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jack: straight from the gut wiki

Many women at Amazon attribute its gender gap — unlike Facebook, Google, or Walmart, it does not currently have a single woman on its top leadership team — to its competition-and-elimination system. If the workload is already high, and the workforce is reduced further due to this vitality curve, then the hiring managers will be under pressure to hire candidates as soon as possible to manage the workload. It is also called stack ranking, forced ranking, and rank and yank.Pioneered by GE's Jack Welch in the 1980s, it has long been a controversial practice due to its negative effects on employee morale and potential for bias and discrimination. In 1981, he made a speech in New York City called "Growing fast in a slow-growth economy".Welch valued surprise and made unexpected visits to GE's plants and offices.During the early 1980s he was dubbed "Neutron Jack" (in reference to the Welch's "walk-away" package from GE was not valued at the time of his retirement, but GMI Ratings estimates its worth at $420 million.Upon his retirement from GE, Welch had stated that his effectiveness as its CEO for two decades would be measured by the company's performance for a comparable period under his successors. MIT Research Fellow Michael Schrage has argued that the forced ranking policy has perverse effects even in organizations that are successful: "Organizations intent on rigorous self-improvement and its measurement inevitably confront an evaluation paradox: The more successful they are in developing excellent employees, the more trivial and inconsequential the reasons become for rewarding one over the other. [...] The coup de grace occurs when the top employees are all told that They called him Neutron Jack.

A 2006 article in That said, in 2013 one human resources consultant estimated that 30% of Stack ranking pits employees against their coworkers in what has been described as a Forced ranking systems may lead to biased decision-making and discrimination.

If the performance based rewards prior to promotion exceed the raise accompanying the promotion, the promotion is an overall reduction in compensation. When promoted to the next level, they continue to perform at their exemplary level. Some critics believe that the 20-70-10 model fails to reflect actual The style may make it more difficult for employees to cross rate from one division to another. They called him the world's toughest boss. But due to higher expectations, the employee may become “B” rated. Throughout his early life in middle school and high school, Welch found work in the summers as a golf caddie, Welch joined General Electric in 1960. (Compare the The vitality curve creates incentive for employees involved in hiring of peers to avoid the best candidates. It is in the individual's personal interest to seek out candidates skilled enough to retain their job, but not skilled enough to excel. He worked as a junior By 1968, Welch became the vice president and head of GE's plastics division, which at the time was a $26 million operation for GE.In 1981, Welch became GE's youngest chairman and CEO, succeeding Through the 1980s, Welch sought to streamline GE. A vitality curve is a performance management practice that calls for individuals to be ranked or rated against their coworkers. Book Summary. The personal impact of adding excellent coworkers is more competition at the “A” end of the curve. Simply “working harder” is an unreliable strategy for obtaining good ratings if everyone is doing it. Warner Books, New York, 2001. "It’s a horrible feeling."

He had taught at MIT Sloan School of Management and taught seminars to CEOs all over the globe. Court filings during the divorce described Welch's GE compensation, which led to a Securities and Exchange Commission investigation of the then-retired Welch's employment contracts with GE.In 2012, Welch and his third wife, Suzy Welch, quit their business associations with Following Welch's retirement from General Electric, he became an adviser to In December 2016, Welch joined a business forum assembled by then president-elect At GE, Welch became known for his teaching and growing leaders.

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