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HRM Practices at Netflix: Challenges, Opportunities and Recommendations

   

Added on  2023-06-15

11 Pages3478 Words477 Views
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Human Resource
Management
HRM Practices at Netflix: Challenges, Opportunities and Recommendations_1

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................4
Discussing the HR philosophy of Netflix...................................................................................4
Explaining how Netflix maintains hire and reward practices.....................................................5
Analysing ways in which Netflix maintains high performance workplace................................7
Recommendations.......................................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................11
HRM Practices at Netflix: Challenges, Opportunities and Recommendations_2

Executive summary:
The aim of the report was to identify the importance of HRM practices that are followed
in any organisation. Also, the report had analysed the HR practice that are being followed in the
Netflix in United states and other parts of the world through especially analysing the hire and fire
policy that has been adopted by the firm over the year’s. Moreover, the report had analysed the
hiring, retaining and training at the Netflix through use of various models and theories. Further,
the challenges and opportunities in creating the best policies of HR at the Netflix had also been
discussed through this report. Lastly certain suggestions for the improvements in the current HR
policy had also been covered under this report.
HRM Practices at Netflix: Challenges, Opportunities and Recommendations_3

INTRODUCTION
Human resource management is very important part of the any firm as it allows in
selecting hiring and retaining the best of the employees for the workplace. The present report is
based on the Netflix that is subscription based online platform that allows the individual to enjoy
variety of TV shows, film, series and much more. Moreover, the report will discuss the
philosophy of human resource that is followed by the firm over period along with hire and fire
policy that selects only qualified individuals and not pass out graduates.
Also, the study will discuss the difference in Netflix HR policy that is being followed in
United States and other regions around the globe. Moreover, report will identify the reward
systems and workplace practices that are followed in the company by taken into the
consideration various employment laws that are different while working globally. Also, the study
will critically analyse the current HRM systems that is being followed by Netflix to hire certain
employees through using the appropriate theory and models. Thus, this would allow quoted firm
to develop better policies in the future. Also, certain challenges in the current HR policy along
with the available opportunities of the firm in the future will also be covered under this report in
detail. Hence, it would allow the firm to make certain changes in the current policies that are
being followed by all the employees at the workplace. Lastly, certain suggestions will also be
given in this report so that work culture could be made more stress-free.
MAIN BODY
Discussing the HR philosophy of Netflix.
Netflix is the fastest evolving online platform that allows individual to watch several TV
shows and film by paying the certain amount of fee known as subscription. Thus, it can be said
that through this platform large number of people are able to watch their favourite shows and
series with no adds feature (Colbjørnsen, Hui and Solstad, 2021). Further, it is seen that Netflix
has remained the top most choice of entertainment especially during the times of pandemic in
which people were not able to go outside and enjoy. Moreover, in context of HR philosophy it
can be said it is based on assumption of management beliefs about the people that are working in
the company that defines how people should be treated at particular time. Netflix is concerned in
managing and taking care of all their employees so that right people could be hired and all the
HRM Practices at Netflix: Challenges, Opportunities and Recommendations_4

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