(Bloomberg) – General Electric Co. is the laboratory of American management. So when the manufacturing giant says it’s rethinking a bedrock tradition of corporate life -- the annual raise -- you can bet that C-suites everywhere will be watching closely.
GE executives are reviewing whether annual updates to compensation are the best response to the achievements and needs of employees. The company may also scrap the longstanding and much-imitated system of rating staff on a five-point scale. Decisions on both issues may come within the next several months, spokeswoman Valerie Van den Keybus said by phone.
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