I recently listened to a podcast of an interview with one of the founders of Netflix. Netflix founders started the company on the premise employees will have a job as long as they are a productive member of the team. When the employee is no longer effective, it is time for them to move on.
Netflix shows all new hires training Power Points. One of the slides lists the nine behaviors and skills the company values in their colleagues. These skills and traits are further defined so there is no ambiguity about what the company means by each trait.
These are fantastic values and I wish every company looked for these in their staff. How much more would you look forward to going to work if your company valued these traits in it’s employees. A Power Point slide states, “Imagine if every person at Netflix is someone you respect and learn from…” Yes, imagine that. It sounds like the ideal workplace.
There is a catch though and it is a big catch. “Adequate performance gets a generous severance package”. Most companies, especially unionized companies expect just a ‘meets standards’ performance. Unfortunately, most companies set this bar pretty low.
To maintain this high level in their staff, Netflix further explains its stance. “We’re a team, not a family. We’re like a pro sports team, not a kid’s recreational team. Netflix leaders hire, develop and cut smartly, so we have stars in every position.” Do you find this a bit harsh? Maybe it is but Netflix does not expect anyone to work for them forever. The concept seems to have worked for the company as they continue to be a powerhouse. Work hard as long as you can and you won’t get cut from the team.