, dies at 84” (March 3), Jack Welch would also be remembered for his co­ntribution to the field of hu­man resource management. The performance appraisal sy­stem (2X2 Matrix) introdu­ced by him (which rates em­ployees on the basis of achieving corporate goals while adhering to the value system of the compa­nies) made ethical grounding more important than outsta­nding performan­ce. While an employee high in value but poor in performance would be retained and trained, the one with high performance but low in value would have to leave. He gave a push

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in