While it wasn’t known at the time of formulation, the HR practices shaped by Netflix, have gone on to get accepted as the norm across industries. These practices have such widespread adoption, that documents pertaining to the same have been viewed millions of times online. It was jointly curated by the then Chief Talent Officer and by Reed Hastings, the Founder- cum- CEO. Freedom and responsibility are the two major maxims followed by Netflix. While a lot of companies rely purely on technical qualifications to hire new people, Netflix’s procedure entailed identifying the holistically developed individuals. Once the new hires do well, they are quickly rewarded. Performance reviews are authentic, as the truth is spoken. It is the managers’ responsibility to hone the best of teams. The top management though is responsible for the overall company culture. The HR practitioners here, put greater focus on talent management and innovation.

Source:https://hbr.org/2014/01/how-netflix-reinvented-hr

Uploaded Date:24 June 2019