What it does: General Electric (GE) develops and manufactures electrical and electronic equipment, aircraft engines, and financial services. It also operates in sectors including GE Healthcare, renewable energy, digital industry, power, locomotives, additive manufacturing, and venture capital and finance.
Mission: We rise to the challenge of building a world that works.
Size and presence: The corporation operates in 130 countries and delivers its services to over 175 countries. It has around 168,000 employees as of 2021, of whom approximately 55,000 were employed in the United States.
Best known for: bringing some of the most innovative solutions that deliver essential energy, transportation infrastructure, and healthcare.
The good bits: GE is one of the largest corporations in the world that operates through four main industrial segments: Renewable Energy, Aviation, Healthcare, and Power. It generates employment for many people in different segments and job categories. Moreover, it is known for its positive work culture and career growth.
The not-so-good bits: As the corporation operates in many different areas, it requires a certain set of skills for different job roles. The employees may have a bigger responsibility to manage everything but this is what makes an individual grow personally and professionally.
General Electric Company (GE) is an American multinational conglomerate operating in different sectors. The main sectors include GE Healthcare, Power, Aviation, Renewable Energy, Additive Manufacturing, Digital Industry, Locomotives, and Venture Capital and Finance. However, the company has been focusing on 4 main segments and diverted from other areas. These four main sectors include Aviation, Healthcare, Power, and Renewable Energy.
Headquartered in Boston, GE was founded in 1892 and it was one of the original 12 companies listed on the newly formed Dow Jones Industrial Average in 1896. With time, it participated in markets that include generation, transmission, and distribution of electricity, motors, industrial automation, medical imaging equipment, aircraft jet engines, and aviation services.
With a presence in over 100 countries, it also offers a range of financial services through GE Consumer Finance, GE Commercial Finance, GE Equipment Services, and GE Insurance. GE Industrial is a popular division providing Consumer and Industrial products including appliances, electrical distribution, and lighting while GE Enterprise Solutions deals with digital energy, security, Fanuc Intelligent Platforms, and sending & inspection technologies.
As GE has a culture of diversity and inclusion, it values people’s differences. It hosts many events to bring employees together and share knowledge. The company believes that customers determine its success and that’s why employees at every level are encouraged to empower and inspire each other and deliver results in an uncertain world.
According to GE, integrity is critical for whatever the company does and that’s why employees are encouraged to work as a team. Moreover, sustainability is also integrated with strategy development and risk management. It focuses on sustainable operations and cross-functional committees.
GE looks for creative candidates who take initiative and love to bring innovative solutions to all problems. It also looks for accountability, teamwork, flexibility, judgment, resilience, and a desire to stay up-to-date with the latest trends.
Here’s what applicants can expect from GE’s selection process…
The recruitment process may take up to 3-4 months depending on the type of job and location. The company also visits Management and Engineering campuses to hire the best talent while candidates can also apply from the company’s official website.
GE offers many career opportunities to deserving candidates and has around 997 offices or facilities in different cities. The candidates can choose from many businesses as per their skills and abilities. The main businesses include Additive, Aviation, Digital, Capital, Power, Healthcare, Corporate, Renewable Energy, Research, and Electric Insurance.
There are also enough opportunities for students and graduates as GE offers many interns and leadership programs. These programs are designed to provide students and recent graduates with experience with real-world challenges. The main opportunities include internships & co-ops, entry-level roles, and leadership programs.
The average estimated annual salary at GE is $100,898, or $48 per hour and it includes base and bonus. However, the average estimated annual median salary is $98,300, or $47 per hour. The highest-paid job at GE is a Director of Sales who gets around $252,452 per year while the Receptionist is paid around $38,816 annually.
GE strives to bring different communities together and works to provide the most innovative and sustainable solutions. The corporation believes in gender equality, good health & well-being, sustainable cities & communities, climate action, peace & justice, and partnerships.
The UN Sustainable Development Goals (SDGs) aim to address the most challenging problems faced by the world. It includes access to healthcare, climate action, and reducing inequalities. June is Pride Month and GE promotes self-affirmation and visibility.
GE Power supports the LGBTQAI+ community through its Pride Alliance Employee Resource Group (ERG). The group aims to raise awareness of LGBTQAI+ issues and also helps them get a safer environment, free from discrimination.
In 2019, Harry Markopolos, a financial fraud investigator, criticized GE for being a ‘bigger fraud than Enron’. He alleged $38 billion in accounting fraud but GE denied all allegations of fraud or wrongdoing. Another controversy took place in 2020 when GE reported it received a Wells Notice from the Securities and Exchange Commission. The notice was about taking civil action for possible violations of security laws.