Netflix vacation policy is only the tip of a radical compensation iceberg

dfdeshom:

What Netflix is doing with both its vacation and pay policies is to make its in-demand engineers feel like rational, thinking adults. The company trusts them to make decisions, and to act in the best interests of both their company and themselves.

Here’s another quote from the article (emphasis mine):

At a time when it’s not a stretch to say that poorly designed financial incentives imperiled the world’s economy—Wall Street’s greed played a big role in the housing bubble that precipitated our current crisis—more corporations would do well to examine Netflix’s approach. Despite what many leaders seem to believe, money isn’t the only carrot that motivates employees. Trust, flexibility and freedom each go a long way toward keeping employees happy, engaged, and sticking around. Even if they take a couple extra weeks of vacation.

This is exactly the thesis of the animated talk I posted about not too long ago, but put into practice in a real-world environment and working, seemingly, better than the alternative.

It turns out that if you give people some freedom and treat them like rational individuals, they will in turn work better, harder, and more respectfully for you. Who knew?