4 ms·
The 'demand' of loyalty isn't higher than at any other company. And in fact, this point is specifically called out in the culture deck: http://www.slideshare.ne
by greg7gkb 10y ago
The 'demand' of loyalty isn't higher than at any other company. And in fact, this point is specifically called out in the culture deck:
http://www.slideshare.net/reed2001/culture-1798664/33-Loyalty_is_Good_Loyalty_is http://www.slideshare.net/reed2001/culture-1798664/33-Loyalt...
As for the annual bonus, Netflix assumes that everyone is functioning at a high level and pays as if they were making the top-end of the bonus range at other companies. Which is part of the rationale behind the high base compensation.
- cmdrfred 10y agoThat won't be the case for many of the management readers of this article though. They will implement a no bonus policy and pay at or below market rates (before bonuses) and then grumble to themselves "millennials are so lazy!" when the 2 year turnover is 90%.
- inthewoods 10y ago"Pays as if they were making the top-end of the bonus range at other companies" To me, this is the problem - who determines this and what is their dataset? I worked at a company in the past that claimed to do this, but to do this they generally need some sort of data source. And the data sources for salary data are tough to use in this way - positions/responsibilities vary, regions vary, etc. Just tough to get this right - even with the best intentions.
- shados 10y agoIt's pretty damn easy actually, once you're a certain size at least. The hiring and retention pipeline makes it painfully obvious. As an employee, you don't get to see all of the requests for raises, all of the people negotiating salaries, etc. But there's people in the company who do. That's all the data you need.
- Bahamut 10y agoEvery person who interviews with them gets asked to disclose their salary. Source: I have interviewed with them. I have also not heard any stories about Netflix employees being underpaid, except one being lured away by FB for over $1M.