September 22, 2009

Netflix and Generous Severance

Please take time out of your day to scroll through these 128 slides.

The slides were put together by Reed Hastings, the CEO of Netflix.

I usually detest this type of drivel, but I found these slides to be challenging, educational, and inspiring.

A few of my favorite slides below:

Slide 26: But unlike many companies, we practice "adequate performance gets a generous severance package"

Slide 27: We're a team, not a family. We're like a pro sports team, not a kid's recreational team. Coaches' job at every level of Netflix to hire, develop and cut smartly, so we have stars in every position

Slide 28: The Keeper Test Managers Use: "Which of my people if they told me they were leaving in two months for a similar job at a peer company would I fight hard to keep at Netflix?" The other people should get a generous severance package now, so we can open a slot to try and find a star for that role

Slide 68: 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." - Patty McCord 2004.

Lesson: You don't need detailed policies for everything

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