1 How Netflix - PowerPoint Presentation

1 How Netflix
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Reinvented HR Based on the article by Patty McCord Harvard Business Review JanuaryFebruary 2014 2 3 Stellar talent has led to stellar success Id rather work by myself than with ID: 530443 Download Presentation

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Slide1

1Slide2

How Netflix

Reinvented HRBased on the article by Patty McCord, Harvard Business Review, January–February 2014

2Slide3

3

Stellar talent has led

to

stellar success

.Slide4

“I’d rather work by myself than with

subpar

performers.”

It

All Began with

One

Employee

4Slide5

The Talent Philosophy at Netflix

5

Hire only “A”

players.Slide6

But There’s a Catch…

6

You have to be willing to

let some

people

go

.Slide7

7

Be generous

with severance.Slide8

8

Tenets of

HR at NetflixSlide9

9

Hire Only Grown-Ups

Employees should rely on logic and common sense, not formal policies

.Slide10

The Old Policy for Paid Time Off

10

10 vacation days

10 holidays

Sick

daysSlide11

The New Guidelines for Paid Time Off

11

Take whatever time

is

appropriate.

Work it out with your

boss

and colleagues.Slide12

One Simple Rule for T&E

12

Act in Netflix’s best interests.Slide13

13

Tell the Truth About Performance

Improvement plans are dishonest. Slide14

Maria Wouldn’t Benefit from a

Performance Improvement Plan…

14… and neither would Netflix

.Slide15

Frequent, honest

conversations

15

Ratings on a

five

-point scale Slide16

A New Tool: Informal

360s16

Stop

Start

Continue Slide17

17

Charge Managers with Creating Great Teams

Make recruitment their top priority.Slide18

18

What

skills will

your team need six months from now

?Slide19

19

How

can you

fill the gaps

?Slide20

20

M

arket rates

Choice on equity

I

mmediate vesting

Netflix’s

Compensation

PhilosophySlide21

21

Charge Leaders with Creating the Right Culture

They have to model the behavior they want to

see.Slide22

A Classic Tension at Start-Ups

22

Efficiency and

high performance

C

asualness

and fun

VSSlide23

23

Make sure employees understand what behavior drives success. Slide24

24

Subcultures may require

different approaches.Slide25

25

Think Like

Businesspeople

First

Cheerleading doesn’t improve

morale—but good

results do

.Slide26

26

What’s good for

the company?

How do we communicate that?

What defines

high performance?

The Critical

Questions

for HRSlide27

27

HR people can be innovators, too

.Slide28

28

Trust employees

Be honest

Recruit

stars

Walk the talk

Focus on results

Netflix’s

Recipe

for High Performance

=Slide29

29

Are our HR practices too bureaucratic?

What do they focus on most?

Could they support our business goals better?

Do they help employees understand how to drive results?

Would replacing rules with common sense work here?

How would things change if we made recruiting stars the top priority for our managers?

For DiscussionSlide30

Learn More

30

Harvard Business Review Magazine

and Web

Articles

How

Netflix Reinvented HR

Patty

McCordReinventing Performance Management Marcus Buckingham and Ashley GoodallTalent Management for the Twenty-First CenturyPeter CappelliBuilding a Game-Changing Talent StrategyDouglas A. Ready, Linda Hill, and Robert J. Thomas Harvard Business Review Press BooksThe Alliance: Managing Talent in the Networked AgeReid Hoffman, Ben Casnocha, and Chris YehIt’s Not the How or the What but the Who: Succeed by Surrounding Yourself with the BestClaudio Fernández-AráozHBR’s 10 Must Reads on Managing People

Shom More....
By: giovanna-bartolotta
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