Beatrice Lang
General Electric Company (GE) is an American multinational conglomerate founded in 1892. The company has a diverse range of offerings, including power and water, oil and gas, energy management, aviation, healthcare, transportation, appliances and lighting, and GE capital. In 2020, GE ranked 33rd among the Fortune 500 largest firms in the US by gross revenue. The company has a strong presence in the aerospace industry, with GE Aerospace being one of its three main businesses, alongside GE HealthCare and GE Vernova. GE Aerospace is focused on safe and sustainable flight and aviation services. While the company has a large global presence, it is unclear whether GE still has specific space-related jobs or projects. However, with its diverse offerings and commitment to innovation, GE continues to be a leader in various industries, including those with space-related applications.
| Characteristics | Values |
|---|---|
| Company Name | General Electric Company (GE) |
| Type of Company | American multinational conglomerate |
| Year Founded | 1892 |
| Headquarters | Boston |
| Areas of Work | Aviation, power, renewable energy, healthcare, transportation, appliances, lighting, GE capital, infrastructure, financial services, industrial segments, etc. |
| Number of Employees | 305,000 |
| Average Annual Salary | $86,183 |
| Diversity | 29% women, 71% men; 59% White, 14% Hispanic or Latino |
| Company Culture | Innovative, leadership-oriented, supportive of work-life balance, committed to employee growth |
| Job Opportunities | Internships, leadership roles, digital technology roles, human resources roles, etc. |
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What You'll Learn
GE Aerospace
The company has a rich history in engine development, with notable contributions from engineers like Bernard "Bernie" Anderson, who worked on iconic 20th-century engines and was inducted into the GE Aerospace Propulsion Hall of Fame. GE Aerospace has continued to innovate, recently shipping the first production CFMLEAP-1A engines with a new reverse bleed system to Airbus. Additionally, GE Aerospace has expanded its engine health monitoring capabilities, providing operators with accurate insights.
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Job opportunities and internships
GE Aerospace, a world-leading provider of jet and turboprop engines, offers a range of job opportunities and internships for those aspiring to work in the aerospace industry. The company is committed to creating a more sustainable future of flight, focusing on the development of efficient aircraft engines compatible with alternative fuels.
Job Opportunities
GE Aerospace offers careers in various fields, including engineering, digital technology, finance, and human resources. They seek individuals with a strong background in construction, electrical systems, and aviation technology. Working at GE Aerospace means contributing to innovative solutions and collaborating with industry leaders to shape the future of aviation.
Internships
GE Aerospace internships provide a unique learning experience, allowing interns to work alongside industry leaders and make meaningful contributions. They offer internships in several areas:
- Engineering: Interns can explore design and analysis, testing, materials, and engineering systems. They can work on commercial and military engines or focus on avionics hardware and embedded coding.
- Digital Technology: Interns are exposed to IT and software business leaders and gain experience in technical product management, software development, cyber security, data analytics, and more.
- Finance: Finance interns enhance their skills through project-based assignments in top aviation finance initiatives, including commercial, FP&A, supply chain, and digital spaces.
- Human Resources: HR interns can specialize in areas like employee relations, HR generalist roles, and organizational development.
- Customer-Facing Roles: Internships in sales, commercial operations, marketing, or communications provide valuable experience in customer interaction and business development.
Through these internships, GE Aerospace offers individuals the chance to develop their skills, gain industry knowledge, and contribute to innovative solutions that shape the future of aviation.
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Employee growth and retention
Employee retention is a critical aspect of modern human capital management programs. High employee retention supports a robust, stable culture and improves employee engagement. It also builds a stronger, more resilient organization.
Happy, satisfied workers provide a stable foundation for building a talent strategy that elevates your business. As an HR leader, you can improve and optimize your offerings—including pay, benefits packages, employee experience, and growth opportunities—to increase employee retention.
A stable workforce reinforces a culture of recognition and growth, where employees see their contributions valued over time. They feel like integral members of the team instead of feeling like replaceable parts.
To improve employee retention, businesses can take several measures, including:
- Providing conflict resolution training for managers and employees
- Establishing clear channels for feedback and grievances
- Promoting a culture of empathy and understanding
- Offering professional development opportunities
- Designing and implementing mentorship programs
- Creating a well-planned and organized onboarding program
- Providing competitive compensation and employee benefits
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Company culture
General Electric (GE) is a technology company with a diverse range of offerings, including power, oil and gas, energy management, aviation, healthcare, transportation, and lighting. The company has a long history, dating back to 1892, and currently operates worldwide with over 300,000 employees from diverse backgrounds.
GE's company culture has been described as "college-like," with a focus on training and team-building. The company provides extensive corporate training, creating a positive and cohesive work environment. GE's culture fosters diversity, equity, and inclusion (DEI), although some have noted a lack of diversity in management positions. The company has a strong employee retention rate, with an average staff tenure of 5.6 years and an average annual salary of $86,183.
While GE's leadership has received a relatively low grade from employees (a C-), the company's overall mission and purpose are well-regarded. GE's mission is to "invent the future of flight, lift people up, and bring them home safely," with a particular focus on energy and healthcare. GE Vernova, for example, is dedicated to providing affordable, reliable, and sustainable energy solutions, while GE Healthcare aims to advance personalized and connected care for patients.
Despite some challenges, GE employees generally seem to appreciate the company's culture and the opportunities it provides for learning and growth. The company's strong reputation and history also make it a desirable place to work, even for those who may not plan to stay long-term.
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Diversity and inclusion
One notable initiative is GE's commitment to increasing the diversity of its legal department, which has resulted in significant changes. Between 1999 and 2000, the number of Hispanic attorneys increased by 113%, Asian attorneys by 27%, and African American attorneys by 26%. Additionally, GE has made efforts to increase the number of women and minority outside counsel working on its legal matters. The company has also hired a full-time diversity management attorney, Anna Brown, to promote diversity within the firm.
GE has established various employee resource groups (ERGs) to foster an inclusive workplace and drive innovation through diverse perspectives. These ERGs are open to all employees, regardless of background or identity. Examples of these groups include those focused on African Americans, Asia Pacific Allies, Pride (LGBTQI+), Hispanics, disabilities, veterans, and women. For instance, the Disability Alliance Network (DAN) provides support and resources for employees with disabilities, their families, and allies, while PRIDE advocates for inclusive work environments and promotes GE's commitment to developing LGBTQAI+ talent.
Furthermore, GE has implemented mentoring programs to support diversity and inclusion. One such program pairs senior executives with high-potential women and minorities, providing them with exposure to senior leadership and guidance for their career development. These initiatives reflect GE's dedication to creating a culture of inclusion where all employees can contribute and succeed, regardless of their background.
While GE has made strides in diversity and inclusion, there is still room for improvement. According to a Comparably survey, diverse employees at GE gave the company a score of 61/100 across various culture categories, placing it in the bottom 30% of companies with 10,000+ employees. Nonetheless, GE remains committed to fostering an inclusive environment, and its efforts have been recognized by external organizations, demonstrating its ongoing journey towards creating a more diverse and inclusive workplace.
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Frequently asked questions
Yes, General Electric (GE) has jobs in the aerospace industry. GE has a division called GE Aerospace, which focuses on safe and sustainable flight.
GE Aerospace works on aircraft jet engines and aviation services. The company also has a history in aviation, previously owning the television network NBC.
GE works in a variety of industries, including power and water, oil and gas, energy management, healthcare, transportation, appliances and lighting, and GE capital. The company also has a diverse product portfolio, including gas turbines, nuclear reactors, wind turbines, medical imaging equipment, and freight locomotives.
