Any GE recovery will not start until employee morale is restored and the hardworking employees are respected. When will leadership and HR figure this out? Retirement 401K destroyed with GE stock freefall. No raises or minimal compensation over the last 5 years that does not even keep up with inflation and dramatic increases in benefit costs that they should be ashamed of to even roll out. Over $5k for health benefits to have a $5k deductible? Really?
HR must have studies on how workforce morale ties in with production and the success of a business. They must not care.
This constant nickle & diming of the workforce will cost the company tenfold in lack of motivation alone. Who is going to go above and beyond or put in extra effort for a company that goes out of their way to "F" the employees? The cost to the company could be a hundredfold or more depending on the employee F- Back effect.