JP Morgan building plunge victim was IT chief at bank

[pjclarke]

I think vitality curves in the States are used as an excuse to get rid of what middle managers call 'C' players - there's no way any organisation could be daft enough to base performance on pseudoscience – is there?

That's right, based on Ed Welch's ideas at General Electric I think. A=top 10% B=middle 80% C= Bottom 10%. Or some variation on that.

So you kick out the dead wood at the bottom. Then next time round, there is no dead wood - but somebody still has to be in the bottom 10% Even Microsoft have seen the light.

http://bits.blogs.nytimes.com/2013/1...n-system/?_r=0

Divisive and stressful. What happened to me at HSBC was not technically meant to happen and I gave the HR department some feedback via an intranet questionnaire. Very soon afterwards I got a phone call by a young HR lady asking if I wanted to discuss it and give her more detail. I told her there was not much value in that, as I had just handed in my notice. 'Oh', she said 'was this a factor in your decision to leave?'. 'You're the people person', I replied, 'YOU work it out.'

Muppets.

[Mich the Tester]

I think vitality curves in the States are used as an excuse to get rid of what middle managers call 'C' players - there's no way any organisation could be daft enough to base performance on pseudoscience – is there?

Reminds me of Enrico Fermi's remarks about 'great generals';

As to the influence and genius of great generals — there is a story that Enrico Fermi once asked Gen. Leslie Groves how many generals might be called “great.” Groves said about three out of every 100. Fermi asked how a general qualified for the adjective, and Groves replied that any general who had won five major battles in a row might safely be called great. This was in the middle of World Wat II. Well, then, said Fermi, considering that the opposing forces in most theaters of operation are roughly equal, the odds are one of two that a general will win a battle, one of four that he will win two battles in a row, one of eight for three, one of sixteen for four, one of thirty-two for five. “So you are right, general, about three out of every 100. Mathematical probability, not genius.”

Now that's a rather good proper scientist talking about performance statistics.

[jmo21]

Microsoft recently got rid of Stack Ranking as Yahoo brought it in

[minestrone]

I can imagine a great many JPM employees maudlin drones to friends about "how it is a frightfully harsh environment, one can almost expect this kind of thing as we get pushed to our absolute maximum", never missing a chance to self promote or inflate their egos around others.

[IR35 Avoider]

My understanding of JPM performance appraisal system is that managers have to give 1 in 5 workers a bottom rating, get two of those and you're out.

(Described to me a couple of years ago by someone who works there.)

[Mich the Tester]

£. It's not forever (it just feels like it sometimes).

Fair enough, but didn't you say 22 years? That's a life sentence, innit?

[Lockhouse]

Fair enough, but didn't you say 22 years? That's a life sentence, innit?

I could have murdered someone and been out by now. Very true. Wouldn't have paid as well though.

[doodab]

managers have to give 1 in 5 workers a bottom rating, get two of those and you're out

Having ones bottom rated. How bizzare.

[BrilloPad]

My understanding of JPM performance appraisal system is that managers have to give 1 in 5 workers a bottom rating, get two of those and you're out.

(Described to me a couple of years ago by someone who works there.)

Close. You get rated DNM, M-, M, M+, E. Each are 10% apart from M which is 60%. Get 2 DMU in consecutive years and you are out - not that I have ever heard of anyone gettong out in that way. Generally the DNM are unhappy and leave on their own accord.

[amcdonald]

Having ones bottom rated. How bizzare.

No that's more Chase they're full of weekend bottom raters