Jack Welch, past CEO of GE, popularized a performance apprai…

Jack Welch, past CEO of GE, popularized a performance appraisal system informally known as rank and yank. Under this system, managers were forced to place a specific number of employees into excellent, average, and poor categories. What is the formal name for this performance appraisal system?

In the Chapter 3 reading and lecture, one of the two traditi…

In the Chapter 3 reading and lecture, one of the two traditional pay bases discussed was merit pay. What is the definition of merit pay? Why is it so popular in the United States? What are some of the advantages of this pay basis? What are some of the disadvantages of using merit pay?