Example - Finance team has set no leave for specific month due to year end and closing.Ĥ. However, every manager sets vacation parameters as per their department.
Regarding vacations - There are no restrictions on vacations as the days are not counted. People are trusted enough to make their decisions regarding their expense with one important motto - ' Spend money as if It were your own' (Audits on expenses do take place Annually) Culture of Removing Policies: At Netflix, there is no vacation policy nor there is travel and expense approvals. HIGH PERFROMANCE + CANDOR = EXTREMELY HIGH PERFROMANCEģ. At, Netflix, the day you don't say what you really think or stay salient, is the day you have done the most disservice to the company.
Culture of Feedback: Consistent and constant feedback, Saying what you really think - With positive intent is most important.Basically, Netflix will always consist of Top performers, and one else. Culture of Attracting Top performers: At Netflix, only the top performers will stay, the rest (Adequate performers) will receive generous Severance package as they leave.I was pleasantly surprised by the philosophies of Netflix's CEO Reed Hastings, which are completely groundbreaking and never seen before.įollowing are the few important points uncovered in the book: I recently completed reading of the book ' No Rules Rules: Netflix and the Culture of Reinvention'.
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