[global hr forum 2014] how ge acquires and nurtures talent in the 21st century

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Imagination at work. Misa Yamashita, General Manager, HR, GE Healthcare Asia Pacific November 6, 2014 How GE acquires and nurtures talent in the 21st century

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Identifying and making use of human resources plays even more decisive role in the success of a business, especially after the global financial crisis. As such, businesses are making significant efforts to increase their hiring expertise. After the high expenses and efforts on recruiting process, companies also have difficulties in managing their employees. In that, it is not only difficult to attract and select excellent talents but also needing much effort to train, motivate and retain them. In this session, speakers will share their know-how on recruiting/managing key human resources and discuss the ways to avoid miss-matching between the recruitment and management process.

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Page 1: [Global HR Forum 2014] How GE Acquires and Nurtures Talent in the 21st Century

Imagination at work.

Misa Yamashita, General Manager, HR, GE Healthcare Asia Pacific November 6, 2014

How GE acquires and nurtures talent in the 21st century

Page 2: [Global HR Forum 2014] How GE Acquires and Nurtures Talent in the 21st Century

“I find out what the world needs, then I proceed to invent it .”

– Thomas Edison

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Page 3: [Global HR Forum 2014] How GE Acquires and Nurtures Talent in the 21st Century

Our business units

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~$146 Billion Revenue in 2013

$16.9 B Operating Earnings

Capital

30% / $44.1 B

Appliances & Lighting

5% / $8.3 B

Healthcare

12% / $18.2 B

Aviation

15% / $21.9 B

Transportation

4% / $5.9 B

Energy Management

5% / $7.6 B

Oil & Gas

12% / $17.0 B

Power & Water

17% / $24.7 B

Page 4: [Global HR Forum 2014] How GE Acquires and Nurtures Talent in the 21st Century

Key statistics • About 307,000 employees

worldwide

• Operating in more than 170 global locations

• Rated AA+ with stable outlook by S&P

• Only current DJIA company in original index

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Our culture

• We invest in people and develop global leaders in a high-integrity environment.

• We perform with excellence…

focused on organic growth, productivity and risk management.

Page 5: [Global HR Forum 2014] How GE Acquires and Nurtures Talent in the 21st Century

A Great Team Our culture is about providing everyone who works at GE with opportunities to exercise their responsibility, integrity, and creativity while growing themselves, their careers, and our business.

41,000 PEOPLE HIRED IN 2013

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$1B INVESTED IN LEARNING PER YEAR

97% SENIOR LEVEL RETENTION ACROSS GE

15% MORE LEADERS OUTSIDE THE U.S. IN THE LAST 5 YEARS

Page 6: [Global HR Forum 2014] How GE Acquires and Nurtures Talent in the 21st Century

Hire

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Page 7: [Global HR Forum 2014] How GE Acquires and Nurtures Talent in the 21st Century

Broadening talent strategy Create global talent pool … HR’s #1 strategic imperative

Great heritage New & young

GTR CoE

• Sourcing / talent mapping

• Strategic / exe. Search

• Technology / e-tools

• Market intelligence

Buy • University / EID

• Leadership programs

• Crotonville

• Exe. development

• SC / Perf. management

Build

BUY is as important as Build … need investment & commitment! Evolving from “tactical/commodity” to “strategic/differentiator”

+

~70% talent found externally in Growth Markets … need to build GE’s world-class reputation here – now! GTR can be GE’s competitive advantage

GE: world-class

Page 8: [Global HR Forum 2014] How GE Acquires and Nurtures Talent in the 21st Century

Develop

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Page 9: [Global HR Forum 2014] How GE Acquires and Nurtures Talent in the 21st Century

GE Values - foundation of GE Culture

We have always evolved… .

Page 10: [Global HR Forum 2014] How GE Acquires and Nurtures Talent in the 21st Century

5 themes driving our transformation

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A distinct repositioning of how we work together

1. Customer/user driven vs.

make the sale

2. Lean with speed and urgency vs.

controlled

3. Adapting, learning & iteration vs.

perfection

4. Talent & empowerment vs.

hierarchical

5. Changing the game vs.

changing the world

Page 11: [Global HR Forum 2014] How GE Acquires and Nurtures Talent in the 21st Century
Page 12: [Global HR Forum 2014] How GE Acquires and Nurtures Talent in the 21st Century

Our journey continues….

What stays the same… . • Performance culture …

meritocracy • Differentiation

• Integrity

What we need to continue to evolve… .

• From GE Growth Values to

GE Beliefs

• Focus on talent developm’t

• From Performance

Management to Performance Development

Page 13: [Global HR Forum 2014] How GE Acquires and Nurtures Talent in the 21st Century

Performance Development

Current Future

Meritocracy continues …

• GE Beliefs

• Outcome-based priority setting

• On-going dialog ‘insights’ … touchpoints

• Reinforce good behaviors

• More e-tools and technology

• GE Growth Values

• ‘Goals and Objectives’

• ‘Official’ feedback session once a year

• Focus on development areas

• Utilize e-tools

Page 14: [Global HR Forum 2014] How GE Acquires and Nurtures Talent in the 21st Century

14 HR Learning Café | 23 September 2014

Every interaction is an opportunity to provide insight and coaching; don’t waste it. And remember to use coaching not only to address gaps, but to

reinforce good behavior, too. The outcome should motivate the employee to continue doing great work and change what’s not going

well. These few simple rules will help you be a better performance coach.

Page 15: [Global HR Forum 2014] How GE Acquires and Nurtures Talent in the 21st Century
Page 16: [Global HR Forum 2014] How GE Acquires and Nurtures Talent in the 21st Century

Talent strategy in Korea Young Talents Experienced & Accelerators

Global Offshore & Marine

Energy/EPC solutions

6 month internship program for university students having practical on the job training, one-on-one mentoring, monthly based leadership training, mini-MBA, and volunteering activities, etc.

Talent development and nurturing to foster our local employees to become global leaders. ( 250+ hiring in 2014) Leadership program hiring (CLP, ECLP, EEDP, PMLP, OMLP, FMP, HRLP, CLS, etc.) with increasing local engineering talent development and nurturing. Engineering/R&D Capabilities

POWER &

WATER

OIL &

GAS

Strengthening partnership & localization

ENERGY

MANAGEMENT