Everywhere I turn I read about China's management needs. Businessweek reported the results of a study by McKinsey & Co. that estimates China will need 75,000 managers over the next 10 years but have only 3,000-5,000 who qualify.
One reason - a decade long Cultural Revolution from 1966-1976. Students of that era..well there were no students. That age group makes up the would be managers now.
General Electric is one company that is meeting its management needs, for now.
1. Voluntary turnover for execs in China is around 14% - GE is less than half of that.
2. GE dishes out foreign assignments to its workers - to Japan, the US and so on. This, GE, says builds loyalty.
3. GE offers a mentoring/training program to its up and coming managers.
4. GE gives access to its managers in training to the CEO Immelt through dinners and special groups.
5. A good manager in GE China can do in three years what takes five or more in other companies. About 60% of GE's salaried employees are under 35.
6. GE offers parties, perks and awards to its performers.
7. GE offers a very clear career path.
8. GE has a research and training facility in Shanghai to look for more promising employees.
Turnover is inevitable where people seek out better lives and the light bulbs seem brighter in other areas...but Immelt says "GE is doing its best to make sure their pipeline is full" of replacements.
What do you think about working for GE?Everywhere I turn I read about China's management needs. Businessweek reported the results of a study by McKinsey & Co. that estimates China will need 75,000 managers over the next 10 years but have only 3,000-5,000 who qualify.
One reason - a decade long Cultural Revolution from 1966-1976. Students of that era..well there were no students. That age group makes up the would be managers now.
General Electric is one company that is meeting its management needs, for now.
1. Voluntary turnover for execs in China is around 14% - GE is less than half of that.
2. GE dishes out foreign assignments to its workers - to Japan, the US and so on. This, GE, says builds loyalty.
3. GE offers a mentoring/training program to its up and coming managers.
4. GE gives access to its managers in training to the CEO Immelt through dinners and special groups.
5. A good manager in GE China can do in three years what takes five or more in other companies. About 60% of GE's salaried employees are under 35.
6. GE offers parties, perks and awards to its performers.
7. GE offers a very clear career path.
8. GE has a research and training facility in Shanghai to look for more promising employees.
Turnover is inevitable where people seek out better lives and the light bulbs seem brighter in other areas...but Immelt says "GE is doing its best to make sure their pipeline is full" of replacements.
What do you think about working for GE?
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