The 4 Netflix HR Practices That Took Us From Average to Awesome

HR Practices

Netflix doesn’t do bonuses. They don’t do formal reviews and they don’t do staff training.

Instead, their HR practices involve heavily scrutinizing employees’ skills and capabilities, and ruthlessly firing them for being good, not great.

Netflix and chill” it is not.

But, despite these seemingly harsh HR practices, 71% of Netflix employees would encourage their friends to become co-workers. They’re officially the best place in the world to work (even beating the likes of Google, Facebook, Amazon, and Apple). Their employee turnover is only 11% a year, which is below the 13% annual average for tech companies. They’ve maintained a voluntary attrition rate of 3-4% over the last two years, and they make around $2 million per employee.

Netflix has not only captivated the attention of its customers around the world, but also continues to grow its reputation as an attractive, sought-after employer.” – Forbes, Incubating Culture: How Netflix Is Winning The War For Talent

So, why is Netflix the best place to work, how do they maintain such a productive workforce, and what lessons can we take from them?

Grab some popcorn and let’s find as we go through the following in this Process Street post:

Settle in for the story of the year (that you can’t stream)… 🍿

Continue Reading

HR Best Practices: What They Are and How You Can Implement Them

HR-Best-practices-What-Are-They-And-How-You-Can-Implement-Them2

Did you know that 69% of millennials would rather make $50k a year at a job they love, than $75k a year at a job that they think is boring?

On top of that, the cost to the US economy of a disengaged, dissatisfied employee can be up to $500 billion a year.

So how do you make sure that you provide an enjoyable position, one that addresses the needs of an employee at all levels, whilst also working with your company goals?

The answer is by adopting our HR best practices, which are detailed below.

At Process Street, we recognize the hr department as a kind of middle man between your business and your employee. By adopting our HR best practices, it ensures that a balance between your business and employee is obtained.

In this article, we will discuss the following:

At the end of this article, you will be presented with a set of free to use templates, to help you implement the best HR processes within your business today.

Ready to get started?

Continue Reading

Get a free Process Street account
and take control of your workflows today.

No Credit Card Required