Heard that Chevron might be going Exxon way and implement Stack Ranking. How does it work? Does it mean bottom 10% or people they don't like are let go every year?
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yeah. it’s a communism situation
everybody is equal but the people running the party are more equal than you and so they never lose out on anything and get dibs first
If they keep cutting the bottom 10% how will myself and some other normal workers keep our jobs. Can we sue?
@OP when would this be implemented? This year or next?
Chevron will try and emulate the tech sector, like it did this when it established ENGINE. No stacked ranking, but frequent smaller-scale and more focused layoffs. Stacked ranking made sense for GE, since it runs numerous disparate divisions in unrelated businesses, acquires heavily, and needs some mechanism to determine if anyone working there actually does anything. Stacked ranking has been abandoned for good reasons, especially due to the adverse impact on teamwork and collaboration. (Why help a competitor throw you out of work by teaming with him?)
I thought it was Stank Racking.
I've worked at places that have used this ranking model. It came from GE and Jack Welch. The idea was to cut the bottom 5 to 10% every year. They liked to call it cleaning the rot. I never saw anyone in management ever get the axe. Believe me, this model stinks.