4 Where we want to be how to get there and where are we now

4. “Where we want to be, how to get there, and where are we now” are key points of a successful company’s strategy. How do the company’s HR policies support the firm’s strategy for Netflix?

Solution

The company’s HR policies support the firm’s strategy for Netflix in following ways –

-          By recruiting those employees and understand the priorities of company’s business and benefits. This helped in reducing the formalized policies and increased employee satisfaction

-          By placing employees in the business functions based on the right match of their skill sets and timely trainings to compete with the business needs

-          By encouraging employee morale, sharing the clear messages and educating employees on how the company is earning its revenue and business behavior to drive success

-          By introducing the informal 360-degree performance evaluation to focus on certain policies which are not making sense