Workers whose skill sets didn’t match the organisation’s goals were let go with an enviable severance package. Know When To Let People Go In the same article, McCord underlined that instead of the routine performance reviews, employees were subjected to 360-degree interviews where they had to point out things co-workers should “stop, start or continue.” Employees were also expected to upskill continuously. Ability to thrive in chaos and create order from disorder.A penchant for innovation and creativity.Ability to put Netflix’s interest ahead of their team or even their own.Having a flexible and lucid communication style.Ability to identify and address root causes.
Ability to make calculated decisions independently.In an interview with noted thought leader Peter Fisk, Hastings revealed what qualities he looked for in prospective employees:
But to develop a foundation that enables this level of freedom, you need to build up talent density, and reduce controls." This was done by hiring and nurturing the right people. “If you give employees more freedom instead of developing processes to prevent them from exercising their own judgment, they will make better decisions and it’s easier to hold them accountable. With Great Power Comes Great Responsibility Although employees did not have to worry about their manager breathing down their necks while making a decision (financial or otherwise) for the company, the employees had to prove they were worth handling such a high level of autonomy. Hastings, who was the CEO/Chairman of the OTT titan, formally stepped down from his role on Thursday, January 19. Streaming giant Netflix just witnessed the end of an era. As long as they remember to act in “Netflix’s best interests”, nobody would be dictating how many leaves they take or how much they spend. Employees should be treated like “adults”, she argued. They enjoyed generous pay packages and did not have to suffer micromanagement of expenses or vacations. She explained that from the very beginning, Hastings ensured that only the best i.e people who came with an impeccable work ethic and had a desire for high performance would be recruited, kept, and rewarded.
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