Being a leader in the market doesn’t come easy.

Netflix - the go-to online streaming platform of them all, has done a phenomenal job creating a high-performing culture.
But they have certainly done justice to it.

Coming to performance management, Netflix has a unique 360-degree review process that outbids the old-school formal evaluations.
In a conversation with HBR, Patty McCord mentions: “If you talk simply and honestly about performance on a regular basis, you can get good results—probably better ones than a company that grades everyone on a five-point scale.”

Build an efficient company culture that motivates employees and drives success Employees fear talking honestly about performance, the simple reason being an effect on compensation.

👉 Read more: https://blog.grovehr.com/netflix-performance-appraisal