Discover the secrets behind Netflix’s success!
Netflix’s philosophy offers unique insights and valuable ideas for human resources professionals. Netflix has succeeded in creating a stimulating work environment that fosters creativity and employee performance. The “Netflix method” is based on a culture of freedom and responsibility.
Surround yourself only with the most talented people
A company leader should surround himself exclusively with high-performing employees. In this exceptional context, practices such as transparency and a lack of micromanagement are key to success. To attract the best talent, Netflix is willing to pay them above market rates. If you need 20 people, hire 10 excellent ones and pay them as if there were 15.
notes, “You have to be able to let a good employee go when you think you can find a great one.” Reed Hastings, co-founder and president of Netflix—a concept that is difficult to apply in the French cultural and legal context.
Encourage open communication
Transparency allows teams to learn more from one another, increase their individual responsiveness, and also boost collective performance. “The day you keep your comments to yourself because you’re worried about your popularity is the day you’ll have to leave Netflix.” Ted Sarandos, Chief Content Officer
Less control
:The more talented your team is, the more freedom you can grant. No longer controlling the number of days off or the amount of business expenses requires sharing all the information so that the best decisions can be made. If your employee fails, reevaluate the context you provided, but never tell them what to do.
inspired by RH culture