1) Keep only great people who would be difficult to replace - get rid of the rest.
2) Do not reward hours/effort but rather performance.
3) Humility is important for effective teamwork - don’t hire egos and personalities without humility.
4) High performance employees allows (and requires) less process
5) Less on the bonus and frills, more just top salary for every employee.
6) Don’t promote because you need to fill a position but rather because someone is a superstar
Take a look for yourself:
Culture from Reed Hastings
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