New rule passionate people

New rule passionate people - New rule: Hire passionate...

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New rule: Hire passionate people. Old rule: Rank your players; go with the A's. By Betsy Morris , Fortune senior writer July 11 2006: 10:13 AM EDT NEW YORK (Fortune) -- At GE under Welch, employees were ranked as A, B, or C players, and the bottom group was relentlessly culled. "We're an A-plus company," Welch told his executives in 1997, according to Robert Slater's book, "Jack Welch and the GE Way." "We want only A players. Don't spend time trying to get C's to be B's. Move them out early." Pretty soon places as diverse as Charles Schwab and Ford ( Charts ) began ranking employees. But as with Six Sigma, the practice became overdone. Welch's "vitality curve," in the hands of less deft managers, became the "dead man's curve," or "rank and yank." Everybody, it seemed, was expendable. There was a price to pay. According to a Rutgers and University of Connecticut poll in 2002, 58 percent of workers believed most top executives put their own self-interest ahead of the company's, while only 33 percent
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New rule passionate people - New rule: Hire passionate...

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