HRM policies and practices within Netflix

HRM PRACTICES AND
POLICIES

Table of Contents
EXECUTIVE SUMMARY.............................................................................................................1
INTRODUCTION...........................................................................................................................2
MAIN BODY...................................................................................................................................2
Explaining Netflix HR philosophy that are help for retention, attraction and firing etc........2
Analysing how Netflix maintaining its talent hire and reward practices...............................4
Critically analysing the high performance workplace based on the sustainable and ethical
HRM practices........................................................................................................................5
CONCLUSION................................................................................................................................6
RECOMMENDATION...................................................................................................................7
Recommending Netflix for improving its HRM policies and practices.................................7
REFERENCES................................................................................................................................9

EXECUTIVE SUMMARY
The study is highlighting the challenges faced by the Netflix in regard to hire and fire
policy. The opportunity for the company is to hire the experience holder over the graduates and
centralization for the workplace. Further, recommended motivating the employees and provides
sufficient training for the same.
1

INTRODUCTION
Human resource management (HRM) defined as the practices and policies required to
execute the routine of human resources such as staffing of employees, development of staff,
compensation management, performance management and also involvement of employees
in decision-making (Zhdanov and Mikirtichan, 2021). HRM practices and policies are refers
to all the activities which are includes routine of human resources in organization that is
staff development, employee staffing, compensation management, performance
management that are involved in decision making. This report is based on the case study of
Netflix, which was established in 1997 in Scotts Valley, California by co-founders Marc
Randolph and Reed Hastings. It is the world's leading Internet subscription service company
and offers documentaries, TV series, and feature films across a variety of genres and
languages.
The growth rate of the company is higher than compared to others because company has
overwhelming and great features that attracting the customers very well. There are regular
transformation helps to brings innovations and also creating ease for its subscribers (Veth
and et.al., 2019). It introduced the pay policy in order to this every employee may easily
view compensation that earned by other employees and top authorities of firm. They also
has termination policy through which they can terminate any employees period. The main
purpose of the report is to face the challenges and overcome the problems of the company.
The present report will critically analysis the HRM practices of Netflix regards to 'hire and
fire' policy. Further, the study will discuss the recruitment practices used by the cited firm.
Lastly, it analysis the opportunities and challenges of the company that focused on ethical
performance.
MAIN BODY
Explaining Netflix HR philosophy that are help for retention, attraction and firing etc.
Human resources policies are different according to the workplace and it is very essential
framework that can be used for smooth functioning. The policies helps in making environment
safe and secure through their procedure that perform function effectively. In US there are
various types of policies are uses such as, employment contracts that is used by firm when the
employee start job in company that helps in maintaining legislation and follows laws properly
that covers under it(Student, 2020). The policy related to leave is plays key role in determining
2