HR%2BGroup%2Bpaper-anastazia+corrections

HR%2BGroup%2Bpaper-anastazia+corrections - HUMAN CAPITAL AT...

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Unformatted text preview: HUMAN CAPITAL AT GE 1 Human Capital Management at GE Richard Bernhardt (all of our names need to be here) Chadron State College Author Note A brief author note (what are you planning on here? I normally do not have this is my papers but am open to new ideas) HUMAN CAPITAL AT GE 2 Abstract This paper will discuss the situation at G eneral E lectric in regards to Human Resources. We will show the current practices that are used from an inside perspective. We will also show some of the general practices that exist from research from outside resources. An abstract needs to be a summary of the paper. It is usually 2-3 paragraphs Keywords: GE, Human Resources, human capital, practices HUMAN CAPITAL AT GE 3 Human Capital Management at GE Introduce the General Electric - focused on micro-functional HRM General Electric is one of the worlds largest employers. GEs Products and Services are sold globally in existing and emerging markets. As a public company, GEs first duty is to its shareholders to create a sustainable business that continues to create value, cash and growth. GEs stock is a large part of the investments of millions of people globally and is often traded in large blocks by institutional investors. In this paper, we ( make we are using the same tense throughout) will discuss how GE meets those obligations to the shareholders by having effective Human Resource Management (HRM) programs and how to improve them with a macroscopic Human Capital Management (HCM) initiative to create a stronger company by helping develop the single-largest cost and benefit of GE its people. GEs History: GEs founder, Thomas Edison, opened a laboratory in Menlo Park, NJ in 1876 with a focus on improving electrical devices he saw at the Philadelphia, PA Centennial Exposition. In 1890, Edison formed the Edison General Electric company with the consolidation of several companies he founded previously. After merging with the Thomson-Houston Company in 1892, the General Electric nameplate came into use. While many of the original product lines of the original GE Company are still active, GE has diversified significantly. Along with lighting, electrical generation, distribution and transmission GEs initial principal focus GE has expanded into several other market segments including transportation (manufacturing locomotives and tracking performance of trains, trucks and airplanes with advanced telemetric devices), aircraft engines, medical equipment, nuclear energy, consumer appliances and a capital management company that funds HUMAN CAPITAL AT GE 4 internal and external investments. GE has divested companies in the past such as GE Plastics in 2007 to SABIC and GE Aerospace in 1993 to Martin Marietta which is now Lockheed Martin (General Electric timeline, 2011)....
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This note was uploaded on 04/02/2012 for the course BUSINESS mgmt taught by Professor Bruehlman during the Fall '12 term at Chadron State College.

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HR%2BGroup%2Bpaper-anastazia+corrections - HUMAN CAPITAL AT...

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