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Stack ranking started in the 1980s when General Electric (GE) CEO Jack Welch coined his ‘ vitality curve ,’ a forced ranking system that ‘stacked’ employees against one another regarding performance evaluation. According to research, 30% of Fortune 500 companies use the stack ranking evaluation system today.
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Retention: Competitive Compensation and Benefits: Offering competitive salaries, bonuses, and benefits packages to retain top talent. PerformanceManagementPerformance Evaluation: Goal Setting: Establishing clear and measurable performance goals that align with organizational objectives.
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As both a practitioner and consultant, Paul Niven has developed successful PerformanceManagementsystems for clients large and small in a wide variety of organizations, including Fortune 500 companies, public sector, and nonprofit agencies. That’s what OKRs can do for you. With OKRs, it is the opposite.
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