Netflix's talent approach has five tenets: hire fully formed adults who prioritize Netflix's interests; provide truthful performance feedback without formal reviews; make managers responsible for building great teams through reshuffling, recruiting, and compensation; task leaders with shaping culture by understanding values, business levers, and subcultures; and require talent managers to think like businesspeople and innovators first.
Netflix's talent approach has five tenets: hire fully formed adults who prioritize Netflix's interests; provide truthful performance feedback without formal reviews; make managers responsible for building great teams through reshuffling, recruiting, and compensation; task leaders with shaping culture by understanding values, business levers, and subcultures; and require talent managers to think like businesspeople and innovators first.
Netflix's talent approach has five tenets: hire fully formed adults who prioritize Netflix's interests; provide truthful performance feedback without formal reviews; make managers responsible for building great teams through reshuffling, recruiting, and compensation; task leaders with shaping culture by understanding values, business levers, and subcultures; and require talent managers to think like businesspeople and innovators first.
1. Hire, Reward, and tolerate only fully formed Adults
• Hire people who put Netflix’s interest first. • Vacation days and the expense policy was designed keeping this aspect in mind. 2.Tell the truth about performance • Have conversations about performance as an organic part of their work and eliminate formal review structure. • Reveal the truth about performance and be ready to let people go 3. Managers own the job of creating great teams • Building performing teams was top priority - reshuffling, correct recruiting, compensation are some factors affecting the same. 4. Leaders own the job of creating the company culture • Mismatch between values and behavior, understanding the levers of the business, recognizing subcultures 5. Good Talent Managers think like businesspeople and innovators first