Citi's annual review process is kicking off. Here's an inside look at its unpopular method. [Business Insider]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: Business Insider
Managing directors told BI how the process works and why it can pit employees against each other. Citigroup welcomed 344 new managing directors earlier this month, marking its biggest class in years. Behind the scenes, the promotion process can be political and fraught, pitting employees against each other, four current and former managing directors told Business Insider. Citi evaluates employees on a forced curve , requiring managers to rank them from best to worst using a four-level scale with a certain percentage in each bucket. This system means there's a finite number of top ratings, so employees could exceed all the requirements of their role and still receive a middling grade, said the employees, who spoke on the condition of anonymity. "We are a company filled with hardworking, achievement-oriented colleagues and we embrace meritocracy," a Citi spokesperson told BI in a written statement. "Our process aims to ensure that colleagues across Citi are held to consistent sta
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GE
Earnings
- 10/22/24 - Beat
GE
Sec Filings
- 11/25/24 - Form 4
- 11/20/24 - Form 4
- 11/18/24 - Form 144
- GE's page on the SEC website