Netflix’s Excellent Vacation Policy
As the company explains in its “Reference Guide on our Freedom & Responsibility Culture”, a 128-slide PowerPoint presentation that has spread like samizdat literature on the internet: “We should focus on what people get done, not how many hours or days worked. Just as we don’t have a nine to five day policy, we don’t need a vacation policy.”
So the company scrapped its formal plan. Today, Netflix’s roughly 600 salaried employees can vacation any time they desire for as long as they want – provided that their managers know where they are and that their work is covered.
This ultra flexible, freedom-intensive approach to holiday time hasn’t exactly hurt the company. Launched in 1999, Netflix now has market cap of nearly $7bn (£4.5bn). Meanwhile, its chief rival, the video rental chain Blockbuster, last month was delisted from the New York Stock Exchange.
-Shlok
Sign up for my newsletter.
One Comment