Five for Friday 10.26.18
1. Netflix: Keepers v. Catch-and-release
“”If one of the members of the team was thinking of leaving for another firm, would the manager try hard to keep them from leaving?” If an employee doesn’t pass the keeper test, the person is “promptly and respectfully given a generous severance package so we can find someone for that position that makes us an even better dream team,” Netflix said.” Recently the CEO applied the keeper test to the Chief Product Officer, a personal friend for 18 years, and let him go. “…many attendees at a meeting of Netflix public-relations executives in the spring said they feared losing their jobs every day they came to work.” I guess that’s one way to drive high performance? Business Insider reports.
2. The Benefits of Childcare Benefits
Companies as diverse as Starbucks and American Express are offering child care benefits to stand out in a tight labor market. A side benefit to the benefit is it could help close the wage gap! (Thanks Axios).
3. When Hiring, is Faster Always Better?
If you are using the right metrics, could be the answer is yes! Dr. John Sullivan with more provocative thinking.
4. We Don’t Like to Talk About Our Pay…
“In a survey of more than 750 workers conducted by researchers at Harvard Business School and UCLA, 80% of respondents said that they would be willing to pay money to stop an email containing their salary information from being distributed to co-workers.” The Market Watch article implies that workers are afraid the information might harm workplace relationships.
5. …but Maybe We Should Talk About It
Let’s face it, we’re all curious! And there are good reasons to talk about it (pay equity, productivity, and satisfaction). Hat tip to LinkedIn.