Well Strazik was asked a question about the attrition rate. In his normal monotone emotionless manner said it was 6%. Then he went on to state that even though it is high it will help curb some of the future cost cuts. Really! Well news bulletin Mr. Strazik the problem is 5.5% is regrettable. What does that tell you about your lack of Leadership and the culture your so absent in. Numbers are your game; no empathy, no connection, no personal appeal and worst of all you have your head up your a... on the amount of knowledge walking out the door. Years of knowledge that you think can be replaced with process and people that don’t have a clue. We’re not running a business that makes tiddlywinks winks. Customers walking away because of lack of quality and incompetent Leadership. If Culp were smart he’d get down within the organization and talk to people who really know what’s going on. Again; fostering a culture of do as I say because I’m the brainiac; well it doesn’t take long for those who think they know it all to stumble as their teams walk...sound familiar as to what’s happening. You better get your esteemed team and yourself to start connecting or you’ll only be talking to yourself in the mirror. Try not brushing it aside likes it’s nothing and get real for a change.
14 replies (most recent on top)
Homewrecker is at it again.
Sad, it was an AWESOME business created by generations of awesome people who dont deserve to have the homewrecker wreck it.
Wow.. still having expats when regular hardworking folks are getting laid over!!!
Right, "Faster, Higher, Stronger". Was Not Aware It's A Olympic Game.
The people leaving are valued more by outsiders than GE. Does HR have the right top talent properly identified? Probably not.
The point is that the execs and officers are so focussed on saving their jobs that they have not time to care for the real talent. Head count is just a number and never about what’s inside the Head counting ever in GE
Attrition rate is not the real story. If you lose 6% of your top talent and key, experienced leaders it has much more impact than a "run of the mill" attrition 6% rate. From where I am seeing that is what's happening now and has been for more than a year.
They don’t care.. Head of power in Asia Malaysian lives in Thailand , services boss American in Singapore , field core boss Australian in Malaysia.. common thread all expats at places of work .. do you think they care for attrition?
"willing to stomach whatever’s necessary to keep their jobs"
"have limited opportunities outside GE"
spot on.
Attrition is part of the plan. Much cheaper to have folks leave voluntarily, and the company avoids the negative press of layoffs.
Also, attrition gets rid of the malcontents. These are folks who aren’t happy already, and are unlikely to become happy anytime soon, given the lack of compensation increases or promotion opportunities.
You end up with a more committed workforce, who you know are probably willing to stomach whatever’s necessary to keep their jobs. Some of these folks are just super loyal, others have limited opportunities outside GE.
I attritted myself voluntarily a few months ago, and am quite happy with the decision. I had strong views that were counter to the leadership’s views, so better to take that elsewhere.
Need leadership change real fast. Culprit is getting bad input from his advisors and upper management.
This is a sinking ship....
BAM! Spot on!
WELL SAID. 100% correct.
couldn't agree more.