Word: rankness
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...Whether they're fair or not, bell curve-like rating systems--which many employees now call rank and yank--have spread in recent years to some 20% of U.S. companies, and the trend is growing. They're particularly handy during periods of economic slowdown like the present one, when employees tend to cling to their jobs rather than retire or change positions. That lowers the normal rate of departures through attrition--which can run as high as 20% of a corporate work force when people feel like job hopping--just when companies are seeking to cut their costs to satisfy...
...have clear-cut differences, it is very difficult to justify laying off that person," says Paul Gregory, a Houston attorney who specializes in employment law. That's particularly true if the person had been told for years that his or her work was fine. "Part of the problem with rank and yank," Gregory says, "is that most managers were not trained to give honest evaluations, so no honest, critical history exists...
...competitive systems like Enron's have a weakness, it's that they can stir suspicion and discourage teamwork. If I help you, you'll get a better rank than I will. Challenger tells of a manager who recently had to rank all his people in preparation for a 10% work-force reduction. "It was agonizing," Challenger says, "because everyone in his department played a unique role." When such choices arise, he adds, "all the relationships instantly become strained...
...Going into the Princeton game, it would have been a dream come true to win that game and gain the top rank," co-captain Maisa Badawy said. "Hats off to Princeton, they are an amazing team. But there was no question that we weren't going to take it to Columbia and Dartmouth...
...dates that cloud U.S. military history, April 9, 1942, must rank as one of the most devastating. In the Philippines, with his troops racked by disease, surrounded and facing annihilation, U.S. Army Major General Edward King surrendered his 78,000 American and Filipino soldiers and 20,000 Filipino civilians to an overwhelming Japanese force...