About

Netflix is an online platform that enables users to watch TV shows and movies on smart TVs, PCs, Macs, mobiles and tablets.

• CEO: Reed Hastings
• Mission: At Netflix, we want to entertain the world. Whatever your taste, and no matter where you live, we give you access to best-in-class TV shows, movies and documentaries.
• Revenue USD MM (FY20): $20,156.45
• Headcount: 8,600

Highlights

• Women make up 48% of the leadership positions
• Each employee gets a fully vested 10-year stock option plan
• Customize compensation by changing the proportion of flexi vs. fixed benefits
• Matched donation to a not-for-profit of employee’s choice capped at $10,000

EX objectives

• Independent decision-making
• Share information openly, broadly and deliberately
• Maintain candidness
• Retain highly effective people
• Avoid rules and hard coded systemic values

The foundations of freedom and responsibility — not having a lot of rules, not having policies, not using sort of a bureaucracy or hierarchy to govern — but instead really providing context to folks and giving them all the freedom to do their job and all the responsibility … has increased over time instead of decreased, and continues to work.

– Tawni Cranz, Chief Talent Officer at Netflix

Drivers of culture

• Integrity
• Excellence
• Respect
• Inclusion
• Collaboration

The “keeper test” to evaluate employees – If one of your employees was leaving for another job would you fight hard to keep him/her at Netflix?

If the answer is “no,” then Netflix will put that person out to pasture. Or, as it shares in the culture deck – Sustained B-level performance, despite ‘A for effort’, generates a generous severance package, with respect.

Key ratings

• Total ratings on Glassdoor: 1200
  • Overall rating: 4
  • Recommend to friend: 73%
  • CEO approval rating: 90%

Benefits

• Self
  • Parental leave
  • Time away
  • Family forming
• Finances
  • Stock option program
  • Personal top of market
  • Employee giving program
• Conveniences
  • Expenses and work-related travel allowances
  • Work, not drive
  • Relocation benefits

Diversity and Inclusion

• 47% of the workforce is female
• 54.5% of the workforce ethnicity
• 41.9% of the ethnicity in leadership

It takes diversity of thought, culture, background, and perspective to create a truly global storytelling platform.

Key internal resource groups

• Vetflix – for veterans
• #sherules – for women
• Swana – for employees from Africa and SW Asia
• Mental Health

Match-up to Netflix!

• Evaluate your leadership mix
• Provide flexible and growth-oriented benefit packages
• Support personal initiatives of employees with resources