GE – “From Employer of Choice to Middle of the Pack”

Pros

A variety of roles and career paths available. You have the opportunity to stretch yourself in jobs. Always something new to learn and a challenge to solve. A variety of business units to work in covering different industries.

Cons

In 2010 GE will be switching its medical benefits in the United States that will drastically increase the medical costs to employees. Further all salaried employees have not received salary increases since 2008. I am not sure how the company thinks employees will be able to afford these additional costs without being compensated. GE is moving from employer of choice to middle of the pack. Years ago you could depend on GE to be stable and not worry about losing your job. You also had great medical and retirement benefits. Today you can get laid off at any time and your medical benefit costs will increase by 150% with 0% salary increase. Not to mention that the company has historically had lower than average salaries. I believe that in employees will have to seriously take this into consideration before joining the GE team in the future.

Advice to Senior Management

Focus on your employees. If you make them successful the company will follow. Stop letting the government dictate the way we operate our business.