The slide deck describing the culture at Netflix has some real gems (ht kottke.org).
For example, here are three elements of the company’s compensation practices:
Unlike many companies, we practice “adequate performance gets a generous severance package.” (slide 26)
Netflix vacation policy and tracking: “there is no policy or tracking” (“There is also no clothing policy at Netflix, but no one has come to work naked lately.”) (slide 68)
Big salary is the most efficient form of compensation. (No bonuses, no free stock options, etc.) (slide 106)
Well worth a read.
[...] and culture at Netflix which is well worth reading. Thanks to Donald Marron for pointing this out on his blog this morning! Share and [...]
Except for not tracking hours worked, this appears to be the antithesis of how people are managed in the federal government.
[...] and culture at Netflix which is well worth reading. Thanks to Donald Marron for pointing this out on his blog this morning! Categories: Economics – Recommended Reading 7 August 2009 at 15:09 – [...]
[...] system is about as far as possible from the now-famous system at Netflix: Adequate performance gets a generous severance [...]
[...] Donald Marron By at least one metric – the number of people who have mentioned it to me – my brief post about Netflix appears to be my most popular one so [...]
[...] at least one metric – the number of people who have mentioned it to me – my brief post about Netflix (NASDAQ:NFLX) appears to be my most popular one so [...]
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eliminate penitent 64
Very good resource. Add to bookmarks
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[...] Netflix’s corporate culture was the subject of one of my most popular posts. Favorite line: “Adequate performance gets a generous severance package.” [...]
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