Not only does a high talent density lead to more innovation, it also makes you an even more attractive employer. After all, talented, ambitious people prefer to work in teams with other talented colleagues. They can use their capacities to the fullest and are constantly challenged. And if an employee you hire ultimately does not perform as perfectly as expected? According to Reed Hastings, you should offer this employee a generous severance package and look for a replacement who is perfect.
Freedom is a central theme throughout Netflix’s culture. In the early years of Netflix, one of the first things to be eliminated was the vacation policy. Because if you have great colleagues and give them enough context, Netflix believes you should be able to trust that employees will always act in the best interest of the company. Later, more and more control procedures were eliminated, including approval for travel and expenses.
The Netflix co-founder openly admits that philippines telegram data this sometimes caused problems in the early stages. This was because not all super colleagues acted in the best interests of the company. But according to him, these problems were caused by the fact that employees did not have enough context to make the right choices. By giving employees more and better context, for example by indicating what is and is not acceptable, you can increasingly trust that they will make the right choices.
In addition, employees at Netflix are given a lot of freedom in their work. For example, the book describes stories of managers who had only been working at Netflix for a few days and were surprised that they were already allowed to sign their first million-dollar contracts independently on day three.
Netflix culture
Feedback drives innovation to the highest point
In addition to freedom, continuous feedback is also an important theme in the corporate culture at Netflix. In most traditional companies, there is only top-down feedback. In this case, the employee receives improvement points from his or her manager during an appraisal interview. In many cultures, it is even absolutely unthinkable and unacceptable to criticize someone higher up in the hierarchy.
