A company’s success can owe to a lot of prospects. One of them is the appropriate human resource management. Take a look at the innovative human resource management method of Netflix, it is an effective way to manage employees especially for a company that is experiencing a high speed of developing and the market that the company targeting likes changing their tastes.

One of the most impressing ways that Netflix manages its employee is “Tell the truth of the performance”. It is a time and money saving way to manage the employees because it gets rid of the formal policies and it is also a better way to hire the right people. Although the company has to pay a huge amount of compensation for the employee who the company no longer needs, from the long term, it is a good way for both of the company and the employees. Because the company eliminates the energy it used to make a performance evaluation for the individual employee. At the meantime staff can stop suffering from working at a wrong position and is paid a large amount of money. They can either use this amount of money to take some courses to make themselves more competitive or to find another job which suits him or her better.

Netflix’s way to manage people is innovative and educative, but not all the companies can just copy it and wish for a success. Because different company needs their own approach to manage people which can be applied to the current situation of the company and the market that the company is targeting.

Article:

https://hbr.org/2014/01/how-netflix-reinvented-hr?cm_sp=Topics-_-Links-_-Read%20These%20First#