The employees get to choose how much risk they want. Employees can choose all cash, all stock options or whatever combination suits them. Netflix has allowed its employees the freedom to select how much of their compensation they want in the form of salaries and how much in the form of stock options. Netflix Financial Benefits for Employees: Netflix also offers an allowance to its employees through Carrot to support them over the course of their family forming journey. These times are both emotionally and physically challenging for the employees and Netflix recognizes this challenge. This benefit is available to employees and their spouse/domestic partner, regardless of marital status, gender, or sexual orientation. Support families at Netflix are offered family forming benefits during fertility, surrogacy, or adoption journey. So, people can take a break whenever their mind and body feel like it is time to take a break. The company believes in working smarter and not harder. People are allowed to do what is important for them. There is no set holiday or vacation schedule either at Netflix. The company does not have a nine to five work policy and neither any rigid rules related to time offs for the salaried employees. At Netflix, they do not believe in having rigid rules since it is against their core philosophy. This is good for employees’ mental health and allows them to lose stress regularly. At Netflix, people intermix and work a lot. Netflix encourages its employees to take personal time off from their jobs to enjoy their lives. The parental leave policy at Netflix is "take care of your baby and yourself." On average, the new parents at Netflix take 4-8 months. Netflix has a generous parental leave policy for its employees that allows them to spend sufficient time with their newborns. The birth or adoption of a child is one of the most important events in the life of a person. The company believes in providing its employees the resources that help them strike a better work-life balance. When it comes to their personal lives, Netflix does not dictate what its workers do at their homes and allows them to enjoy their personal lives to their fullest. How does Netflix support its employees in terms of personal well being? Hard work can drain employees of energy and if they are unable to strike a balance between work and personal life, they will feel stressed and start losing the motivation to work. So the company strives to provide them better work and personal life balance. While work and performance are important for Netflix employees, their personal well being is equally important. It would not want its star performers to leave since that breaks its Dream Team. However, employee motivation is also an important question before Netflix since it would not want issues like low employee morale and work dissatisfaction to get in the way of its workers’ productivity. The company has focused on creating a performance-oriented culture that values performance, collaboration and innovation. It employs around 8600 people (as of 2019). Netflix is a leading online streaming services provider with a large subscriber base of more than 167 million. However, just compensation and benefits are not sufficient to keep your employees satisfied which is because there are other aspects of work and work environment too that affect employee satisfaction. All of these pay heavy compensations to their employees as well as matchless benefits in an effort to retain them for longer. This is true about all the leading tech brands including Google, Amazon, Facebook, and Apple. This is why tech companies also face a heavy churn rate despite the large compensation packages and benefits. Tech jobs are basically complex and to maintain a balance between work and personal life becomes difficult for the employees at some point. Every major tech organization strives to provide its employees with a great work environment and culture.
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