i4cp is well known for its research into performance
management next practices, especially as it relates to organizations abandoning
or significantly altering traditional performance reviews. Several of our member
companies, including Microsoft and REI (watch a presentation on how REI threw out
traditional annual performance reviews), have made the transition.
The idea of moving away from annual pay raises entirely,
meanwhile, speaks to broader issues regarding the evolution of work and the
rise of non-traditional work arrangements, demands of millennial employees and
high performers (flexible work arrangements, more paid time off, concierge
perks, etc.), and overall corporate culture.
Mark Englizian, chair of i4cp's Total Rewards
Leader Board and former Chief Human Resources Officer of Walgreens, sat
down with Tyler Mathisen and Sue Herera of PBS and CNBC's Nightly Business
Report to talk about the significance of GE's considerations (and to note, they
are just considerations). Watch the